The trading price of Aurora Cannabis Inc (NASDAQ:ACB) closed lower on Thursday, March 29, closing at $4.39, -7.58% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 0.48, while its 5Y monthly beta was 2.83. In examining the 52-week price action we see that the stock hit a 52-week high of $11.50 and a 52-week low of $2.84. Over the past month, the stock has gained 35.91% in value.
Aurora Cannabis Inc, whose market valuation is $69.05 million at the time of this writing, is expected to release its quarterly earnings report Jun 12, 2024 – Jun 17, 2024. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -$0.17 per share this quarter, however they have predicted annual earnings per share of -$0.93 for 2024 and -$0.32 for 2025. It means analysts are expecting annual earnings per share growth of 65.60% next year.
Analysts have forecast the company to bring in revenue of $51.76 million for the current quarter, with the likely lows of $50.94 million and highs of $53.77 million. The average estimate suggests sales will likely up by 10.50% this quarter compared to what was recorded in the comparable quarter last year. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue in 2024 is $201.52 million.
A company’s earnings reviews provide a brief indication of a stock’s direction in the short term, where in the case of Aurora Cannabis Inc No upward and no downward comments were posted in the last 7 days. On the technical side, indicators suggest ACB has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 50% Sell, while an average of long term indicators suggests that the stock is currently 50% Sell.
A quick review shows that ACB’s price is currently 26.48% off the SMA20 and 18.60% off the SMA50. The RSI metric on the 14-day chart is currently showing 59.43, and weekly volatility stands at 21.44%. When measured over the past 30 days, the indicator reaches 11.37%. Aurora Cannabis Inc (NASDAQ:ACB)’s beta value is currently sitting at 2.37, while the Average True Range indicator is currently displaying 0.46.
To see how Aurora Cannabis Inc stock has been performing in comparison to its peers in the industry, here are the numbers: ACB stock’s performance was -7.58% in the latest trading, and -35.22% in the past year. Aurora Cannabis Inc has a P/E ratio of 0.48.
An evaluation of the daily trading volume of Aurora Cannabis Inc (NASDAQ:ACB) indicates that the 3-month average is 1.67 million. However, this figure has increased over the past 10 days to an average of 7.39 million.
Currently, records show that 34.53 million of the company’s shares remain outstanding. The insiders hold 0.88% of outstanding shares, whereas institutions hold 30.36%. The stats also highlight that short interest as of Mar 15, 2024, stood at 3.82 million shares, resulting in a short ratio of 3.04 at that time. From this, we can conclude that short interest is 7.01% of the company’s total outstanding shares. It is noteworthy that short shares in March were up slightly from the previous month’s figure, which was 3.55 million. However, since the stock’s price has seen -7.81% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
