Aurora Cannabis Inc (NASDAQ:ACB) shares, rose in value on Friday, May 09, with the stock price up by 2.11% to the previous day’s close as strong demand from buyers drove the stock to $4.85.
Actively observing the price movement in the last trading, the stock closed the session at $4.75. The PE ratio was 30.77 over 12-month period. Referring to stock’s 52-week performance, its high was $8.14, and the low was $3.42. On the whole, ACB has fluctuated by 13.85% over the past month.
With the market capitalization of Aurora Cannabis Inc currently standing at about $266.17 million, investors are eagerly awaiting this quarter’s results, scheduled for in June.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 342.24M, with a low estimate of 87M and a high estimate of 92.6M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 88.85M.
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 Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a Hold.
The stock’s technical analysis shows that the price of ACB currently trading nearly 6.61% and 7.92% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 58.94, while the 7-day volatility ratio is showing 3.65% which for the 30-day chart, stands at 5.22%. Furthermore, Aurora Cannabis Inc (ACB)’s beta value is 1.80, and its average true range (ATR) is 0.25.
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 2.11% in last session, and over the past year, it shrunk by -27.18%%.
Data on historical trading for Aurora Cannabis Inc (NASDAQ:ACB) indicates that the trading volumes over the past 3 months, they’ve averaged 1.40 million. According to company’s latest data on outstanding shares, there are 54.88 million shares outstanding.
Nearly 0.39% of Aurora Cannabis Inc’s shares belong to company insiders and institutional investors own 9.90% of the company’s shares. The stock has risen by 14.12% 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.
