Aurora Cannabis Inc (NASDAQ: ACB) is 24.11% higher 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 continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ACB stock was last observed hovering at around $6.17 in the last trading session, with the day’s loss setting it -0.26%.
Currently trading at $5.91, the stock is -7.72% and 1.03% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.09 million and changing -4.21% at the moment leaves the stock 12.76% off its SMA200. ACB registered 34.32% gain for a year compared to 6-month gain of 82.97%.
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The stock witnessed a 0.68% loss in the last 1 month and extending the period to 3 months gives it a -4.21%, and is -7.51% 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 5.29% over the week and 6.47% over the month.
Aurora Cannabis Inc (ACB) has around 1073 employees, a market worth around $323.04M and $205.54M in sales. Profit margin for the company is -11.55%. Distance from 52-week low is 108.10% and -48.61% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.33%).
Aurora Cannabis Inc quarterly earnings per share for the current quarter are estimated at -0.22 with sales reaching $52.38M over the same period.The EPS is expected to grow by 72.87% this year, but quarterly earnings will post 15.90% year-over-year. Quarterly sales are estimated to grow 14.30% in year-over-year returns.
199.0 institutions hold shares in Aurora Cannabis Inc (ACB), with institutional investors hold 13.33% of the company’s shares. The shares outstanding are 54.55M, and float is at 54.50M with Short Float at 7.28%. Institutions hold 13.33% of the Float.
The top institutional shareholder in the company is YONG RONG (HK) ASSET MANAGEMENT LTD with over 0.15 million shares valued at $0.69 million. The investor’s holdings represent 0.3163 of the ACB Shares outstanding. As of 2024-06-30, the second largest holder is STUDIO INVESTMENT MANAGEMENT LLC with 200.0 shares valued at $924.0 to account for 0.0004 of the shares outstanding.
