Aurora Cannabis (NASDAQ:ACB) Shares Up 2% – Still a Buy?

Shares of Aurora Cannabis Inc. (NASDAQ:ACB) were up 2% on Monday . The stock traded as high as $4.64 and last traded at $4.58. Approximately 712,675 shares traded hands during trading, a decline of 54% from the average daily volume of 1,562,231 shares. The stock had previously closed at $4.49.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Aurora Cannabis from a “hold” rating to a “sell” rating in a research note on Friday, June 27th.

Aurora Cannabis Stock Up 2.0%

The company has a debt-to-equity ratio of 0.13, a current ratio of 4.31 and a quick ratio of 2.16. The firm has a 50-day moving average of $5.01 and a 200 day moving average of $4.75. The stock has a market capitalization of $257.44 million, a price-to-earnings ratio of 41.64 and a beta of 1.75.

Aurora Cannabis (NASDAQ:ACB) last announced its quarterly earnings results on Wednesday, June 18th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.04). The firm had revenue of $63.34 million during the quarter, compared to analyst estimates of $88.85 million. Aurora Cannabis had a net margin of 1.32% and a return on equity of 0.13%. As a group, sell-side analysts forecast that Aurora Cannabis Inc. will post 0.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. grew its holdings in Aurora Cannabis by 4.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 743,903 shares of the company’s stock valued at $3,266,000 after buying an additional 29,099 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Aurora Cannabis by 9,615.6% in the first quarter. Jones Financial Companies Lllp now owns 52,270 shares of the company’s stock valued at $229,000 after acquiring an additional 51,732 shares during the period. Cubist Systematic Strategies LLC grew its stake in shares of Aurora Cannabis by 358.6% in the first quarter. Cubist Systematic Strategies LLC now owns 238,460 shares of the company’s stock valued at $1,047,000 after acquiring an additional 186,462 shares in the last quarter. State of Wyoming bought a new position in Aurora Cannabis during the first quarter worth about $94,000. Finally, Northwest & Ethical Investments L.P. acquired a new stake in Aurora Cannabis in the 1st quarter worth about $452,000. Institutional investors and hedge funds own 47.63% of the company’s stock.

Aurora Cannabis Company Profile

Aurora Cannabis Inc, together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation. The company produces, distributes, and sells medical and consumer cannabis products in Canada.