Aurora Cannabis Inc (ACB) At $6.01 Offering A Unique Opportunity

Aurora Cannabis Inc (NASDAQ:ACB) currently has a daily average trading volume of 7.83M but it saw 873850 shares traded in last market. With a market cap of 94.54M USD, the company’s current market price of $6.01 came falling about -1.31 while comparing to the previous closing price of $6.09. 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 $6.62, while its current price level is -47.74% below from 52-week high level whereas it is 111.62% 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 $6.54 while that of 200 days or SMA-200 reads an average of $5.18. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.53% during that period while stretching the period over a month that increases to 7.09%. 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 43.74 which implies that the stock is in neutral territory.

Over the week, ACB’s stock price is moving -2.28% down while it is -9.76% when we observe its performance for the past one month. Year-to-date it is 26.21% up and over the past year, the stock is showing an upside performance of 11.38%.

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 0.66. Stock’s beta reads 1.90. Stock has a price to book (P/B) ratio of 0.73 while price to sale or P/S ratio amounts to 0.46. Its return on asset (ROA) is 45.95% on average.