During the recent session, Aurora Cannabis Inc. (NASDAQ:ACB)’s traded shares were 1.06 million, with the beta value of the company hitting 3.09. At the last check today, the stock’s price was $5.66, reflecting an intraday loss of -1.05% or -$0.06. The 52-week high for the ACB share is $18.98, that puts it down -235.34 from that peak though still a striking 4.24% gain since the share price plummeted to a 52-week low of $5.42. The company’s market capitalization is $1.48B, and the average intraday trading volume over the past 10 days was 4.35 million shares, and the average trade volume was 5.54 million shares over the past three months.
Aurora Cannabis Inc. (ACB) received a consensus recommendation of an Underweight from analysts. That translates to a mean rating of 3.50. ACB has a Sell rating from 4 analyst(s) out of 14 analysts who have looked at this stock. 9 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight.
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Aurora Cannabis Inc. (ACB) registered a -1.05% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -1.05% in intraday trading to $5.66 this Thursday, 12/16/21, hitting a weekly high. The stock’s 5-day price performance is -8.92%, and it has moved by -31.25% in 30 days. Based on these gigs, the overall price performance for the year is -41.75%. The short interest in Aurora Cannabis Inc. (NASDAQ:ACB) is 31.09 million shares and it means that shorts have 5.27 day(s) to cover.
The consensus price target of analysts on Wall Street is $6.12, which implies an increase of 7.52% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $3.21 and $8.48 respectively. As a result, ACB is trading at a discount of -49.82% off the target high and 43.29% off the low.
Aurora Cannabis Inc. (ACB) estimates and forecasts
Statistics show that Aurora Cannabis Inc. has outperformed its competitors in share price, compared to the industry in which it operates. Aurora Cannabis Inc. (ACB) shares have gone down -34.48% during the last six months, with a year-to-date growth rate more than the industry average at 68.11% against 13.90.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -50.40%. While earnings are projected to return 87.70% in 2021.
ACB Dividends
Aurora Cannabis Inc. is due to release its next quarterly earnings between February 09 and February 14. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Aurora Cannabis Inc. (NASDAQ:ACB)’s Major holders
Aurora Cannabis Inc. insiders own 0.03% of total outstanding shares while institutional holders control 19.66%, with the float percentage being 19.66%. ETF Managers Group, LLC is the largest shareholder of the company, while 344 institutions own stock in it. As of Sep 29, 2021, the company held over 11.27 million shares (or 5.68% of all shares), a total value of $77.96 million in shares.
The next largest institutional holding, with 6.03 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 3.04% of outstanding shares. At the market price on Sep 29, 2021, these shares were valued at $41.76 million.
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Also, the Mutual Funds coming in first place with the largest holdings of Aurora Cannabis Inc. (ACB) shares are ETF Managers Tr-EFTMG Alternative Harvest ETF and Vanguard International Stock Index-Total Intl Stock Indx. Data provided on Sep 29, 2021 indicates that ETF Managers Tr-EFTMG Alternative Harvest ETF owns about 11.27 million shares. This amounts to just over 5.68 percent of the company’s overall shares, with a $77.96 million market value. The same data shows that the other fund manager holds slightly less at 2.44 million, or about 1.23% of the stock, which is worth about $17.16 million.
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