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Date: 2023-01-13 20:35:50
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Aurora Cannabis Inc. (NASDAQ:ACB)’s traded shares stood at 7.14 million during the last session, with the company’s beta value hitting 3.01. At the close of trading, the stock’s price was $0.96, to imply an increase of 7.96% or $0.07 in intraday trading. The ACB share’s 52-week high remains $6.03, putting it -528.13% down since that peak but still an impressive 14.58% since price per share fell to its 52-week low of $0.82. The company has a valuation of $397.90M, with an average of 6.68 million shares in intraday trading volume over the past 10 days and average of 11.61 million shares over the past 3 months.
Analysts have given a consensus recommendation of a Hold for Aurora Cannabis Inc. (ACB), translating to a mean rating of 2.90. Of 12 analyst(s) looking at the stock, 0 analyst(s) give ACB a Sell rating. 1 of those analysts rate the stock as Overweight while 10 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -$0.09.
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After registering a 7.96% upside in the last session, Aurora Cannabis Inc. (ACB) has traded red over the past five days. The stock hit a weekly high of 0.9585 this Thursday, 01/12/23, jumping 7.96% in its intraday price action. The 5-day price performance for the stock is 6.75%, and -15.35% over 30 days. With these gigs, the year-to-date price performance is 3.67%. Short interest in Aurora Cannabis Inc. (NASDAQ:ACB) saw shorts transact 33.25 million shares and set a 2.73 days time to cover.
Analysts on Wall Street suggest a consensus price target of $1.39, implying an increase of 30.94% to the stock’s current value. The extremes give us $0.91 and $2.26 for target low and target high price respectively. As such, ACB has been trading -135.42% off suggested target high and 5.21% from its likely low.
Looking at statistics comparing Aurora Cannabis Inc. share performance against respective industry, we note that the company has outperformed competitors. Aurora Cannabis Inc. (ACB) shares are -35.37% down over the last 6 months, with its year-to-date growth rate higher than industry average at 81.22% against 1.90%. Revenue is forecast to shrink -80.00% this quarter before jumping 73.30% for the next one. The rating firms project that company’s revenue will shrink -0.60% compared to the previous financial year.
Revenue forecast for the current quarter as set by 10 analysts is $39.12 million. Meanwhile, for the quarter ending Dec 2022, a total of 10 analyst(s) estimate revenue growth to $43.41 million.
Aurora Cannabis Inc. has its next earnings report out between February 08 and February 13. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Aurora Cannabis Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Aurora Cannabis Inc. insiders hold 0.08% of total outstanding shares, with institutional holders owning 23.72% of the shares at 23.74% float percentage. In total, 23.72% institutions holds shares in the company, led by ETF Managers Group, LLC. As of Jun 29, 2022, the company held over 10.53 million shares (or 3.50% of shares), all amounting to roughly $13.9 million.
The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 7.12 million shares, or about 2.37% of shares outstanding. As of the market price on Jun 29, 2022, these shares were worth $9.4 million.
We also have ETF Managers Tr-EFTMG Alternative Harvest ETF and Global X Fds-The Global X Cannabis ETF as the top two Mutual Funds with the largest holdings of the Aurora Cannabis Inc. (ACB) shares. Going by data provided on Jun 29, 2022, ETF Managers Tr-EFTMG Alternative Harvest ETF holds roughly 10.53 million shares. This is just over 3.50% of the total shares, with a market valuation of $13.9 million. Data from the same date shows that the other fund manager holds a little less at 3.1 million, or 1.03% of the shares, all valued at about 3.78 million.
Original Source: https://marketingsentinel.com/2023/01/13/aurora-cannabis-inc-nasdaq-acb-stock-dropped-15-35-over-a-month-any-room-to-run/