A major move is in the offing as Aurora Cannabis Inc. (ACB) market cap hits 364.50 million

Aurora Cannabis Inc. (NASDAQ: ACB) on June 22, 2022, started off the session at the price of $1.34, plunging -4.44% from the previous trading day. During the day, the shares moved up to $1.40 and dropped to $1.29 before settling in for the closing price of $1.35. Within the past 52 weeks, ACB’s price has moved between $1.21 and $9.54.

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Healthcare Sector giant saw their annual sales surged by 179.40% over the last five years. The company achieved an average annual earnings per share of 87.70%. With a float of $214.63 million, this company’s outstanding shares have now reached $214.66 million.

The firm has a total of 1643 workers. Let’s measure their productivity. In terms of profitability, gross margin is -73.36, operating margin of -157.48, and the pretax margin is -285.13.

Aurora Cannabis Inc. (ACB) Insider Activity

Observing investor behavior towards Drug Manufacturers – Specialty & Generic industry stocks is more important than anything else. The insider ownership of Aurora Cannabis Inc. is 0.04%, while institutional ownership is 18.28%.

Aurora Cannabis Inc. (ACB) Earnings and Forecasts

As on 12/30/2021, Multinational firm has announced its last quarter scores, in which it reported -$0.3 earnings per share (EPS) for the period falling under the consensus outlook (set at -$0.21) by -$0.09. This company achieved a net margin of -282.16 while generating a return on equity of -33.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.18 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 87.70% per share during the next fiscal year.

Aurora Cannabis Inc. (NASDAQ: ACB) Trading Performance Indicators

Aurora Cannabis Inc. (ACB) is currently performing well based on its current performance indicators. A quick ratio of 4.80 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.61.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -5.80, a number that is poised to hit -0.20 in the next quarter and is forecasted to reach -0.44 in one year’s time.

Technical Analysis of Aurora Cannabis Inc. (ACB)

Analysing the last 5-days average volume posted by the [Aurora Cannabis Inc., ACB], we can find that recorded value of 9.21 million was better than the volume posted last year of 8.61 million. As of the previous 9 days, the stock’s Stochastic %D was 23.70%. Additionally, its Average True Range was 0.19.

During the past 100 days, Aurora Cannabis Inc.’s (ACB) raw stochastic average was set at 2.17%, which indicates a significant decrease from 17.39% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 86.98% in the past 14 days, which was lower than the 115.14% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $2.4748, while its 200-day Moving Average is $4.7868. Now, the first resistance to watch is $1.3633. This is followed by the second major resistance level at $1.4367. The third major resistance level sits at $1.4733. If the price goes on to break the first support level at $1.2533, it is likely to go to the next support level at $1.2167. Should the price break the second support level, the third support level stands at $1.1433.

Aurora Cannabis Inc. (NASDAQ: ACB) Key Stats

Market capitalization of the company is 364.50 million based on 226,797K outstanding shares. Right now, sales total 191,440 K and income totals -542,590 K. The company made 39,820 K in profit during its latest quarter, and -799,220 K in sales during its previous quarter.


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