At the time of writing, Aurora Cannabis Inc [ACB] stock is trading at $4.63, up 1.76%. An important factor to consider is whether the stock is rising or falling in short-term value. The ACB shares have gain 6.68% over the last week, with a monthly amount drifted -14.58%, 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.
For the past year, the stock price of Aurora Cannabis Inc fluctuated between $2.84 and $9.35. 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 $4.63 at the most recent close of the market. An investor can expect a potential return of 27.86% based on the average ACB price forecast.
Analyzing the ACB fundamentals
According to Aurora Cannabis Inc [NASDAQ:ACB], the company’s sales were 217.74M for trailing twelve months, which represents an 25.79% jump. 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 4.55 points at the first support level, and at 4.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.68, and for the 2nd resistance point, it is at 4.72.
Ratios To Look Out For
It is important to note that Aurora Cannabis Inc [NASDAQ:ACB] has a current ratio of 3.83. On the other hand, the Quick Ratio is 1.88, and the Cash Ratio is 0.91. Considering the valuation of this stock, the price to sales ratio is 1.17, the price to book ratio is 0.63.
