Aurora Cannabis Inc (ACB) Stock Forecast & Predictions

Aurora Cannabis Inc ACB: $6.385

500-10355 Jasper Ave NW, Edmonton, Alberta, Canada. | Sector: Manufacturing | Exchange: NASDAQ | Web: auroramj.com

  • Market Cap$1.18B
  • Change (52 Weeks)17.82%
  • Low (52 Weeks)$3.71
  • Aurora Cannabis Inc (ACB) Forecast Based on Technical Analysis


    Neutral
    Based on 16 Technical Indicators where 12.50% are on Buy, 37.50% on Sell, and 50.00% Neutral.

    According to the market data, Aurora Cannabis Inc (ACB) stock price is $6.385 and the 52 weeks low is $3.71, which means the Aurora Cannabis Inc stock price is up 17.82% in the last 12 months.

    Aurora Cannabis Inc (ACB) Stock Price is not Trending currently as per the Weekly Chart, which means the price may range between specific high and low levels for the next few months, unless some significant changes take place in the market performance or news.

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 16 technical indicators, 12.50% are indicating that ACB Stock price might rise further, 37.50% indicating that ACB Stock price might fall, and 50.00% are in a neutral position.

    Based on these technical algorithms, overall ACB stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Aurora Cannabis Inc (ACB) Stock Forecast By Analysts


    On Hold
    Analysts Recommendations for Aurora Cannabis Inc (ACB) is based on 18 Institutional Analyst Ratings where 0.00% are on Strong Buy, 0.00% on Moderate Buy, 38.89% remains on Hold, 22.22% are on Moderate Sell and 38.89% are on Strong Sell.

    Out of 18 Institutional Analysts, majority recommended ACB stock as On Hold. This means investors are recommended to hold their existing positions if any, otherwise, the recommendation is neither to buy nor sell at this stage. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Aurora Cannabis Inc.

    Aurora Cannabis Inc (ACB) Stock Price Prediction By Analysts


    HighLowAverage
    $9.06$4.75$6.39
    $6.390.1% Upside
    Updated: 2021-09-19 00:00:00

    The Average Price target for ACB set by the institutional analysts is $6.39 where High Estimate is $9.06, Median $6.402461538461538 and Low $4.75.

    The average price target for ACB by Institutional Analysts is $6.39, which is 0.1% Upside from the current price. So according to the Institutional Analysts, ACB Stock might be a bit undervalued at this stage and there’s potential for upside.

    However, although Institutional Analysts set their price targets after extensive research, they’re not always correct. After all, the market is mostly driven by investors speculation and emotion than just concrete numbers.

    Aurora Cannabis Inc (ACB) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    CIBC World MarketsUnderperformMaintained
    CIBC World MarketsDowngraded
    MKM PartnersSellDowngraded
    JefferiesHoldUpgraded
    Stifel NicolausDowngraded
    CIBC World MarketsDowngraded
    MKM PartnersDowngraded
    CowenDowngraded
    CIBC World MarketsUnderperformDowngraded
    ATB CapitalUnderperformDowngraded
    CIBC World MarketsUnderperformDowngraded
    JefferiesUpgraded
    CIBC World MarketsUnderperformUpgraded
    Stifel NicolausUpgraded
    MKM PartnersSellReiterated
    Canaccord GenuityUpgraded
    ATB CapitalSector PerformUpgraded
    CIBC World MarketsUpgraded
    BMO CapitalUnderperformDowngraded
    ATB CapitalSector PerformUpgraded
    JefferiesUnderperformDowngraded
    CowenUpgraded
    CIBC World MarketsUpgraded
    Stifel NicolausDowngraded
    CIBC World MarketsDowngraded
    Piper SandlerNeutralMaintained
    PI FinancialNeutralDowngraded
    MKM PartnersDowngraded
    CowenDowngraded
    ATB CapitalDowngraded
    Canaccord GenuityDowngraded
    Stifel NicolausDowngraded
    ATB CapitalUpgraded
    Ladenburg ThalmannNeutralDowngraded
    CIBC World MarketsDowngraded
    Stifel NicolausHoldUpgraded
    Canaccord GenuityDowngraded
    Altacorp CapitalUpgraded
    CIBC World MarketsUpgraded
    JefferiesUnderperformUpgraded
    MKM PartnersUpgraded
    CIBC World MarketsDowngraded
    Canaccord GenuityDowngraded
    CowenDowngraded
    Piper SandlerNeutralUpgraded
    Eight CapitalUpgraded
    CowenDowngraded
    JefferiesDowngraded
    MKM PartnersDowngraded
    NeedhamHoldInitiated
    CIBC World MarketsDowngraded
    Canaccord GenuityDowngraded
    PI FinancialNeutralDowngraded
    CIBC World MarketsDowngraded
    Stifel NicolausDowngraded
    Eight CapitalNeutralDowngraded
    Canaccord GenuityHoldDowngraded
    Piper SandlerUnderweightDowngraded
    B of A SecuritiesNeutralDowngraded
    JefferiesHoldDowngraded
    Laurentian BankBuyInitiated
    PI FinancialBuyDowngraded
    Cantor FitzgeraldOverweightUpgraded
    Cantor FitzgeraldNeutralReiterated
    Piper JaffrayNeutralMaintained
    JefferiesDowngraded
    CIBC World MarketsNeutralInitiated
    MKM PartnersSellInitiated
    Stifel NicolausSellDowngraded
    StifelSellDowngraded
    Desjardins SecuritiesBuyDowngraded
    Bank of AmericaNeutralDowngraded
    Ladenburg ThalmannBuyInitiated
    Stifel NicolausHoldInitiated
    JefferiesUpgraded
    DesjardinsBuyInitiated
    Bank of AmericaBuyInitiated
    Cowen & Co.OutperformInitiated
    CowenOutperformInitiated
    JefferiesBuyInitiated
    Seaport GlobalNeutralInitiated
    Eight CapitalDowngraded
    Canaccord GenuityUpgraded
    Eight CapitalBuyInitiated
    Canaccord GenuitySpeculative BuyUpgraded
    Canaccord GenuityHoldDowngraded
    Canaccord GenuityUpgraded
    Canaccord GenuitySpeculative BuyUpgraded
    Canaccord GenuityMaintained
    Canaccord GenuityMaintained
    Canaccord GenuitySpeculatie BuyMaintained

    Aurora Cannabis Inc (ACB) Stock Earning Per Share (EPS) Forecast / Estimate


    $-0.222
    The average consensus EPS for ACB is $-0.222 with a high estimate of $-0.189 and Low of $-0.255 for the period 2021-12-31 and based on 6 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $-0.36$-0.24913672021-06-30


    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $-0.82$-0.22568452021-09-30
    $-0.36$-0.24913672021-06-30
    $-0.56$-0.405444300000000042021-03-31
    $-2.7$-2.60832500000000022020-12-31
    $-1.32$-0.76755962020-09-30
    $-1.08$-0.67375082020-06-30
    $0.12$-0.52152360000000012020-03-31
    $0$-0.59533439999999992019-12-31
    $-0.6$-0.70017242019-09-30
    $-3$-0.72722019-06-30
    $-0.96$-0.48482019-03-31
    $-1.8$-0.3032018-12-31
    $-0.36$-0.12122018-09-30
    $-0.24$-0.12122018-06-30
    $-0.12$-0.16155962018-03-31
    $0$0.04035962017-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).