Aurora Cannabis Inc (NASDAQ: ACB) Recovers 47.30% From 52-Week Low, Is ACB Still A High-Risk, High-Reward Play?

Aurora Cannabis Inc (NASDAQ:ACB) currently has a daily average trading volume of 1.19M but it saw 599010 shares traded in last market. With a market cap of 276.60M USD, the company’s current market price of $5.04 came falling about -2.33 while comparing to the previous closing price of $5.16. In past 52 weeks, the stock remained buoying in the range of price level as high as $8.14 and as low as $3.42.

Taking a look at 20-day trading activity of Aurora Cannabis Inc (ACB) gives us an average price of $4.67, while its current price level is -38.09% below from 52-week high level whereas it is 47.30% 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 $4.50 while that of 200 days or SMA-200 reads an average of $5.05. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.35% during that period while stretching the period over a month that increases to 5.09%. 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 61.39 which implies that the stock is in neutral territory.

Over the week, ACB’s stock price is moving 9.80% up while it is 18.59% when we observe its performance for the past one month. Year-to-date it is 18.59% up and over the past year, the stock is showing a downside performance of -21.98%.

Currently, Aurora Cannabis Inc’s total number of outstanding shares is 54.88M. Company’s return on investment (ROI) stands at 1.98% and return on equity (ROE) at 4.78%. It has a price to earnings ratio (P/E ratio) of 31.98 while having a 25.61 of forward P/E ratio. Stock’s beta reads 1.82. Stock has a price to book (P/B) ratio of 0.69 while price to sale or P/S ratio amounts to 1.18. Its return on asset (ROA) is 3.09% on average.

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