Aurora Cannabis Inc (NASDAQ: ACB) is -23.56% lower on its value in year-to-date trading and has touched a low of $2.84 and a high of $11.50 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 $3.70 in the last trading session, with the day’s loss setting it -0.06%.
Currently trading at $3.64, the stock is 15.04% and -3.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.44 million and changing -1.62% at the moment leaves the stock -26.20% off its SMA200. ACB registered -50.14% loss for a year compared to 6-month loss of -57.82%. The firm has a 50-day simple moving average (SMA 50) of $0.78 and a 200-day simple moving average (SMA200) of -$0.10.
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The stock witnessed a -7.38% gain in the last 1 month and extending the period to 3 months gives it a -24.17%, and is 24.66% 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 10.75% over the week and 7.79% over the month.
Aurora Cannabis Inc (ACB) has around 1130 employees, a market worth around $57.26M and $203.84M in sales. Current P/E ratio is 0.40. Profit margin for the company is 150.92%. Distance from 52-week low is 28.17% and -68.35% 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 -$0.17 with sales reaching $51.75M over the same period.The EPS is expected to grow by 75.33% this year. Quarterly sales are estimated to grow 10.40% in year-over-year returns.
Aurora Cannabis Inc (ACB) Top Institutional Holders
238 institutions hold shares in Aurora Cannabis Inc (ACB), with institutional investors hold 7.05% of the company’s shares. The shares outstanding are 34.53M, and float is at 15.59M with Short Float at 22.79%. Institutions hold 7.05% 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.
