Aurora Cannabis Inc (NASDAQ: ACB)’s stock price has gone decline by -3.37 in comparison to its previous close of 6.83, however, the company has experienced a -0.45% decrease in its stock price over the last five trading days. The Motley Fool reported 2024-04-09 that Tilray reported weaker-than-expected sales growth and a big GAAP loss this morning. Competing marijuana stocks are suffering, too.
Is It Worth Investing in Aurora Cannabis Inc (NASDAQ: ACB) Right Now?
Aurora Cannabis Inc (NASDAQ: ACB) has a higher price-to-earnings ratio of 0.73x compared to its average ratio, The 36-month beta value for ACB is at 2.27. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ACB is 15.49M, and currently, shorts hold a 24.68% of that float. The average trading volume for ACB on April 15, 2024 was 5.00M shares.
ACB’s Market Performance
ACB’s stock has seen a -0.45% decrease for the week, with a 122.22% rise in the past month and a 46.67% gain in the past quarter. The volatility ratio for the week is 17.82%, and the volatility levels for the past 30 days are at 19.52% for Aurora Cannabis Inc The simple moving average for the last 20 days is 31.20% for ACB’s stock, with a simple moving average of 34.03% for the last 200 days.
ACB Trading at 60.41% 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 -42.61% of loss for the given period.
Volatility was left at 19.52%, however, over the last 30 days, the volatility rate increased by 17.82%, as shares surge +128.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +73.64% upper at present.
During the last 5 trading sessions, ACB fell by -0.45%, which changed the moving average for the period of 200-days by +23.90% in comparison to the 20-day moving average, which settled at $5.22. In addition, Aurora Cannabis Inc saw 38.60% 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 0.41. 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
In conclusion, Aurora Cannabis Inc (ACB) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
