At the time of writing, Aurora Cannabis Inc [ACB] stock is trading at $4.20, down -5.41%. An important factor to consider is whether the stock is rising or falling in short-term value. The ACB shares have lost -1.87% over the last week, with a monthly amount drifted -8.10%, and not 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.
For the past year, the stock price of Aurora Cannabis Inc fluctuated between $3.42 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 $4.20 at the most recent close of the market. An investor can expect a potential return of 40.95% based on the average ACB price forecast.
Analyzing the ACB fundamentals
According to Aurora Cannabis Inc [NASDAQ:ACB], the company’s sales were 233.51M for trailing twelve months, which represents an 33.35% jump. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at -0.11%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.26%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.06 and Total Capital is -0.02. 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 4.08 points at the first support level, and at 3.97 for the second support level. However, for the 1st resistance point, the stock is sitting at 4.37, and for the 2nd resistance point, it is at 4.55.
Ratios To Look Out For
It is important to note that Aurora Cannabis Inc [NASDAQ:ACB] has a current ratio of 3.30. On the other hand, the Quick Ratio is 1.60, and the Cash Ratio is 0.91. Considering the valuation of this stock, the price to sales ratio is 0.99, the price to book ratio is 0.58 and price to earnings (TTM) ratio is 26.65.
