Cannabis Stock Surges -1.27% Wednesday; What Do Analysts Think The Future Is For Aurora Cannabis Inc (ACB)?

Aurora Cannabis Inc (ACB), a player in the cannabis market, is higher by -1.27% Wednesday as it outperforms the market as a whole. Analysts who follow Aurora Cannabis Inc (ACB) on average expect it to rise 53.70% over the next twelve months. Those same analysts give the stock an average rating of Hold. That average rating earns Aurora Cannabis Inc an Analyst Ranking of 5, which means it ranks higher than 5 of stocks, based on data compiled by InvestorsObserver.

Wall Street analysts are rating ACB a Hold today. Find out what this means to you and get the rest of the rankings on ACB!

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Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Aurora Cannabis Inc Stock Today?

Aurora Cannabis Inc (ACB) stock is trading at $0.46 as of 12:10 PM on Wednesday, Nov 22, a drop of -$0.01, or -1.27% from the previous closing price of $0.47. The stock has traded between $0.46 and $0.47 so far today. Volume today is less active than usual. So far 1,129,266 shares have traded compared to average volume of 8,004,486 shares. Click Here to get the full Stock Report for Aurora Cannabis Inc stock.