Aurora Cannabis Inc (NASDAQ:ACB) shares, rose in value, with the stock price up by 6.70% to the previous day’s close as strong demand from buyers drove the stock to $4.71.
Actively observing the price movement in the recent trading, the stock is buoying the session at $4.41, falling within a range of $4.41 and $4.74. The value of beta (5-year monthly) is 2.487 whereas the PE ratio is 29.86 over 12-month period. Referring to stock’s 52-week performance, its high was $9.35, and the low was $3.42. On the whole, ACB has fluctuated by -14.99% over the past month.
With the market capitalization of Aurora Cannabis Inc currently standing at about $258.24 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-04.
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 50% Sell 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 50% Sell.
The stock’s technical analysis shows that the price of ACB currently trading nearly 2.81% and -1.87% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 50.10, while the 7-day volatility ratio is showing 6.50% which for the 30-day chart, stands at 6.06%. Furthermore, Aurora Cannabis Inc (ACB)’s beta value is 1.64, and its average true range (ATR) is 0.30.
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 6.70% in today’s session so far, and over the past year, it grew by 13.66%%.
Data on historical trading for Aurora Cannabis Inc (NASDAQ:ACB) indicates that the trading volumes over the past 10 days have averaged 1.05 and over the past 3 months, they’ve averaged 2.92 million. According to company’s latest data on outstanding shares, there are 54.88 million shares outstanding.
Nearly 0.40% of Aurora Cannabis Inc’s shares belong to company insiders and institutional investors own 9.72% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.32 million shares as on 2025-03-14, resulting in a short ratio of 2.92. The stock has risen by 10.72% 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.
