Aurora Cannabis Inc [NASDAQ: ACB] stock went on an upward path that rose over 9.62% on Monday, amounting to a one-week price increase of more than 91.04%.
Over the last 12 months, ACB stock rose by 66.75%. The one-year Aurora Cannabis Inc stock forecast points to a potential upside of 5.84. The average equity rating for ACB stock is currently 2.14, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $362.76 million, with 54.88 million shares outstanding and 54.65 million shares in the current float. Compared to the average trading volume of 2.40M shares, ACB stock reached a trading volume of 7328407 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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 $7.02 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 2.14. 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.
TD Cowen have made an estimate for Aurora Cannabis Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on December 11, 2024. The new note on the price target was released on February 09, 2024, representing the official price target for Aurora Cannabis Inc stock.
The Average True Range (ATR) for Aurora Cannabis Inc is set at 0.46, with the Price to Sales ratio for ACB stock in the period of the last 12 months amounting to 1.55. The Price to Book ratio for the last quarter was 0.91, with the Price to Cash per share for the same quarter was set at 2.28.
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 91.04. With this latest performance, ACB shares gained by 49.55% in over the last four-week period, additionally sinking by -6.24% over the last 6 months – not to mention a rise of 66.75% 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 78.11, with the RSI for the last a single of trading hit 82.69, and the three-weeks RSI is set at 73.46 for Aurora Cannabis Inc [ACB]. The present Moving Average for the last 50 days of trading for this stock 4.34, while it was recorded at 5.59 for the last single week of trading, and 5.48 for the last 200 days.
Insight into Aurora Cannabis Inc Fundamentals:
Aurora Cannabis Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 3.30.
Aurora Cannabis Inc [ACB] Institutonal Ownership Details
There are presently around $11.44%, or 11.44%% of ACB stock, in the hands of institutional investors. The top three institutional holders of ACB stocks are: YONG RONG (HK) ASSET MANAGEMENT LTD with ownership of 0.15 million shares, which is approximately 0.3163%. STUDIO INVESTMENT MANAGEMENT LLC, holding 200.0 shares of the stock with an approximate value of $$924.0 in ACB stocks shares; and STUDIO INVESTMENT MANAGEMENT LLC, currently with $$1704.0 in ACB stock with ownership which is approximately 0.0001%.
