Market Insight: Aurora Cannabis Inc (ACB)’s Notable Drop, Closing at 3.70

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In the latest session, Aurora Cannabis Inc (NASDAQ: ACB) closed at $3.70 down -1.33% from its previous closing price of $3.75. In other words, the price has decreased by -$1.33 from its previous closing price. On the day, 0.85 million shares were traded. ACB stock price reached its highest trading level at $3.78 during the session, while it also had its lowest trading level at $3.64.

Ratios:

For a deeper understanding of Aurora Cannabis Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.88 and its Current Ratio is at 3.83. In the meantime, Its Debt-to-Equity ratio is 0.19 whereas as Long-Term Debt/Eq ratio is at 0.08.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ACB now has a Market Capitalization of 203076720 and an Enterprise Value of 202382917632. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.93 while its Price-to-Book (P/B) ratio in mrq is 0.50. Its current Enterprise Value per Revenue stands at 681.454 whereas that against EBITDA is 19633.576.

Stock Price History:

The Beta on a monthly basis for ACB is 1.84, which has changed by -0.060150385 over the last 52 weeks, in comparison to a change of 0.23095727 over the same period for the S&P500. Over the past 52 weeks, ACB has reached a high of $9.35, while it has fallen to a 52-week low of $2.84. The 50-Day Moving Average of the stock is -12.92%, while the 200-Day Moving Average is calculated to be -33.24%.

Shares Statistics:

For the past three months, ACB has traded an average of 885.26K shares per day and 604420 over the past ten days. A total of 54.86M shares are outstanding, with a floating share count of 54.65M. Insiders hold about 0.41% of the company’s shares, while institutions hold 7.45% stake in the company. Shares short for ACB as of 1736899200 were 4892058 with a Short Ratio of 4.83, compared to 1734048000 on 4273402.

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