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TSE:ACB

Aurora Cannabis - ACB Stock Forecast, Price & News

C$1.98
-0.16 (-7.48%)
(As of 08/19/2022 12:00 AM ET)
Add
Compare
Today's Range
C$1.97
C$2.09
50-Day Range
C$1.58
C$2.43
52-Week Range
C$1.56
C$10.87
Volume
1.77 million shs
Average Volume
2.11 million shs
Market Capitalization
C$589.54 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
C$3.71
ACB stock logo

About Aurora Cannabis (TSE:ACB) Stock

Aurora Cannabis Inc. produces, distributes, and sells cannabis and cannabis derivative products in Canada and internationally. It also engages in facility engineering and design, cannabis breeding, research, production, derivatives, product development, wholesale, and retail distribution activities. The company produces various strains of dried cannabis, cannabis oil and capsules, and topical kits for medical patients. It also sells vaporizers; consumable vaporizer accessories; and herb mills for using CanniMed herbal cannabis products, as well as grinders and vaporizer lockable containers. In addition, the company engages in the development of medical cannabis products at various stages of development, including oral, topical, edible, and inhalable products; and operation of CanvasRX, a network of cannabis counseling and outreach centers. Further, it provides patient counselling services; design and construction services; and cannabis analytical product testing services. The company's brand portfolio includes Aurora, Aurora Drift, San Rafael '71, Daily Special, AltaVie, MedReleaf, CanniMed, Whistler, Woodstock, and WMMC. Aurora Cannabis Inc. is headquartered in Edmonton, Canada.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ACB shares. Cowen lifted their price objective on Aurora Cannabis from C$1.85 to C$2.00 in a research note on Tuesday, July 19th. Piper Sandler cut their target price on Aurora Cannabis from C$7.00 to C$4.00 and set a "hold" rating on the stock in a research report on Friday, May 13th. CIBC cut their target price on Aurora Cannabis from C$6.50 to C$3.75 in a research report on Monday, May 16th. Stifel Nicolaus raised Aurora Cannabis from a "sell" rating to a "hold" rating and cut their target price for the stock from C$2.50 to C$2.15 in a research report on Monday, June 6th. Finally, ATB Capital cut their target price on Aurora Cannabis from C$5.00 to C$4.00 and set an "underperform" rating on the stock in a research report on Tuesday, May 10th. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of C$3.99.

Aurora Cannabis Stock Performance

Shares of ACB Stock traded down C$0.16 during midday trading on Friday, hitting C$1.98. The company had a trading volume of 1,771,451 shares, compared to its average volume of 2,107,249. The company's 50 day simple moving average is C$1.88 and its 200 day simple moving average is C$3.37. Aurora Cannabis has a 52-week low of C$1.56 and a 52-week high of C$10.87. The stock has a market cap of C$589.54 million and a price-to-earnings ratio of -0.32. The company has a debt-to-equity ratio of 35.61, a current ratio of 5.85 and a quick ratio of 3.95.

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ACB Stock News Headlines

Aurora Cannabis Inc - Stock Trailing Returns ACB
Is Aurora Cannabis Too Cheap to Pass Up Right Now?
Aurora Cannabis Announces More Layoffs, Here's Why
It's a Cannabis Buyers' Market
Why Aurora Cannabis Crumbled Today
See More Headlines
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ACB Company Calendar

Last Earnings
5/15/2017
Today
8/19/2022
Next Earnings (Estimated)
9/26/2022

Industry, Sector and Symbol

Industry
Drug Manufacturers - Specialty & Generic
Sub-Industry
N/A
Sector
Medical
CIK
N/A
Fax
N/A
Employees
1,761
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$3.71
High Stock Price Forecast
C$7.50
Low Stock Price Forecast
C$2.00
Forecasted Upside/Downside
+87.4%
Consensus Rating
Hold
Rating Score (0-4)
1.86
Research Coverage
7 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$225.95 million
Cash Flow
C$1.97 per share
Book Value
C$4.86 per share

Miscellaneous

Free Float
N/A
Market Cap
C$589.54 million
Optionable
Not Optionable
Beta
N/A

Key Executives

  • Mr. Miguel Martin (Age 50)
    CEO & Director
    Comp: $2.15M
  • Mr. Glen Ibbott
    Chief Financial Officer
  • Mr. Carey Squires
    Exec. VP of Corp. Devel. & Strategy
  • Mr. Andre Jerome
    Exec. VP of Global Bus. Devel.
  • Mr. Alex Miller
    Exec. VP of Operations & Supply Chain
  • Dave Aird
    Exec. VP of Information Services
  • Ananth Krishnan
    VP of Capital Markets & Investor Relations
  • Nathalie Clark
    Exec. VP, Gen. Counsel & Corp. Sec.
  • Michelle Lefler
    VP of Communications & PR
  • Ms. Lori Schick
    Exec. VP of HR













ACB Stock - Frequently Asked Questions

Should I buy or sell Aurora Cannabis stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Aurora Cannabis in the last twelve months. There are currently 1 sell rating and 6 hold ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ACB shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ACB, but not buy additional shares or sell existing shares.
View ACB analyst ratings
or view top-rated stocks.

What is Aurora Cannabis' stock price forecast for 2022?

7 Wall Street analysts have issued 1 year target prices for Aurora Cannabis' stock. Their ACB share price forecasts range from C$2.00 to C$7.50. On average, they predict the company's stock price to reach C$3.71 in the next year. This suggests a possible upside of 87.4% from the stock's current price.
View analysts price targets for ACB
or view top-rated stocks among Wall Street analysts.

How have ACB shares performed in 2022?

Aurora Cannabis' stock was trading at C$6.85 at the beginning of the year. Since then, ACB stock has decreased by 71.1% and is now trading at C$1.98.
View the best growth stocks for 2022 here
.

When is Aurora Cannabis' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, September 26th 2022.
View our ACB earnings forecast
.

How were Aurora Cannabis' earnings last quarter?

Aurora Cannabis Inc. (TSE:ACB) posted its earnings results on Monday, May, 15th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). The firm earned $5.18 million during the quarter, compared to analysts' expectations of $7.44 million.

What other stocks do shareholders of Aurora Cannabis own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Aurora Cannabis investors own include Canopy Growth (WEED), Aphria (APHA), OrganiGram (OGI), Aurora Cannabis (ACBFF), Cronos Group (CRON), Micron Technology (MU), Alibaba Group (BABA), Green Organic Dutchman (TGOD) and Advanced Micro Devices (AMD).

What is Aurora Cannabis' stock symbol?

Aurora Cannabis trades on the Toronto Stock Exchange (TSX) under the ticker symbol "ACB."

How do I buy shares of Aurora Cannabis?

Shares of ACB stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is Aurora Cannabis' stock price today?

One share of ACB stock can currently be purchased for approximately C$1.98.

How much money does Aurora Cannabis make?

Aurora Cannabis (TSE:ACB) has a market capitalization of C$589.54 million and generates C$225.95 million in revenue each year.

How many employees does Aurora Cannabis have?

The company employs 1,761 workers across the globe.

How can I contact Aurora Cannabis?

Aurora Cannabis' mailing address is 1500 - 1199 West Hastings St., VANCOUVER, BC V6E 3T5, Canada. The official website for the company is auroramj.com. The company can be reached via phone at +1-604-3625207.

This page (TSE:ACB) was last updated on 8/19/2022 by MarketBeat.com Staff

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