Aurora Cannabis Inc. [ACB] Is Currently 0.00 below its 200 Period Moving Avg: What Dose This Mean?

Aurora Cannabis Inc. [NASDAQ: ACB] slipped around 0.0 points on Monday, while shares priced at $6.63 at the close of the session, down 0.00%. The company report on September 8, 2021 that Aurora Cannabis to Host Fourth Quarter and Full Fiscal Year 2021 Investor Conference Call and Related Year End Informational Filings.

NASDAQ | TSX: ACB.

Aurora Cannabis Inc. (the “Company” or “Aurora”) (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, announced that it has scheduled a conference call to discuss the results for its fourth quarter and full fiscal year 2021 on Tuesday, September 21, 2021 at 5:00 p.m. Eastern Time | 3:00 p.m. Mountain Time. The Company will report its financial results for the fourth quarter and full fiscal year 2021 after the close of markets that same day.

Aurora Cannabis Inc. stock is now -20.22% down from its year-to-date (YTD) trading value. ACB Stock saw the intraday high of $6.73 and lowest of $6.46 per share. The company’s 52-week high price is 18.98, which means current price is +4.16% above from all time high which was touched on 02/10/21.

Compared to the average trading volume of 4.25M shares, ACB reached a trading volume of 5248261 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Aurora Cannabis Inc. [ACB]?

Jefferies have made an estimate for Aurora Cannabis Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on September 03, 2021. The new note on the price target was released on May 14, 2021, representing the official price target for Aurora Cannabis Inc. stock.

The Average True Range (ATR) for Aurora Cannabis Inc. is set at 0.34, with the Price to Sales ratio for ACB stock in the period of the last 12 months amounting to 6.46. The Price to Book ratio for the last quarter was 0.59, with the Price to Cash per share for the same quarter was set at 1.83.

How has ACB stock performed recently?

Aurora Cannabis Inc. [ACB] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -10.28. With this latest performance, ACB shares dropped by -6.09% in over the last four-week period, additionally sinking by -40.48% over the last 6 months – not to mention a drop of -5.01% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ACB stock in for the last two-week period is set at 39.64, with the RSI for the last a single of trading hit 35.53, and the three-weeks RSI is set at 41.32 for Aurora Cannabis Inc. [ACB]. The present Moving Average for the last 50 days of trading for this stock 7.25, while it was recorded at 6.84 for the last single week of trading, and 9.21 for the last 200 days.

Aurora Cannabis Inc. [ACB]: Deeper insight into the fundamentals

Aurora Cannabis Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.90 and a Current Ratio set at 5.90.

Insider trade positions for Aurora Cannabis Inc. [ACB]

There are presently around $225 million, or 20.05% of ACB stock, in the hands of institutional investors. The top three institutional holders of ACB stocks are: ETF MANAGERS GROUP, LLC with ownership of 11,741,122, which is approximately 115.173% of the company’s market cap and around 0.14% of the total institutional ownership; VANGUARD GROUP INC, holding 5,846,785 shares of the stock with an approximate value of $38.76 million in ACB stocks shares; and MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., currently with $12.08 million in ACB stock with ownership of nearly 54.699% of the company’s market capitalization.

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98 institutional holders increased their position in Aurora Cannabis Inc. [NASDAQ:ACB] by around 11,550,158 shares. Additionally, 101 investors decreased positions by around 3,097,557 shares, while 113 investors held positions by with 19,320,087 shares. The mentioned changes placed institutional holdings at 33,967,802 shares, according to the latest SEC report filing. ACB stock had 34 new institutional investments in for a total of 1,583,810 shares, while 48 institutional investors sold positions of 1,042,414 shares during the same period.

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