The key reasons why Aurora Cannabis Inc (ACB) is -37.30% away from 52-week high?

Aurora Cannabis Inc (NASDAQ: ACB) started the day on Wednesday, with a price increase of 44.06% at $7.21, before settling in for the price of $5.01 at the close. Taking a more long-term approach, ACB posted a 52-week range of $2.84-$11.50.

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The Healthcare Sector giants’ yearly sales growth during the last 5-year period was 64.52%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 75.33%. This publicly-traded company’s shares outstanding now amounts to $34.53 million, simultaneously with a float of $15.49 million. The organization now has a market capitalization sitting at $113.41 million. At the time of writing, stock’s 50-day Moving Average stood at $3.78, while the 200-day Moving Average is $4.89.

Aurora Cannabis Inc (ACB) Ownership Facts and Figures

Now let’s turn our focus to how large-scale investors are working with this stock of the Drug Manufacturers – Specialty & Generic Industry. Aurora Cannabis Inc’s current insider ownership accounts for 1.50%, in contrast to 25.79% institutional ownership.

Aurora Cannabis Inc (ACB) Earnings and Revenue Records

In the latest quarterly report released, which was put into the public domain on 12/30/2023, the organization reported -$0.37 earnings per share (EPS) for the three months, lower than the consensus estimate (set at -$0.07) by -$0.3. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.2 per share during the current fiscal year.

Aurora Cannabis Inc’s EPS increase for this current 12-month fiscal period is 75.33% and is forecasted to reach -0.24 in the upcoming year.

Aurora Cannabis Inc (NASDAQ: ACB) Trading Performance Indicators

Let’s observe the current performance indicators for Aurora Cannabis Inc (ACB). It’s Quick Ratio in the last reported quarter now stands at 2.45. The Stock has managed to achieve an average true range (ATR) of 0.64. Alongside those numbers, its PE Ratio stands at $0.80, and its Beta score is 2.33. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.56.

In the same vein, ACB’s Diluted EPS (Earnings per Share) trailing twelve months is recorded 9.07, a figure that is expected to reach -0.13 in the next quarter, and analysts are predicting that it will be -0.24 at the market close of one year from today.

Technical Analysis of Aurora Cannabis Inc (ACB)

If we take a close look at the recent performances of Aurora Cannabis Inc (NASDAQ: ACB), its last 5-days Average volume was 15.91 million that shows progress from its year to date volume of 2.69 million. During the previous 9 days, stock’s Stochastic %D was recorded 76.76% While, its Average True Range was 0.79.

Raw Stochastic average of Aurora Cannabis Inc (ACB) in the period of the previous 100 days is set at 96.04%, which indicates a major rise in contrast to 96.04% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 203.02% that was higher than 100.85% volatility it exhibited in the past 100-days period.