Aurora Cannabis Target of Unusually Large Options Trading (NASDAQ:ACB)

Aurora Cannabis Inc. (NASDAQ:ACB) was the recipient of unusually large options trading activity on Wednesday. Investors acquired 14,034 call options on the company. This represents an increase of 480% compared to the typical volume of 2,420 call options.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. TD Cowen initiated coverage on shares of Aurora Cannabis in a report on Wednesday, December 11th. They issued a “buy” rating on the stock. TD Securities raised shares of Aurora Cannabis to a “strong-buy” rating in a research note on Thursday, December 12th.

Aurora Cannabis Stock Up 48.3 %

Shares of ACB traded up $1.78 on Wednesday, hitting $5.46. 37,816,741 shares of the stock traded hands, compared to its average volume of 2,240,929. Aurora Cannabis has a one year low of $2.84 and a one year high of $9.35. The company has a market capitalization of $299.32 million, a PE ratio of -7.11 and a beta of 1.85. The business has a 50 day simple moving average of $4.19 and a 200 day simple moving average of $5.16. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.88 and a current ratio of 3.83.

Aurora Cannabis (NASDAQ:ACB) last released its quarterly earnings data on Wednesday, February 5th. The company reported $0.06 EPS for the quarter, beating the consensus estimate of ($0.09) by $0.15. Aurora Cannabis had a negative return on equity of 2.19% and a negative net margin of 17.47%. As a group, equities analysts forecast that Aurora Cannabis will post -0.1 earnings per share for the current fiscal year.

Institutional Trading of Aurora Cannabis

Several large investors have recently modified their holdings of ACB. Cubist Systematic Strategies LLC bought a new position in Aurora Cannabis in the second quarter worth approximately $50,000. Mackenzie Financial Corp purchased a new stake in shares of Aurora Cannabis in the 2nd quarter worth $113,000. Wealthspire Advisors LLC bought a new position in Aurora Cannabis in the 4th quarter worth $149,000. Finally, Tidal Investments LLC lifted its position in Aurora Cannabis by 2.7% during the third quarter. Tidal Investments LLC now owns 1,344,321 shares of the company’s stock valued at $7,905,000 after purchasing an additional 34,988 shares in the last quarter. Institutional investors own 47.63% of the company’s stock.

Aurora Cannabis Company Profile

Aurora Cannabis Inc, together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation. The company produces, distributes, and sells medical and consumer cannabis products in Canada.