Aurora Cannabis Inc. [ACB] is -79.11% lower this YTD. Is it still time to buy?

Aurora Cannabis Inc. [NASDAQ: ACB] traded at a high on 12/09/22, posting a 0.89 gain after which it closed the day’ session at $1.13. The company report on December 9, 2022 that Aurora’s Greybeard Brand Wins KIND Magazine’s ‘Best Diamonds of the Year’ Award.

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Aurora Cannabis Inc. (the “Company” or “Aurora”) (NASDAQ: ACB) (TSX: ACB), the Canadian company defining the future of cannabinoids worldwide, is excited to announce its Greybeard Cannabis Co. brand has won KIND Magazine’s ‘Best Diamonds of the Year’ award, as voted by hundreds of budtenders, store managers and independent cannabis retail owners across Canada.

The results of the trading session contributed to over 8920746 shares changing hands. Over the past one week, the price volatility of Aurora Cannabis Inc. stands at 9.50% while the volatility over the past one month is 8.90%.

The market cap for ACB stock reached $453.60 million, with 300.44 million shares outstanding and 275.89 million shares in the current float. Compared to the average trading volume of 12.62M shares, ACB reached a trading volume of 8920746 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]?

Canaccord Genuity have made an estimate for Aurora Cannabis Inc. shares, keeping their opinion on the stock as Hold, with their previous recommendation back on September 21, 2022. The new note on the price target was released on June 24, 2022, representing the official price target for Aurora Cannabis Inc. stock.

The Average True Range (ATR) for Aurora Cannabis Inc. is set at 0.12, with the Price to Sales ratio for ACB stock in the period of the last 12 months amounting to 2.15. The Price to Book ratio for the last quarter was 0.61, with the Price to Cash per share for the same quarter was set at 0.92.

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 -19.29. With this latest performance, ACB shares dropped by -6.61% in over the last four-week period, additionally sinking by -19.29% over the last 6 months – not to mention a drop of -82.01% 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 39.87, with the RSI for the last a single of trading hit 34.37, and the three-weeks RSI is set at 42.91 for Aurora Cannabis Inc. [ACB]. The present Moving Average for the last 50 days of trading for this stock 1.2542, while it was recorded at 1.1900 for the last single week of trading, and 2.0041 for the last 200 days.

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

Operating Margin for any stock indicates how profitable investing would be, and Aurora Cannabis Inc. [ACB] shares currently have an operating margin of -157.59 and a Gross Margin at -65.98. Aurora Cannabis Inc.’s Net Margin is presently recorded at -776.02.

Return on Equity for this stock declined to -127.25, with Return on Assets sitting at -89.25.

Aurora Cannabis Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.90 and a Current Ratio set at 3.70.

Insider trade positions for Aurora Cannabis Inc. [ACB]

There are presently around $47 million, or 20.99% 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 10,601,833, which is approximately 0.712% of the company’s market cap and around 0.07% of the total institutional ownership; RENAISSANCE TECHNOLOGIES LLC, holding 4,250,800 shares of the stock with an approximate value of $4.8 million in ACB stocks shares; and D. E. SHAW & CO., INC., currently with $4.14 million in ACB stock with ownership of nearly 37.44% of the company’s market capitalization.

Positions in Aurora Cannabis Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 66 institutional holders increased their position in Aurora Cannabis Inc. [NASDAQ:ACB] by around 8,272,095 shares. Additionally, 95 investors decreased positions by around 16,633,693 shares, while 120 investors held positions by with 17,054,164 shares. The mentioned changes placed institutional holdings at 41,959,952 shares, according to the latest SEC report filing. ACB stock had 23 new institutional investments in for a total of 938,535 shares, while 38 institutional investors sold positions of 3,271,524 shares during the same period.


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