We Analyzed the Future Direction of Aurora Cannabis Inc. (ACB), Here is What We Found


Aurora Cannabis Inc. (NYSE:ACB) went up by 0.71% from its latest closing price compared to the recent 1-year high of $39.00. The company’s stock price has collected 1.14% of gains in the last five trading sessions. Press Release reported 11 hours ago that SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Aurora Cannabis Inc. of a Class Action Lawsuit and a Lead Plaintiff Deadline of December 1, 2020 – ACB

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Is It Worth Investing in Aurora Cannabis Inc. (NYSE :ACB) Right Now?

Aurora Cannabis Inc. (NYSE:ACB) scored a price-to-earnings ratio above its average ratio, recording 32.73 x from its present earnings ratio. Opinions of the stock are interesting as 0 analysts out of 19 who provided ratings for Aurora Cannabis Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 14 rated it as “hold,” and 4 as “sell.”

The average price from analysts is $8.01. ACB currently public float of 160.05M and currently shorts hold a 14.98% ratio of that float. Today, the average trading volume of ACB was 25.99M shares.

ACB’s Market Performance

ACB stocks went up by 1.14% for the week, with a monthly jump of 45.77% and a quarterly performance of -24.87%, while its annual performance rate touched -77.68%. The volatility ratio for the week stands at 8.82% while the volatility levels for the past 30 days are set at 15.44% for Aurora Cannabis Inc.. The simple moving average for the period of the last 20 days is 15.62% for ACB stocks with a simple moving average of -31.45% for the last 200 days.

Analysts’ Opinion of ACB

Many brokerage firms have already submitted their reports for ACB stocks, with Jefferies repeating the rating for ACB by listing it as a “Underperform.” The predicted price for ACB in the upcoming period, according to Jefferies is $3.75 based on the research report published on November 16th of the current year 2020.

ACB Trading at 24.30% from the 50-Day Moving Average

After a stumble in the market that brought ACB to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -81.87% of loss for the given period.

Volatility was left at 15.44%, however, over the last 30 days, the volatility rate increased by 8.82%, as shares surge +45.77% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -4.72% lower at present.

During the last 5 trading sessions, ACB rose by +1.14%, which changed the moving average for the period of 200-days by -70.56% in comparison to the 20-day moving average, which settled at $6.23. In addition, Aurora Cannabis Inc. saw -72.72% in overturn over a single year, with a tendency to cut further losses.

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