Aurora Cannabis Inc (NASDAQ:ACB) traded at $7.13 at close of the session on Tuesday, May 21, made a downward move of -3.65% on its previous day’s price.
Looking at the stock we see that its previous close was $7.40 . The company has a trailing 12-month PE ratio of 0.79. In terms of its 52-week price range, ACB has a high of $11.50 and a low of $2.84. The company’s stock has gained about 13.54% over that past 30 days.
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Aurora Cannabis Inc has a market cap of $112.15 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.17, with the EPS growth for the year raised at -$0.92 for 2024 and -$0.32 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $51.79 million, with a low of $50.77 million and a high of $53.52 million. The median projection represents growth squeezing down to 10.50% compared to sales growth for the corresponding quarter a year ago.
On the other hand, looking at the outlook for the ACB stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 50% Buy.
Looking further, we note the current price level is 1.26% off its SMA20 and 21.18% from its 50-day simple moving average. The RSI (14) is pointing at 53.87 while the volatility over the past week is 8.13% and jumps to 12.14% over the past one month. The beta value is 1.91, while the average true range (ATR) is currently pointing at 0.75.
Coming back to Aurora Cannabis Inc (NASDAQ:ACB), we note that the average 3-month trading volume was 7.87 million. Current shares outstanding are 34.53 million.
The insiders hold 1.50% of the company’s shares while institutions hold 45.17%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 49.73% up in year-to-date price movement.
