Aurora Cannabis Inc [ACB] stock prices are up 2.55% to $5.63 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ACB shares have lost -7.70% over the last week, with a monthly amount glided 12.60%, 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 a 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 $3.42 and $6.91 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 $5.63 at the most recent close of the market. An investor can expect a potential return of 5.15% based on the average ACB price forecast.
Analyzing the ACB fundamentals
The Aurora Cannabis Inc [NASDAQ:ACB] reported sales of 256.47M for trailing twelve months, representing a surge of 16.16%. Gross Profit Margin for this corporation currently stands at 0.55% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.0 and Total Capital is 0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.18.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance.
Ratios To Look Out For
It’s worth pointing out that Aurora Cannabis Inc [NASDAQ:ACB]’s Current Ratio is 2.97. On the other hand, the Quick Ratio is 1.51, and the Cash Ratio is 1.24. Considering the valuation of this stock, the price to sales ratio is 1.24, the price to book ratio is 0.78.
