A share price of Aurora Cannabis Inc [ACB] is currently trading at $5.85, down -1.85%. 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 4.28% over the last week, with a monthly amount drifted -13.97%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Aurora Cannabis Inc [NASDAQ: ACB] stock has seen the most recent analyst activity on February 09, 2024, when Canaccord Genuity upgraded its rating to a Buy. Previously, Canaccord Genuity upgraded its rating to Hold on September 21, 2022. On June 24, 2022, upgrade upgraded it’s rating to Overweight. Stifel upgraded its rating to a Hold. MKM Partners upgraded its rating to a Neutral. Jefferies upgraded its rating to Hold for this stock on September 03, 2021, and downed its price target to $6.78. In a note dated May 14, 2021, BMO Capital Markets upgraded an Market Perform rating on this stock.
Aurora Cannabis Inc experienced fluctuations in its stock price throughout the past year between $2.84 and $9.80. Currently, Wall Street analysts expect the stock to reach $5.92 within the next 12 months. Aurora Cannabis Inc [NASDAQ: ACB] shares were valued at $5.85 at the most recent close of the market. An investor can expect a potential return of 1.2% based on the average ACB price forecast.
Analyzing the ACB fundamentals
Trailing Twelve Months sales for Aurora Cannabis Inc [NASDAQ:ACB] were 205.54M which represents 9.04% growth. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at -0.39%, Pretax Profit Margin comes in at -2.69%, and Net Profit Margin reading is -2.7%. To continue investigating profitability, this company’s Return on Assets is posted at -0.79, Equity is -1.18 and Total Capital is -0.13. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.19.
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 5.72 points at the first support level, and at 5.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.04, and for the 2nd resistance point, it is at 6.22.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Aurora Cannabis Inc [NASDAQ:ACB] is 3.76. As well, the Quick Ratio is 2.03, while the Cash Ratio is 0.91. Considering the valuation of this stock, the price to sales ratio is 1.56, the price to book ratio is 0.78.
