Aurora Cannabis (TSE:ACB) Hits New 12-Month Low – Here’s Why

Aurora Cannabis Inc. (TSE:ACB)’s share price reached a new 52-week low during trading on Monday . The stock traded as low as C$4.33 and last traded at C$4.35, with a volume of 164190 shares. The stock had previously closed at C$4.47.

Analyst Ratings Changes

A number of research firms have recently commented on ACB. ATB Cormark Capital Markets cut their target price on Aurora Cannabis from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a research note on Thursday, December 11th. Canaccord Genuity Group set a C$10.00 price target on shares of Aurora Cannabis and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$9.25.

Aurora Cannabis Trading Down 3.1%

The stock has a market cap of C$245.55 million, a PE ratio of -2.89 and a beta of 0.26. The company has a quick ratio of 2.48, a current ratio of 3.06 and a debt-to-equity ratio of 25.02. The stock’s fifty day moving average price is C$5.07 and its 200 day moving average price is C$6.15.

Aurora Cannabis (TSE:ACB) last announced its quarterly earnings data on Wednesday, February 4th. The company reported C$0.03 earnings per share for the quarter. The company had revenue of C$94.19 million during the quarter. Aurora Cannabis had a negative net margin of 1.69% and a negative return on equity of 1.15%. On average, sell-side analysts forecast that Aurora Cannabis Inc. will post -0.22 EPS for the current year.

Aurora Cannabis Company Profile

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.