Aurora Cannabis Inc (NASDAQ: ACB) is 51.06% 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 $6.61 in the last trading session, with the day’s loss setting it -0.19%.
Currently trading at $6.42, the stock is 46.41% and 46.62% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.51 million and changing -2.87% at the moment leaves the stock 17.23% off its SMA200. ACB registered 57.35% gain for a year compared to 6-month loss of -0.62%. The firm has a 50-day simple moving average (SMA 50) of $4.3386 and a 200-day simple moving average (SMA200) of $5.48045.
The stock witnessed a 55.45% gain in the last 1 month and extending the period to 3 months gives it a 26.13%, and is 74.46% 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 17.25% over the week and 7.49% over the month.
Aurora Cannabis Inc (ACB) has around 1073 employees, a market worth around $352.33M and $233.51M in sales. Current P/E ratio is 40.74 and Fwd P/E is 17.44. Profit margin for the company is 3.62%. Distance from 52-week low is 126.06% and -31.34% from its 52-week high. The company has generated returns on investments over the last 12 months (1.98%).
with sales reaching $90.38M over the same period., but quarterly earnings will post 27.13% year-over-year. Quarterly sales are estimated to grow 34.07% in year-over-year returns.
Aurora Cannabis Inc (ACB) Top Institutional Holders
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.
Aurora Cannabis Inc (ACB) Insider Activity
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