Aurora Cannabis Inc. (NASDAQ: ACB) is -21.05% lower on its value in year-to-date trading and has touched a low of $0.71 and a high of $4.56 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ACB stock was last observed hovering at around $0.74 in the last trading session, with the day’s loss setting it -0.01% off its average median price target of $1.12 for the next 12 months. It is also 58.29% off the consensus price target high of $1.75 offered by 10 analysts, but current levels are 18.89% higher than the price target low of $0.90 for the same period.
Currently trading at $0.73, the stock is -14.71% and -21.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.12 million and changing -1.94% at the moment leaves the stock -42.29% off its SMA200. ACB registered -77.02% loss for a year compared to 6-month loss of -54.76%.
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The stock witnessed a -19.96% gain in the last 1 month and extending the period to 3 months gives it a -35.54%, and is -10.41% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.31% over the week and 4.53% over the month.
Aurora Cannabis Inc. (ACB) has around 1338 employees, a market worth around $374.08M and $211.60M in sales. Distance from 52-week low is 3.07% and -84.03% from its 52-week high. The company has generated returns on investments over the last 12 months (-183.60%).
Aurora Cannabis Inc. (ACB) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Aurora Cannabis Inc. (ACB) is a “Hold”. 10 analysts offering their recommendations for the stock have an average rating of 2.90, where 9 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Aurora Cannabis Inc. is expected to release its quarterly report on 09/26/2023.The EPS is expected to shrink by -95.30% this year.
Aurora Cannabis Inc. (ACB) Top Institutional Holders
The shares outstanding are 326.45M, and float is at 299.83M with Short Float at 11.39%.
