ACB Stock – Aurora Cannabis Inc.(NYSE:ACB) down -7.96%: This is what analysts are now forecasting Aurora Cannabis Inc.(NYSE:ACB) price on Friday, Feb 19, dropped -7.96% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $12.02.Get the hottest stocks to trade every day before the market opens 100% free.Click here now.A look at the stock’s price movement, the close in the last trading session was $13.06, moving within a range at $12.01 and $13.56.The beta value (5-Year monthly) was 0 while the PE ratio in trailing twelve months stood at 55.65.Turning to its 52-week performance, $21.48 and $3.71 were the 52-week high and 52-week low respectively.
Overall, ACB moved 1.52% over the past month.Turning to the stock’s technical picture we see that short term indicators suggest on average that ACB is a 50% Buy.On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.16 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation.A total of 9 analyst(s) rate the stock as a Hold, none recommend ACB as a Buy and none give it an Outperform rating.Meanwhile, 1 analyst(s) rate the stock as Underperform and 6 say it is a Sell.
As such, the average rating for the stock is Underweight which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.The technical evaluation for the stock shows the PEG ratio is 0, with ACB’s current price about -5.82% and 8.57% off the 20-day and 50-day simple moving averages respectively.The Relative Strength Index (RSI, 14) currently prints 48.3, while 7-day volatility ratio is 15.72% and 11.41% in the 30-day chart.Further, Aurora Cannabis Inc.(ACB) has a beta value of 0, and an average true range (ATR) of 1.6.Analysts have given the company’s stock an average 52-week price target of $9.79, forecast between a low of $3.62 and high of $14.56.Looking at the price targets, the low is -69.88% off current price level while to achieve the yearly target high, price needs to move +21.13%.
Nonetheless, investors will most likely welcome a -19.97% jump to $9.62 which is the analysts’ median price.In the market, a comparison of Aurora Cannabis Inc.(ACB) and its peers suggest the former has performed considerably weaker.
Data shows ACB’s intraday price has changed -7.96% in last session and -41.42% over the past year.Comparatively, Abbott Laboratories (ABT) has moved -1.44% on the day and only +40.34% in the past 12 months.Looking at another peer, we see that Medtronic Inc (MDT) price has dipped -2.34% on the day.However, the stock is 1.42% off its price a year ago.Moreover, Stryker Corp (SYK) is also down -7.96% in trading on the day while keeping a downtrend of -41.42% over the past year.If we look at the PE ratio, we find that Aurora Cannabis Inc.’s ratio stands at 55.65 compared to Abbott Laboratories’s 50.12 and Medtronic Inc’s 44.48.
Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are down -0.44% and down -0.38% respectively in the last trading.If we refocus on Aurora Cannabis Inc.
(NYSE:ACB), historical trading data shows that trading volumes averaged 54.5 Million over the past 10 days and 34.02 Million over the past 3 months.The company’s latest data on shares outstanding shows there are 197.39 Million shares.The 2021 Backdoor Crypto Portfolio (free) Even if you’re not actively in crypto, you deserve to know what’s actually going on… Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them.More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.
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As per Thomson Reuters, 0.2% of Aurora Cannabis Inc.’s shares are in the hands of company insiders while institutional holders own 14.14% of the company’s shares.Also important is the data on short interest which shows that short shares stood at 25.89 Million on January 28, 2021, giving us a short ratio of 0.95.The data shows that as of January 28, 2021 short interest in Aurora Cannabis Inc.(ACB) stood at 13.11% of shares outstanding, with shares short dropping from 34.39 Million registered in December.Current price change has pushed the stock +44.65% YTD, which shows the potential for further growth is there.
It is this reason that could see investor optimism for the ACB stock continues to rise going into the next quarter.ACB Stock – Aurora Cannabis Inc.(NYSE:ACB) down -7.96%: This is what analysts are now forecasting Tags: ACB Stock.
