Aurora Cannabis Inc (NASDAQ: ACB) is -22.99% lower on its value in year-to-date trading and has touched a low of $3.42 and a high of $7.20 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 $3.98 in the last trading session, with the day’s loss setting it -2.84%.
Currently trading at $1.14M, the stock is -26.02% and -21.62% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.63 million and changing 1626332% at the moment leaves the stock -20.24% off its SMA200. ACB registered -7.76% loss for a year compared to 6-month gain of -4.39%. The firm has a 50-day simple moving average (SMA 50) of $5.0014 and a 200-day simple moving average (SMA200) of $4.9148.
The stock witnessed a -28.73% loss in the last 1 month and extending the period to 3 months gives it a -13.27%, and is -33.33% 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 6.67% over the week and 6.62% over the month.
Aurora Cannabis Inc (ACB) has around 1101 employees, a market worth around $220.50M and $246.62M in sales. Current P/E ratio is 82.70 and Fwd P/E is 10.08. Profit margin for the company is 0.79%. Distance from 52-week low is 14.57% and -45.56% from its 52-week high. The company has generated returns on investments over the last 12 months (0.43%).
The EPS is expected to grow by 253.33% this year
190.0 institutions hold shares in Aurora Cannabis Inc (ACB), with institutional investors hold 19.70% of the company’s shares. The shares outstanding are 56.23M, and float is at 56.03M with Short Float at 9.16%. Institutions hold 19.70% of the Float.
The top institutional shareholder in the company is SUSQUEHANNA INTERNATIONAL GROUP, LLP with over 1.42 million shares valued at $6.54 million. The investor’s holdings represent 2.7621 of the ACB Shares outstanding. As of 2024-06-30, the second largest holder is SUSQUEHANNA INTERNATIONAL GROUP, LLP with 1.4 million shares valued at $6.49 million to account for 2.7396 of the shares outstanding. The other top investors are TOROSO INVESTMENTS, LLC which holds 1.31 million shares representing 2.5544 and valued at over $6.05 million, while PARALLAX VOLATILITY ADVISERS, L.P. holds 1.6637 of the shares totaling 0.85 million with a market value of $3.94 million.
