A new trading day began on Friday, with Aurora Cannabis Inc (NASDAQ: ACB) stock price up 1.64% from the previous day of trading, before settling in for the closing price of $5.50. ACB’s price has ranged from $2.84 to $9.35 over the past 52 weeks.
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A company in the Healthcare sector has jumped its sales by 1.89% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 72.87%. With a float of $54.43 million, this company’s outstanding shares have now reached $54.55 million.
In an organization with 1073 employees, it is important to assess its efficiency. 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 Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Drug Manufacturers – Specialty & Generic Industry. The insider ownership of Aurora Cannabis Inc is 0.42%, while institutional ownership is 7.68%.
Aurora Cannabis Inc (ACB) Performance Highlights and Predictions
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 0 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). 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
Here are Aurora Cannabis Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 2.03. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.49.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 0.53 million. That was inferior than the volume of 3.21 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 80.42%. Additionally, its Average True Range was 0.22.
During the past 100 days, Aurora Cannabis Inc’s (ACB) raw stochastic average was set at 41.24%, which indicates a significant decrease from 60.81% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 44.61% in the past 14 days, which was lower than the 59.53% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.89, while its 200-day Moving Average is $5.41. However, in the short run, Aurora Cannabis Inc’s stock first resistance to watch stands at $5.66. Second resistance stands at $5.72. The third major resistance level sits at $5.79. If the price goes on to break the first support level at $5.53, it is likely to go to the next support level at $5.46. Assuming the price breaks the second support level, the third support level stands at $5.40.
Aurora Cannabis Inc (NASDAQ: ACB) Key Stats
With a market capitalization of 305.55 million, the company has a total of 54,546K Shares Outstanding. Currently, annual sales are 200,360 K while annual income is -48,620 K. The company’s previous quarter sales were 60,970 K while its latest quarter income was 4,760 K.
