In the latest trading session, 3.13 million Aurora Cannabis Inc. (NASDAQ:ACB) shares changed hands as the company’s beta touched 0. With the company’s most recent per share price at $8.53 changing hands around $0.2 or 2.40% at last look, the market valuation stands at $1.65B. ACB’s current price is a discount, trading about -122.51% off its 52-week high of $18.98. The share price had its 52-week low at $3.71, which suggests the last value was 56.51% up since then. When we look at Aurora Cannabis Inc.’s average trading volume, we note the 3-month average coming to 5.98 million.
Analysts gave the Aurora Cannabis Inc. (ACB) stock a consensus recommendation rating of an Underweight. If we narrow down to specifics, the data shows that 6 out of 14 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 7 recommended ACB as a Hold, 0 felt it is a Buy and 1 rated the stock as Underweight.
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Instantly ACB is in green as seen in intraday trades today. With action -3.36%, the performance over the past five days has been red. The jump to weekly highs of 8.86 on Monday, 07/12/21 added 2.40% to the stock’s daily price. The company’s shares are showing year-to-date upside of 0.24%, with the 5-day performance at -3.36% in the red. However, in the 30-day time frame, Aurora Cannabis Inc. (NASDAQ:ACB) is -15.77% down.
The consensus price target for the stock as assigned by Wall Street analysts is $6.80, meaning bulls need a downside of -25.44% from its recent market value. According to analyst projections, ACB’s forecast low is $4.96 with $9.92 as the target high. To hit the forecast high, the stock’s price needs a -16.3% plunge from its current level, while the stock would need to tank 41.85% for it to hit the projected low.
Aurora Cannabis Inc. (ACB) estimates and forecasts
Data shows that the Aurora Cannabis Inc. share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -16.62% over the past 6 months, a 5.59% in annual growth rate that is considerably lower than the industry average of 15.50%.
Aurora Cannabis Inc. is expected to release its next quarterly earnings report between September 20 and September 24.
Aurora Cannabis Inc. (NASDAQ:ACB)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.14% of Aurora Cannabis Inc. shares while 18.97% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 19.00%. There are 18.97% institutions holding the Aurora Cannabis Inc. stock share, with Vanguard Group, Inc. (The) the top institutional holder. As of Mar 30, 2021, the company held 2.78% of the shares, roughly 5.51 million ACB shares worth $51.28 million.
ETF Managers Group, LLC holds the second largest percentage of outstanding shares, with 2.76% or 5.46 million shares worth $50.8 million as of Mar 30, 2021.
Among Mutual Funds, the top two as of Mar 30, 2021 were ETF Managers Tr-EFTMG Alternative Harvest ETF and Global X Fds-The Global X Cannabis ETF. With 5.46 million shares estimated at $50.8 million under it, the former controlled 2.76% of total outstanding shares. On the other hand, Global X Fds-The Global X Cannabis ETF held about 0.89% of the shares, roughly 1.77 million shares worth around $17.08 million.