Aurora Cannabis (TSE:ACB) Stock Breaks Above Fifty Day Moving Average – Time to Sell?

Aurora Cannabis Inc. (TSE:ACB) shares passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of C$5.65 and traded as high as C$5.85. Aurora Cannabis shares last traded at C$5.81, with a volume of 215,864 shares traded.

Wall Street Analysts Forecast Growth

ACB has been the topic of several recent research reports. BMO Capital Markets raised Aurora Cannabis to a “hold” rating in a research note on Wednesday, August 5th. ATB Cormark Capital Markets boosted their price objective on Aurora Cannabis from C$5.60 to C$7.00 and gave the company a “tender” rating in a research note on Tuesday, October 6th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$6.67.

Aurora Cannabis Price Performance

The company has a market cap of C$355.63 million, a P/E ratio of -2.96 and a beta of 0.64. The company has a debt-to-equity ratio of 4.30, a quick ratio of 2.48 and a current ratio of 5.36. The firm’s fifty day moving average is C$5.67 and its two-hundred day moving average is C$4.94.

Aurora Cannabis (TSE:ACB) last issued its quarterly earnings results on Wednesday, August 5th. The company reported C($0.07) earnings per share (EPS) for the quarter. Aurora Cannabis had a negative return on equity of 5.21% and a negative net margin of 9.53%. The business had revenue of C$67.55 million during the quarter. As a group, analysts anticipate that Aurora Cannabis Inc. will post -0.22 earnings per share for the current fiscal year.

Aurora Cannabis Company Profile

Aurora is Opening the World to Cannabis ¿, serving both the medical and consumer markets across Canada, Europe, Australia and New Zealand. Headquartered in Edmonton, Alberta, Aurora is a pioneer in global cannabis, dedicated to helping people improve their lives. The Company’s adult-use brand portfolio includes Drift , San Raf , Daily Special ¿, Tasty’s ¿, Being and Greybeard . Medical cannabis brands include MedReleaf , CanniMed , Aurora and Whistler Medical Marijuana Corporation , as well as international brands, Pedanios , IndiMed ¿ and CraftPlant ¿.