The trading price of Aurora Cannabis Inc (NASDAQ:ACB) closed lower on Monday, March 03, and closing at $4.85, -4.90% lower than its previous close.
The company’s P/E ratio in the trailing 12-month period was 30.77. In examining the 52-week price action we see that the stock hit a 52-week high of $9.35 and a 52-week low of $2.84. Over the past month, the stock has gained 26.96% in value.
Aurora Cannabis Inc, whose market valuation is $266.17 million at the time of this writing, is expected to release its quarterly earnings report in April. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest ACB has a 50% Buy 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 100% Sell.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned ACB a recommendation rating is 7. Out of them, 5 rate it a Hold, while 2 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Aurora Cannabis Inc (ACB) as Underweight, while 0 advise Sell. Analysts have rated the stock Hold, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that ACB’s price is currently -13.58% off the SMA20 and 2.77% off the SMA50. The RSI metric on the 14-day chart is currently showing 43.73, and weekly volatility stands at 7.55%. When measured over the past 30 days, the indicator reaches 9.43%. Aurora Cannabis Inc (NASDAQ:ACB)’s beta value is currently sitting at 1.71, while the Average True Range indicator is currently displaying 0.42. With analysts defining $1-$8.75322283 as the low and high price targets, we arrive at a consensus price target of $8 for the trailing 12-month period. The current price is about 79.38% off the estimated low and -80.48% off the forecast high, based on this estimate. Investors will be thrilled if ACB’s share price rises to $8, which is the median consensus price. At that level, ACB’s share price would be -64.95% below current price.
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 -4.90% in the latest trading, and 50.15% in the past year. Aurora Cannabis Inc has a P/E ratio of 30.77.
An evaluation of the daily trading volume of Aurora Cannabis Inc (NASDAQ:ACB) indicates that the 3-month average is 2.73 million.
Currently, records show that 54.88 million of the company’s shares remain outstanding. The insiders hold 0.40% of outstanding shares, whereas institutions hold 9.73%. However, since the stock’s price has seen 14.12% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
