Bulls ‘Absolutely Complacent’ On Aurora Cannabis Inc. (ACB)

At the moment, there are a total of 5 analysts who cover Aurora Cannabis Inc. (NYSE:ACB) stock. Among that group, 3 of them gave BUY ratings, 1 of them rated the stock as OUTPERFORM, 1 recommended it as HOLD, 0 set the rating at UNDERPERFORM and 0 rated it as a SELL.

The company, which is valued at $6.85B, last published its earnings results on Monday, 02/11/2019 for the quarter that ended in Dec-18. The business posted revenue of $54.18 million for the three-month period, above $2.34 million, compared to analysts’ forecasts of $51.84 million with a surprise factor of 4.52%.

At times, the stock market can get highly confusing – even for some of the most experienced traders. Even when the result is what you had expected, the market might suddenly decide to make an opposing movement. This can spark a great deal of doubt and second-guessing. Keeping tabs on historical price performance, as well as both long-term and short-term trends, can be very useful. Over the past 7 days, Aurora Cannabis Inc. (NYSE:ACB) stock has decreased in price by 8.62%. Looking backwards over the past quarter, these shares have gained 2.01%. Turning to look at the last 6 months, this stock has added 79.74% to its price. Since the beginning of the calendar year, this stock has moved down by 16.73%.

Now let’s examine some potential support and resistance levels for this particular stock. Following a recent spotcheck, the public organization Aurora Cannabis Inc. (NYSE:ACB) has been observed as trading -14.82% away from its 90-day high price. Taking a look at the other side of things, this stock has been trading +55.02% away from its 90-day low. Moving to a broader perspective, this stock has recently been trading -43.31% away from its 52-week high and +75.40% away from its 52-week low price.

Now let’s look at this public company’s trading volatility. Its 1-Week Volatility currently stands at 6.83%, while its Month Volatility is 6.87%. This stock’s ATR (Average True Range) is currently 0.51. Volatility demonstrates how much the stock will dive or rise if the wider market suffers or surges. A stock that has a beta score higher than 1 means that volatility is high, while less than 1 means that volatility is low.

Aurora Cannabis Inc. (NYSE:ACB) stock slipped -$0.15 lower during the regular trading session on Thursday, hitting $7.10. This organization’s stock showed a trading volume of 19.8 million shares, compared to its average daily volume of 18.94M shares.