ACB stock is lower by 0.2% Friday as the pot stock decreases $0.01 and underperforms the market. Analysts who follow Aurora Cannabis Inc (ACB) on average expect it to increase 29.12% over the next twelve months. Those same analysts give the stock an average rating of Hold.
That average rating earns ACB an Analyst Ranking of 1, which means it ranks higher than 1 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!
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 $3.99 as of 2:27 PM on Friday, Apr 1, a loss of -$0.01, or -0.2% from the previous closing price of $4.00. Volume today is high. So far 12,358,181 shares have traded compared to average volume of 8,090,595 shares. The stock has traded between $3.93 and $4.22 so far today.
Click Here to get the full Stock Report for Aurora Cannabis Inc stock.
Share this article:
Stay In The Know
Subscribe to our daily morning update newsletter and never miss out on the need-to-know market news, movements, and more.
Thank you for signing up! You're all set to receive the Morning Update newsletter
