Aurora Cannabis Inc (NASDAQ: ACB) is 47.06% higher 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 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 $5.37 in the last trading session, with the day’s gains setting it 0.88%.
Currently trading at $6.25, the stock is 53.90% and 46.58% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 21.06 million and changing 16.39% at the moment leaves the stock 13.93% off its SMA200. ACB registered 64.47% gain for a year compared to 6-month loss of 6.29%. The firm has a 50-day simple moving average (SMA 50) of $4.225 and a 200-day simple moving average (SMA200) of $5.4868.
The stock witnessed a 34.12% gain in the last 1 month and extending the period to 3 months gives it a 4.52%, and is 63.61% 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 13.76% over the week and 6.57% over the month.
Aurora Cannabis Inc (ACB) has around 1073 employees, a market worth around $343.00M and $233.51M in sales. Current P/E ratio is 39.66 and Fwd P/E is 38.52. Profit margin for the company is 3.62%. Distance from 52-week low is 120.07% and -33.16% from its 52-week high. The company has generated returns on investments over the last 12 months (1.98%).
The EPS is expected to grow by 132.02% this year
180.0 institutions hold shares in Aurora Cannabis Inc (ACB), with institutional investors hold 11.44% of the company’s shares. The shares outstanding are 54.88M, and float is at 54.65M with Short Float at 8.95%. Institutions hold 11.44% 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.
