Aurora Cannabis Inc (NASDAQ:ACB) shares, rose in value, with the stock price down by -6.81% to the previous day’s close as strong demand from buyers drove the stock to $6.71.
Actively observing the price movement in the last trading, the stock closed the session at $7.20. The PE ratio was 0.74 over 12-month period. Referring to stock’s 52-week performance, its high was $11.50, and the low was $2.84. On the whole, ACB has fluctuated by 59.38% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 199.79M, with a low estimate of 50.5M and a high estimate of 53.31M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 51.31M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ACB’s technical picture suggests that short-term indicators denote the stock is a 100% Buy on average. However, medium-term indicators have put the stock in the category of Hold while long-term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ACB currently trading nearly 7.55% and 46.94% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.18, while the 7-day volatility ratio is showing 10.14% which for the 30-day chart, stands at 17.72%. Furthermore, Aurora Cannabis Inc (ACB)’s beta value is 2.14, and its average true range (ATR) is 0.81.
A comparison of Aurora Cannabis Inc (ACB) with its peers suggests the former has fared considerably weaker in the market. ACB showed an intraday change of -6.81% in last session, and over the past year, it grew by 18.97%%.
Data on historical trading for Aurora Cannabis Inc (NASDAQ:ACB) indicates that the trading volumes over the past 3 months, they’ve averaged 5.89 million. According to company’s latest data on outstanding shares, there are 34.53 million shares outstanding.
Nearly 1.50% of Aurora Cannabis Inc’s shares belong to company insiders and institutional investors own 25.88% of the company’s shares. The stock has risen by 40.91% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ACB stock heading into the next quarter.
