Aurora Cannabis Inc [ACB] stock prices are down -3.52% to $6.03 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The ACB shares have gain 65.21% over the last week, with a monthly amount glided 29.40%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Previously, Canaccord Genuity upgraded its rating to Buy on February 09, 2024. On September 21, 2022, upgrade upgraded it’s rating to Hold. Cantor Fitzgerald upgraded its rating to a Overweight. Stifel upgraded its rating to a Hold. MKM Partners upgraded its rating to Neutral for this stock on September 28, 2021. In a note dated September 03, 2021, Jefferies upgraded an Hold rating on this stock and revised its target price from $7.49 to $6.78.
The stock price of Aurora Cannabis Inc [ACB] has been fluctuating between $2.84 and $9.35 over the past year. 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 $6.03 at the most recent close of the market. An investor can expect a potential drop of -1.82% based on the average ACB price forecast.
Analyzing the ACB fundamentals
The Aurora Cannabis Inc [NASDAQ:ACB] reported sales of 233.51M for trailing twelve months, representing a surge of 33.35%. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at -0.16%, Pretax Profit Margin comes in at -0.2%, and Net Profit Margin reading is -0.23%. To continue investigating profitability, this company’s Return on Assets is posted at -0.05, Equity is -0.08 and Total Capital is -0.04. 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 5.74 points at the first support level, and at 5.46 for the second support level. However, for the 1st resistance point, the stock is sitting at 6.39, and for the 2nd resistance point, it is at 6.76.
Ratios To Look Out For
It’s worth pointing out that Aurora Cannabis Inc [NASDAQ:ACB]’s Current Ratio is 3.30. In addition, the Quick Ratio stands at 1.60 and the Cash Ratio stands at 0.91. Considering the valuation of this stock, the price to sales ratio is 1.42, the price to book ratio is 0.83 and price to earnings (TTM) ratio is 38.26.
