On Tuesday, Aurora Cannabis Inc (NASDAQ: ACB) opened lower -6.76% from the last session, before settling in for the closing price of $6.80. Price fluctuations for ACB have ranged from $2.84 to $11.50 over the past 52 weeks.
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Annual sales at Healthcare sector company grew by 1.89% over the past five years. Company’s average yearly earnings per share was noted 72.87% at the time writing. With a float of $54.38 million, this company’s outstanding shares have now reached $54.55 million.
Let’s look at the performance matrix of the company that is accounted for 1073 employees. In terms of profitability, gross margin is 44.74%, operating margin of -39.19%, and the pretax margin is -268.51%.
Aurora Cannabis Inc (ACB) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Drug Manufacturers – Specialty & Generic industry is another important factor to consider. The insider ownership of Aurora Cannabis Inc is 0.30%, while institutional ownership is 7.54%.
Aurora Cannabis Inc (ACB) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0 earnings per share (EPS) for the quarter, besting the agreed prediction (set at -0.29) by 0.29. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.15 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 72.87% per share during the next fiscal year.
Aurora Cannabis Inc (NASDAQ: ACB) Trading Performance Indicators
Check out the current performance indicators for Aurora Cannabis Inc (ACB). In the past quarter, the stock posted a quick ratio of 2.03. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.68.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.48, a number that is poised to hit -0.08 in the next quarter and is forecasted to reach -0.09 in one year’s time.
Technical Analysis of Aurora Cannabis Inc (ACB)
Aurora Cannabis Inc (NASDAQ: ACB) saw its 5-day average volume 1.7 million, a negative change from its year-to-date volume of 3.85 million. As of the previous 9 days, the stock’s Stochastic %D was 54.30%. Additionally, its Average True Range was 0.43.
During the past 100 days, Aurora Cannabis Inc’s (ACB) raw stochastic average was set at 42.12%, which indicates a significant decrease from 59.05% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 87.12% in the past 14 days, which was lower than the 120.60% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.81, while its 200-day Moving Average is $5.20. Nevertheless, the first resistance level for the watch stands at $6.65 in the near term. At $6.97, the stock is likely to face the second major resistance level. The third major resistance level sits at $7.13. If the price goes on to break the first support level at $6.17, it is likely to go to the next support level at $6.01. The third support level lies at $5.69 if the price breaches the second support level.
Aurora Cannabis Inc (NASDAQ: ACB) Key Stats
There are currently 54,546K shares outstanding in the company with a market cap of 345.85 million. Presently, the company’s annual sales total 200,360 K according to its annual income of -48,620 K. Last quarter, the company’s sales amounted to 60,970 K and its income totaled 4,760 K.
