Aurora Cannabis Inc (NASDAQ: ACB) has a price-to-earnings ratio that is above its average at 0.74x. The stock has a 36-month beta value of 2.15. Opinions on the stock are mixed, 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 at present, short sellers hold a 52.56% of that float. On April 29, 2024, the average trading volume of ACB was 5.95M shares.
ACB) stock’s latest price update
Aurora Cannabis Inc (NASDAQ: ACB)’s stock price has gone decline by -0.15 in comparison to its previous close of 6.71, however, the company has experienced a 3.72% increase in its stock price over the last five trading days. MarijuanaStocks reported 2024-04-27 that The global cannabis industry and top marijuana stocks are poised for significant growth, driven by increasing legalization and medical use. Furthermore, experts predict a compound annual growth rate of over 20% for the next decade. Consequently, this expansion benefits top Canadian companies such as Canopy Growth, Aurora Cannabis, and Aphria. These firms lead the market in innovation and distribution. Therefore, investors should closely monitor these names, as they could capitalize on global trends.
ACB’s Market Performance
ACB’s stock has risen by 3.72% in the past week, with a monthly rise of 41.05% and a quarterly rise of 67.88%. The volatility ratio for the week is 11.29% while the volatility levels for the last 30 days are 17.49% for Aurora Cannabis Inc. The simple moving average for the past 20 days is 5.73% for ACB’s stock, with a 34.66% simple moving average for the past 200 days.
ACB Trading at 44.95% 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 -41.74% of loss for the given period.
Volatility was left at 17.49%, however, over the last 30 days, the volatility rate increased by 11.29%, as shares surge +52.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +67.92% upper at present.
During the last 5 trading sessions, ACB rose by +3.72%, which changed the moving average for the period of 200-days by +19.39% in comparison to the 20-day moving average, which settled at $6.45. In addition, Aurora Cannabis Inc saw 40.70% 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
To sum up, Aurora Cannabis Inc (ACB) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
