On 02-11-2k21 (Thursday) Shareholders tracking shares of Aurora Cannabis Inc. (ACB) belongs to Healthcare sector and Drug Manufacturers – Specialty & Generic industry. ACB flaunted -23.52% to reach at $14.47 during previous trading session. ACB Inc. has a total market value of 2.86B at the time of writing – representing $197.39M outstanding shares. Turning to other widely-considered trading data, this company’s half yearly performance is observed at 47.65%. Aurora Cannabis (NYSE: ACB) released its second-quarter fiscal 2021 earnings report Thursday afternoon. Here’s what we learned:
- Total cannabis net revenue hovered $70.3 million, excluding provisions of $2.7 million
- That’s up 11% over the second quarter of 2020
- Medical cannabis net revenue reached $38.9 million — up 42% versus the second quarter of 2020
- That jump was due to a 562% increase in high margin international medical sales
- Aurora experienced an adjusted EBITDA loss of $12.1 million
- That’s an improvement of $53.1 million over the second quarter of 2020
- The company reported improved cash use by more than 74% compared to the second quarter of 2020
As of Feb. 10, the Edmonton, Canada-based cannabis producer has about $565 million in cash on hand. To reach profitability, Aurora is expected to partner with “third party government and non-government consumer sales channels.”
Long-Term Profitability: The current loss in EBITDA was “triggered by several decisions” Aurora made to bolster long-term profitability. Recall last year when Aurora let go of more than 1200 of its employees in an effort to improve the balance sheet.
The company, under the helm of CEO Miguel Martin, recently closed activities at its Aurora Sun facility and opted to reduce the production at its flagship Aurora Sky facility by 75%.
View more earnings on ACB
And last month, Aurora cut sales staff after picking Great North Distributors for its sales representatives in the Canadian recreational cannabis market.
The stock closed down 23% at $14.47 following a big runup earlier in the week.
The Canada listed company saw a recent price trade of $14.47 and 82,628,448 shares have traded hands in the session. There are 34.44M shares which are traded as an average over the last three months period.
Many investors forget that one of the defining characteristics of the stock market is that it’s a market. Buyers and sellers help determine the price of each stock, and the more buyers and sellers a particular stock has interested in it, the more liquid the market will be. Liquidity can have a profound impact on just how violently stock prices can move in either direction, and the reasons have to do with the nature of the market in a stock’s shares.
Trading volume, or volume, is the number of shares or contracts that indicates the overall activity of a security or market for a given period. Trading volume is an important technical indicator an investor uses to confirm a trend or trend reversal. Volume gives an investor an idea of the price action of a security and whether they should buy or sell the security.
Looking performance record on shares of Aurora Cannabis Inc. (ACB) we observed that the stock has seen a move -17.41% over the last 52-week trading period. The stock generated performance of 74.34% tracking last 3 months. Investors will be anxiously watching to see if things will turn around and the stock will start gaining or losing momentum over the next few months. If we look back year-to-date, the stock has performed 74.13%. Shares are at 10.71% over the previous week and 37.03% over the past month.
Fluctuating the focus to what the Wall Street analysts are projecting, we can see that the current consensus target price on shares is $0. Analysts often put in a lot of work to study stocks that they cover. Wall Street analysts have a consensus recommendation of 0on this stock. This number falls on a one to five scale where a 1 would be considered a strong buy and 5 means a strong sell, 2 shows Buy, 3 Hold, 4 reveals Sell recommendation.
Watching some historical volatility numbers on shares of Aurora Cannabis Inc. (ACB) we can see that the 30 days volatility is presently 11.21%. The 7 days volatility is 16.01%. Following volatility data can help measure how much the stock price has fluctuated over the specified time period. Although past volatility action may help project future stock volatility, it may also be vastly different when taking into account other factors that may be driving price action during the measured time period.
The company has a beta of 0. 1.00 indicates that its price is correlated with the market. Less than 1.00 shows less volatility than the market. Beta greater than 1.00 indicates that the security’s price is theoretically more volatile than the market.
The Average True Range (ATR) value reported at 1.61. The average true range (ATR) is a technical analysis indicator that measures volatility by decomposing the entire range of an asset price for that period. A stock experiencing a high level of volatility has a higher ATR, and a low volatility stock has a lower ATR. The ATR may be used by market technicians to enter and exit trades, and it is a useful tool to add to a trading system. It was created to allow traders to more accurately measure the daily volatility of an asset by using simple calculations. The indicator does not indicate the price direction; rather it is used primarily to measure volatility caused by gaps and limit up or down moves. The ATR is fairly simple to calculate and only needs historical price data.
Aurora Cannabis Inc. (ACB) stock positioned 48.77% distance from the 200-day MA and stock price situated 33.22% away from the 50-day MA while located 16.74% off of the 20-day MA.
RSI value sited with reading of 54.55. Relative Strength Index (RSI) is an extremely useful and popular momentum oscillator. The RSI compares the magnitude of a stock’s recent gains to the magnitude of its recent losses and turns that information into a number that ranges from 0 to 100. It takes a single parameter, the number of time periods to use in the calculation. In his book, Wilder recommends using 14 periods.
Observing the Technical Indicators:
Aurora Cannabis Inc. institutional ownership is held at 14.14% while insider ownership was 0.20%. As of now, ACB has a P/S, P/E and P/B values of 0, 66.99 and 4.21 respectively. Its P/Cash is valued at 0. The Company’s net profit margin for the 12 months at 0. Comparatively, the gazes have a Gross margin 0.
Looking into the profitability ratios of ACB stock, an investor will find its ROE, ROA, ROI standing at 0, 0 and 0, respectively.
Earnings per Share Details of Aurora Cannabis Inc.:
The EPS of ACB is strolling at 0.22, measuring its EPS growth this year at 0. As a result, the company has an EPS growth of 0 for the approaching year.
Given the importance of identifying companies that will ensure earnings per share at a tall rate, we later obsession to umpire how to identify which companies will achieve high amassing rates. One obvious showing off to identify high earnings per portion count together companies are to locate companies that have demonstrated such build up beyond the p.s. 5 to 10 years.
The payout ratio shows the proportion of earnings paid out as dividends to shareholders, typically expressed as a percentage of the company’s earnings. The payout ratio can also be expressed as dividends paid out as a proportion of cash flow. The payout ratio is also known as the dividend payout ratio. The Company’s payout ratio was 0 and Price to free cash flow remained $0.