Aurora Cannabis Inc (NASDAQ: ACB)’s stock price has decreased by -1.05 compared to its previous closing price of 4.78. However, the company has seen a -22.59% decrease in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-11 that Aurora Cannabis dropped over 10%, along with the broader cannabis market, due to concerns over U.S. election results. Despite this, Aurora has no U.S. cannabis operations and is unaffected. Aurora reported robust revenue growth, with a 29% YoY increase, driven by a 93% rise in international medical cannabis sales. The company re-affirmed positive free cash flow expectations for Q3 and demonstrated strong spending discipline, maintaining positive adjusted EBITDA for the 8th consecutive quarter.
Is It Worth Investing in Aurora Cannabis Inc (NASDAQ: ACB) Right Now?
ACB has 36-month beta value of 1.88. Analysts have mixed views on the stock, with 2 analysts rating it as a “buy,” 2 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ACB is 54.43M, and currently, short sellers hold a 4.82% ratio of that float. The average trading volume of ACB on November 13, 2024 was 1.03M shares.
ACB’s Market Performance
ACB stock saw a decrease of -22.59% in the past week, with a monthly decline of -15.84% and a quarterly a decrease of -31.15%. The volatility ratio for the week is 9.46%, and the volatility levels for the last 30 days are 6.58% for Aurora Cannabis Inc (ACB). The simple moving average for the last 20 days is -14.68% for ACB stock, with a simple moving average of -14.09% for the last 200 days.
ACB Trading at -15.35% 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 -49.41% of loss for the given period.
Volatility was left at 6.58%, however, over the last 30 days, the volatility rate increased by 9.46%, as shares sank -13.84% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -19.01% lower at present.
During the last 5 trading sessions, ACB fell by -22.59%, which changed the moving average for the period of 200-days by +15.70% in comparison to the 20-day moving average, which settled at $5.54. In addition, Aurora Cannabis Inc saw -0.67% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ACB
Current profitability levels for the company are sitting at:
- -0.39 for the present operating margin
- 0.45 for the gross margin
The net margin for Aurora Cannabis Inc stands at -2.7. The total capital return value is set at -0.13. Equity return is now at value -5.53, with -3.56 for asset returns.
Based on Aurora Cannabis Inc (ACB), the company’s capital structure generated 0.16 points at debt to capital in total, while cash flow to debt ratio is standing at -0.8. The debt to equity ratio resting at 0.19. The interest coverage ratio of the stock is -4.07.
Currently, EBITDA for the company is 20.47 million with net debt to EBITDA at 0.21. When we switch over and look at the enterprise to sales, we see a ratio of 1.43. The receivables turnover for the company is 5.41for trailing twelve months and the total asset turnover is 0.29. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.83.
Conclusion
To put it simply, Aurora Cannabis Inc (ACB) has had a bad performance in recent times. Analysts have a bullish 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.
