Aurora Cannabis Inc (NASDAQ: ACB) Loses -65.22% From High. Why That Could Change?

Currently, there are 475.90M common shares owned by the public and among those 474.52M shares have been available to trade.

Insiders at the company have transacted a total of 16 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 11 of these insider trades were purchases, accounting for 1,090,344 shares. Insider sales of the common stock occurred on 5 occasions, with total insider shares sold totaling 102,713 shares.

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However, the script later moved the day high at 0.4309, down -7.90%. The company’s stock has a 5-day price change of 5.26% and -10.11% over the past three months. ACB shares are trading -16.00% year to date (YTD), with the 12-month market performance down to -56.52% lower. It has a 12-month low price of $0.37 and touched a high of $1.15 over the same period. ACB has an average intraday trading volume of 1.48 shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -2.33%, -11.33%, and -24.02% respectively.

Institutional ownership of Aurora Cannabis Inc (NASDAQ: ACB) shares accounts for 7.11% of the company’s 475.90M shares outstanding.

It has a market capitalization of $190.36M and a beta (3y monthly) value of 2.39. The stock’s trailing 12-month PE ratio is 0.44, while the earnings-per-share (ttm) stands at $0.91. Price movements for the stock have been influenced by the stock’s volatility, which stands at 8.54% over the week and 6.08% over the month.

Analysts forecast that Aurora Cannabis Inc (ACB) will achieve an EPS of -$0.01 for the current quarter, -$0.03 for the next quarter and -$0.03 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.01 while analysts give the company a high EPS estimate of -$0.01. Comparatively, EPS for the current quarter was -$0.15 a year ago. Earnings per share for the fiscal year are expected to increase by 80.28%, and 63.97% over the next financial year.

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