Aurora Cannabis Inc. [ACB] stock is trading at $1.11, up 6.73%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ACB shares have gain 5.71% over the last week, with a monthly amount drifted -22.38%, and not seem to be holding up well over a long-time horizon.
On 17, October 2022, Aurora Announces Unprecedented Fall Product Release Across Adult-Use and Medical Markets. In a post published today on Yahoo Finance, Aurora medical patients now have expanded access to company’s full portfolio of adult-use cannabis brands.
From an analyst’s perspective:
Aurora Cannabis Inc. [NASDAQ: ACB] stock has seen the most recent analyst activity on September 21, 2022, when Canaccord Genuity upgraded its rating to a Hold. Previously, Cantor Fitzgerald upgraded its rating to Overweight on June 24, 2022. On June 06, 2022, upgrade upgraded it’s rating to Hold. MKM Partners upgraded its rating to a Neutral. Jefferies upgraded its rating to a Hold and reduced its price target to $6.78 on September 03, 2021. BMO Capital Markets upgraded its rating to Market Perform for this stock on May 14, 2021. In a note dated May 14, 2021, Canaccord Genuity downgraded an Sell rating on this stock.
Aurora Cannabis Inc. [ACB] stock has fluctuated between $0.98 and $8.69 over the past year. Currently, Wall Street analysts expect the stock to reach $1.70 within the next 12 months. Aurora Cannabis Inc. [NASDAQ: ACB] shares were valued at $1.11 at the most recent close of the market. An investor can expect a potential return of 53.15% based on the average ACB price forecast.
Analyzing the ACB fundamentals
Aurora Cannabis Inc. [NASDAQ:ACB] reported sales of 50.43 billion for the most recent quarter, which represents a drop of -8.10%. A company’s income per employee is -$392,966 while it generates $139,269 in revenue per employee. Gross Margin for this corporation currently stands at -73.36% with Operating Margin at -157.48%, Pretax Margin comes in at -285.13%, and Net Margin reading is -282.16%. To continue investigating profitability, this company’s Return on Assets is posted at -24.46, Equity is -33.04, Total Capital is -15.16, and Invested Capital is -28.10. An extended look at the Principal structure reveals enduring liabilities to the total capital of 16.39 and enduring liabilities to assets of 14.66.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 1.0700 points at the first support level, and at 1.0300 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.1500, and for the 2nd resistance point, it is at 1.1900.
Aurora Cannabis Inc. [ACB] reported earnings per share of -$3.63 for its fiscal quarter that ended on 3/30/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.18/share, meaning a difference of -$3.45 and a surprise factor of -1,916.70%. By comparison, the stated earnings for the previous quarter ended on 12/30/2021 were -$0.3 per share as compared to estimates of -$0.21 per share, a difference of -$0.09 representing a surprise of -42.90%.
Ratios To Look Out For
For context, Aurora Cannabis Inc.’s Current Ratio is 5.10. As well, the Quick Ratio is 4.54, while the Cash Ratio is 3.37. Considering the valuation of this stock, the price to sales ratio is 7.74, the price to book ratio is 1.09.