Aurora Cannabis Inc (NASDAQ:ACB) price on Thursday, May 09,rose 6.07% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $6.81.
A look at the stock’s price movement, the close in the last trading session was $6.42. The PE ratio in trailing twelve months stood at 0.75. Turning to its 52-week performance, $11.50 and $2.84 were the 52-week high and 52-week low respectively. Overall, ACB moved 0.74% over the past month.
Aurora Cannabis Inc’s market cap currently stands at around $107.12 million.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ACB is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
ACB’s current price about 0.86% and 29.75% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.00, while 7-day volatility ratio is 7.80% and 13.70% in the 30-day chart. Further, Aurora Cannabis Inc (ACB) has a beta value of 1.94, and an average true range (ATR) of 0.89.
If we refocus on Aurora Cannabis Inc (NASDAQ:ACB), historical trading data shows that trading volumes averaged 7.49 million over the past 3 months. The company’s latest data on shares outstanding shows there are 34.53 million shares.
The 1.50% of Aurora Cannabis Inc’s shares are in the hands of company insiders while institutional holders own 41.54% of the company’s shares. Current price change has pushed the stock 43.01% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ACB stock continues to rise going into the next quarter.
