Aurora Cannabis Inc (ACB) Analysis & Opinions from Experts

Aurora Cannabis Inc (NASDAQ: ACB) is -8.80% lower on its value in year-to-date trading and has touched a low of $0.37 and a high of $1.15 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 $0.41 in the last trading session, with the day’s gains setting it 0.02%.

Currently trading at $0.43, the stock is 5.84% and -3.86% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.0 million and changing 6.45% at the moment leaves the stock -17.60% off its SMA200. ACB registered -55.71% loss for a year compared to 6-month loss of -18.04%. The firm has a 50-day simple moving average (SMA 50) of $0.93 and a 200-day simple moving average (SMA200) of -$0.12.

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The stock witnessed a -5.13% gain in the last 1 month and extending the period to 3 months gives it a -7.30%, and is 11.93% up 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 7.43% over the week and 5.74% over the month.

Current P/E ratio is 0.48. Profit margin for the company is 150.92%. Distance from 52-week low is 17.38% and -62.23% from its 52-week high. The company has generated returns on investments over the last 12 months (68.20%).

Aurora Cannabis Inc quarterly earnings per share for the current quarter are estimated at -$0.01 with sales reaching $51.13M over the same period.The EPS is expected to grow by 80.28% this year. Quarterly sales are estimated to grow 9.10% in year-over-year returns.

Aurora Cannabis Inc (ACB) Top Institutional Holders

246 institutions hold shares in Aurora Cannabis Inc (ACB), with institutional investors hold 9.00% of the company’s shares. The shares outstanding are 475.90M, and float is at 474.52M with Short Float at 7.75%. Institutions hold 9.00% of the Float.

The top institutional shareholder in the company is Verition Fund Management, LLC with over 12.34 million shares valued at $6.6 million. The investor’s holdings represent 2.60% of the ACB Shares outstanding. As of Mar 30, 2023, the second largest holder is ETF Managers Group, LLC with 8.35 million shares valued at $5.82 million to account for 1.76% of the shares outstanding. The other top investors are Renaissance Technologies, LLC which holds 5.65 million shares representing 1.19% and valued at over $3.02 million, while Mirae Asset Global Investments Co., Ltd. holds 0.57% of the shares totaling 2.72 million with a market value of $1.45 million.

Aurora Cannabis Inc (ACB) Insider Activity

A total of 7 insider transactions have happened at Aurora Cannabis Inc (ACB) in the last six months, with sales accounting for 3 and purchases happening 4 times.