Aurora Cannabis Inc. [ACB] is 6.47% higher this YTD. Is it still time to buy?

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Aurora Cannabis Inc. [NASDAQ: ACB] price surged by 4.54 percent to reach at $0.25. The company report on January 4, 2022 that Aurora Cannabis Delivers ~$10 Million Shipment of Medical Cannabis to Israel.

NASDAQ | TSX: ACB.


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• Believed to be the largest shipment of medical cannabis to Israel to-date • Aurora continues to advance strategic leadership in the global cannabinoid industry.

A sum of 9238549 shares traded at recent session while its average daily volume was at 5.13M shares. Aurora Cannabis Inc. shares reached a high of $5.835 and dropped to a low of $5.41 until finishing in the latest session at $5.76.

The one-year ACB stock forecast points to a potential upside of 13.64. The average equity rating for ACB stock is currently 3.50, trading closer to a bullish pattern in the stock market.

Guru’s Opinion on Aurora Cannabis Inc. [ACB]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ACB shares is $6.67 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ACB stock is a recommendation set at 3.50. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

MKM Partners have made an estimate for Aurora Cannabis Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 28, 2021. While these analysts kept the previous recommendation, Jefferies dropped their target price from $7.49 to $6.78. The new note on the price target was released on September 03, 2021, representing the official price target for Aurora Cannabis Inc. stock.

The Average True Range (ATR) for Aurora Cannabis Inc. is set at 0.38, with the Price to Sales ratio for ACB stock in the period of the last 12 months amounting to 5.93. The Price to Book ratio for the last quarter was 0.56, with the Price to Cash per share for the same quarter was set at 1.53.

ACB Stock Performance Analysis:

Aurora Cannabis Inc. [ACB] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.17. With this latest performance, ACB shares dropped by -8.28% in over the last four-week period, additionally sinking by -31.18% over the last 6 months – not to mention a drop of -44.83% 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 47.13, with the RSI for the last a single of trading hit 51.02, and the three-weeks RSI is set at 45.73 for Aurora Cannabis Inc. [ACB]. The present Moving Average for the last 50 days of trading for this stock 6.42, while it was recorded at 5.57 for the last single week of trading, and 7.46 for the last 200 days.

Insight into Aurora Cannabis Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Aurora Cannabis Inc. [ACB] shares currently have an operating margin of -157.48 and a Gross Margin at -73.36. Aurora Cannabis Inc.’s Net Margin is presently recorded at -282.16.

Return on Total Capital for ACB is now -15.16, given the latest momentum, and Return on Invested Capital for the company is -28.10. Return on Equity for this stock declined to -33.04, with Return on Assets sitting at -24.46. When it comes to the capital structure of this company, Aurora Cannabis Inc. [ACB] has a Total Debt to Total Equity ratio set at 19.61. Additionally, ACB Total Debt to Total Capital is recorded at 16.39, with Total Debt to Total Assets ending up at 14.66. Long-Term Debt to Equity for the company is recorded at 17.60, with the Long-Term Debt to Total Capital now at 14.71.

Reflecting on the efficiency of the workforce at the company, Aurora Cannabis Inc. [ACB] managed to generate an average of -$392,966 per employee. Receivables Turnover for the company is 4.44 with a Total Asset Turnover recorded at a value of 0.09.Aurora Cannabis Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.10 and a Current Ratio set at 5.40.

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Aurora Cannabis Inc. [ACB] Insider Position Details

There are presently around $197 million, or 19.78% 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 11,265,937, which is approximately -4.047% of the company’s market cap and around 0.03% of the total institutional ownership; VANGUARD GROUP INC, holding 6,034,462 shares of the stock with an approximate value of $34.76 million in ACB stocks shares; and MIRAE ASSET GLOBAL INVESTMENTS CO., LTD., currently with $10.38 million in ACB stock with ownership of nearly -1.096% of the company’s market capitalization.

Positions in Aurora Cannabis Inc. stocks held by institutional investors increased at the end of February and at the time of the February reporting period, where 108 institutional holders increased their position in Aurora Cannabis Inc. [NASDAQ:ACB] by around 4,312,185 shares. Additionally, 79 investors decreased positions by around 4,091,667 shares, while 120 investors held positions by with 25,775,967 shares. The mentioned changes placed institutional holdings at 34,179,819 shares, according to the latest SEC report filing. ACB stock had 46 new institutional investments in for a total of 1,528,092 shares, while 27 institutional investors sold positions of 944,225 shares during the same period.