InvestorsObserver is giving Aurora Cannabis Inc (ACB) an Analyst Rating Rank of 18, meaning ACB is ranked higher by analysts than 18% of stocks. The average projection by analysts for ACB is $12.272 over the next 12 months and analyst’s classify the stock as a Buy
Why are Analyst Ratings Important?
A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
Investors Observer averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What's Happening With Aurora Cannabis Inc Stock Today?
Aurora Cannabis Inc (ACB) stock is trading at $10.18 as of 2:10 PM on Friday, Jul 31, a decline of -$0.36, or -3.42% from the previous closing price of $10.54. The stock has traded between $10.12 and $10.78 so far today. Volume today is light. So far 2,018,418 shares have traded compared to average volume of 3,956,119 shares.