In the past week, ACB stock has gone up by 0.60%, with a monthly decline of -4.53% and a quarterly surge of 73.71%. The volatility ratio for the week is 22.16%, and the volatility levels for the last 30 days are 16.24% for Aurora Cannabis Inc The simple moving average for the last 20 days is -0.40% for ACB’s stock, with a simple moving average of 34.20% for the last 200 days.
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 0.74x compared to its average ratio. ACB has 36-month beta value of 1.98. Analysts have mixed views 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 52.56% ratio of that float. The average trading volume of ACB on May 06, 2024 was 7.26M shares.
ACB) stock’s latest price update
Aurora Cannabis Inc (NASDAQ: ACB)’s stock price has gone decline by -3.30 in comparison to its previous close of 6.97, however, the company has experienced a 0.60% increase in its stock price over the last five trading days. Seeking Alpha reported 2024-05-03 that The proposed rescheduling of cannabis is the biggest step forward for the industry in decades.
ACB Trading at 35.34% 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 -41.39% of loss for the given period.
Volatility was left at 16.24%, however, over the last 30 days, the volatility rate increased by 22.16%, as shares surge +1.66% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +108.02% upper at present.
During the last 5 trading sessions, ACB rose by +0.60%, which changed the moving average for the period of 200-days by +26.69% in comparison to the 20-day moving average, which settled at $6.77. In addition, Aurora Cannabis Inc saw 41.54% 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 0.42. 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 put it simply, Aurora Cannabis Inc (ACB) has had a better performance in recent times. Analysts have a mixed opinion on the stock, with some rating 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.
