Aurora Cannabis Inc (NASDAQ:ACB) price on current trading day, rose 14.06% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $4.95.
A look at the stock’s price movement, the level at last check in today’s session was $4.34, moving within a range at $4.33 and $5.02. The beta value (5-Year monthly) was 2.487 while the PE ratio in trailing twelve months stood at 31.41. Turning to its 52-week performance, $9.35 and $3.42 were the 52-week high and 52-week low respectively. Overall, ACB moved -14.51% over the past month.
Aurora Cannabis Inc’s market cap currently stands at around $271.66 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-04.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ACB is a 50% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
7 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 5 analyst(s) rate the stock as a Hold, 2 recommend ACB as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ACB’s current price about 2.30% and 3.70% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 52.98, while 7-day volatility ratio is 4.36% and 6.11% in the 30-day chart. Further, Aurora Cannabis Inc (ACB) has a beta value of 1.65, and an average true range (ATR) of 0.34. Analysts have given the company’s stock an average 52-week price target of $8, forecast between a low of $1 and high of $8.75322283. Looking at the price targets, the low is 79.8% off recent price level in today’s trading while to achieve the yearly target high, it has to move -76.83%. Nonetheless, investors will most likely welcome a -61.62% jump to $8 which is the analysts’ median price.
If we refocus on Aurora Cannabis Inc (NASDAQ:ACB), historical trading data shows that trading volumes averaged 0.83 over the past 10 days and 2.89 million over the past 3 months. The company’s latest data on shares outstanding shows there are 54.88 million shares.
The 0.40% of Aurora Cannabis Inc’s shares are in the hands of company insiders while institutional holders own 9.72% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.7 million on 2025-02-28, giving us a short ratio of 0.7. Current price change has pushed the stock 16.47% 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.
