What should you know before buying stock in Aurora Cannabis Inc (ACB)

Aurora Cannabis Inc (NASDAQ: ACB) is -9.41% lower on its value in year-to-date trading and has touched a low of $2.84 and a high of $9.35 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 $3.96 in the last trading session, with the day’s loss setting it -0.11%.

Currently trading at $3.85, the stock is -9.52% and -12.89% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.78 million and changing -2.78% at the moment leaves the stock -31.84% off its SMA200. ACB registered -13.25% loss for a year compared to 6-month loss of -33.04%. The firm has a 50-day simple moving average (SMA 50) of $4.4196 and a 200-day simple moving average (SMA200) of $5.64835.

The stock witnessed a -10.26% gain in the last 1 month and extending the period to 3 months gives it a -30.63%, and is -6.78% 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 5.02% over the week and 5.51% over the month.

Aurora Cannabis Inc (ACB) has around 1073 employees, a market worth around $211.29M and $217.74M in sales. Fwd P/E is 44.62. Profit margin for the company is -14.78%. Distance from 52-week low is 35.56% and -58.82% from its 52-week high. The company has generated returns on investments over the last 12 months (-7.43%).

The EPS is expected to grow by 87.05% this year.

Aurora Cannabis Inc (ACB) Top Institutional Holders

176.0 institutions hold shares in Aurora Cannabis Inc (ACB), with institutional investors hold 11.52% of the company’s shares. The shares outstanding are 54.86M, and float is at 54.65M with Short Float at 7.82%. Institutions hold 11.52% 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.