Aurora Cannabis (TSE:ACB) Sets New 12-Month Low – What’s Next?

Aurora Cannabis Inc. (TSE:ACB) reached a new 52-week low during mid-day trading on Monday . The company traded as low as C$3.74 and last traded at C$3.76, with a volume of 313521 shares. The stock had previously closed at C$3.86.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. TD cut their price target on shares of Aurora Cannabis from C$10.00 to C$8.00 and set a “buy” rating on the stock in a research note on Friday, June 12th. Canaccord Genuity Group dropped their price objective on shares of Aurora Cannabis from C$6.50 to C$5.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of C$7.17.

Aurora Cannabis Stock Performance

The stock has a fifty day moving average of C$4.44 and a 200-day moving average of C$4.92. The firm has a market capitalization of C$232.90 million, a P/E ratio of -1.76 and a beta of 0.27. The company has a quick ratio of 2.48, a current ratio of 5.94 and a debt-to-equity ratio of 4.66.

Aurora Cannabis (TSE:ACB) last released its earnings results on Thursday, June 11th. The company reported C($0.99) EPS for the quarter. Aurora Cannabis had a negative net margin of 12.13% and a negative return on equity of 7.25%. The firm had revenue of C$38.01 million during the quarter. On average, research analysts anticipate that Aurora Cannabis Inc. will post -0.22 EPS for the current year.

About Aurora Cannabis

Aurora Cannabis, headquartered in Edmonton, Canada, cultivates and sells medicinal and recreational cannabis through a portfolio of brands that includes Aurora, CanniMed, Daily Special, MedReleaf, and San Rafael ’71. Although the company primarily operates in Canada, it has expanded internationally through medical cannabis exporting agreements or cultivation facilities in more than 20 countries.