The stock of Aurora Cannabis Inc (NASDAQ: ACB) has decreased by -6.09 when compared to last closing price of 7.06. Despite this, the company has experienced a 51.03% gain in its stock price over the last five trading sessions. Schaeffers Research reported 2024-04-04 that Depending on who you ask, a recession is either right around the corner or the stock market is ready to rattle off a seismic bull run.
Is It Worth Investing in Aurora Cannabis Inc (NASDAQ: ACB) Right Now?
The price-to-earnings ratio for Aurora Cannabis Inc (NASDAQ: ACB) is 0.73x, which is above its average ratio. Moreover, the 36-month beta value for ACB is 2.22. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ACB is 15.49M and currently, short sellers hold a 24.68% of that float. On April 08, 2024, ACB’s average trading volume was 3.77M shares.
ACB’s Market Performance
ACB’s stock has seen a 51.03% increase for the week, with a 122.48% rise in the past month and a 39.46% gain in the past quarter. The volatility ratio for the week is 29.45%, and the volatility levels for the past 30 days are at 16.79% for Aurora Cannabis Inc The simple moving average for the past 20 days is 61.36% for ACB’s stock, with a 35.37% simple moving average for the past 200 days.
ACB Trading at 72.58% 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 -42.35% of loss for the given period.
Volatility was left at 16.79%, however, over the last 30 days, the volatility rate increased by 29.45%, as shares surge +116.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +71.76% upper at present.
During the last 5 trading sessions, ACB rose by +51.03%, which changed the moving average for the period of 200-days by +18.39% in comparison to the 20-day moving average, which settled at $4.29. In addition, Aurora Cannabis Inc saw 39.23% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ACB
Current profitability levels for the company are sitting at:
- -0.46 for the present operating margin
- 0.33 for the gross margin
The net margin for Aurora Cannabis Inc stands at -0.7. The total capital return value is set at -0.16. Equity return is now at value 78.60, with 45.95 for asset returns.
Based on Aurora Cannabis Inc (ACB), the company’s capital structure generated 0.17 points at debt to capital in total, while cash flow to debt ratio is standing at -0.84. The debt to equity ratio resting at 0.2. The interest coverage ratio of the stock is -4.55.
Currently, EBITDA for the company is -210.74 million with net debt to EBITDA at 0.56. When we switch over and look at the enterprise to sales, we see a ratio of 0.4. The receivables turnover for the company is 5.78for trailing twelve months and the total asset turnover is 0.31. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.79.
Conclusion
To wrap up, the performance of Aurora Cannabis Inc (ACB) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
