With 34.53M Outstanding Shares, Can Aurora Cannabis Inc (NASDAQ: ACB) Deliver Big Short-Term Gains?

Aurora Cannabis Inc (NASDAQ:ACB) currently has a daily average trading volume of 5.39M but it saw 8813983 shares traded in last market. With a market cap of 102.80M USD, the company’s current market price of $6.53 came rising about 12.87 while comparing to the previous closing price of $5.79. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.50 and as low as $2.84.

Taking a look at 20-day trading activity of Aurora Cannabis Inc (ACB) gives us an average price of $5.72, while its current price level is -43.17% below from 52-week high level whereas it is 130.11% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.35 while that of 200 days or SMA-200 reads an average of $4.94. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.94% during that period while stretching the period over a month that increases to 19.60%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 61.13 which implies that the stock is in neutral territory.

Over the week, ACB’s stock price is moving -4.32% down while it is 79.53% when we observe its performance for the past one month. Year-to-date it is 37.23% up and over the past year, the stock is showing an upside performance of 1.97%.

Currently, Aurora Cannabis Inc’s total number of outstanding shares is 34.53M. Company’s return on investment (ROI) stands at 68.20% and return on equity (ROE) at 78.60%. It has a price to earnings ratio (P/E ratio) of 0.72. Stock’s beta reads 2.19. Stock has a price to book (P/B) ratio of 0.79 while price to sale or P/S ratio amounts to 0.50. Its return on asset (ROA) is 45.95% on average.