ACB stock: buy or sell?

ACB stock price: $7.01 3.55% At close on July 15th, 2019

Updated on:
July 15th, 2019

1

After sliding a hair-raising -6.06% on Friday, Aurora Cannabis closed today at $7.01 and boosted an impressive 3.55%.

Should I buy ACB stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to define your own trading plan that matches with your character as inversor. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, Aurora Cannabis stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean ACB will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Aurora Cannabis stock a buy?

Banks and financial institutions publish stock ratings everyday. At Stocks2.com, we collected 8 ratings published for ACB stock in the last month.

The general sentiment of these ratings is bullish for ACB stock, with 4 positive ratings.
Is ACB a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-7-8Compass PointNeutralNeutral
2019-4-17Bank of American/aBuy
2019-3-5Cowenn/aOutperform
2019-3-13GMP SecuritiesHoldBuy
2019-2-25Jefferies Financial Groupn/aBuy
2019-2-21Seaport Global Securitiesn/aNeutral
2019-2-19BMO Capital Marketsn/aMarket Perform
2019-2-12GMP Securitiesn/aHold

ACB stock analysis

Daily outlook

After sliding a hair-raising -6.06% on Friday, Aurora Cannabis closed today at $7.01 and boosted an impressive 3.55%.

After sliding a hair-raising -6.06% on Friday, Aurora Cannabis closed today at $7.01 and boosted an impressive 3.55%. Since April when SMA100d and SMA200d crossed up, ACB price slipped $-1.87 per share (-21.06%).

ACB stock chart (daily)

Weekly outlook

After sliding a spooky -11.37% in a week last week, Aurora Cannabis closed this week at $7.01 and rose a remarkable 3.55%. Late June ACB boosted a dazzling 6.65% in just one week.

Since price and 40-weeks moving average lines crossed down last week, ACB fell $-0.53 per share (-7.03%). Stocks below the 200d moving average line are usually not recommended for average traders. Since SMA20w and SMA40w crossed up early April, ACB price slid a -23.56%.

ACB stock chart (weekly)

ACB stock price history

ACB IPO was on September 14th, 2000 at $20.18 per share1. Since then, ACB stock lost a -65.30%, with a yearly average of -3.60%.

1: Adjusted price after possible price splits or reverse-splits.

ACB stock historical price chart

ACB stock reached 52-week highs on October at $12.53, and all-time highs 2000-11-01 with a price of 22.83.

ACB stock price target is $64.20

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. You should not follow the analysts' ACB stock price predictions in the hope that they will be met as they may be wrong and not met. We have 3 price predictions for Aurora Cannabis stock published in the last month:
ACB stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-4-17Bank of AmericaInitiatesn/a$11.00-
2019-2-19BMO Capital MarketsRaises Targetn/a$172.00-
2019-2-12GMP SecuritiesReiteratesn/a$9.50-
(in average)$0.00$64.200.0%
Moving in a range from $172.00 and $9.50, the price prediction for ACB stock is $64.20. In average, analysts' outlook on ACB price target is stable from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since last February, when Aurora Cannabis posted its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
ACB earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2018-Q12018-05-08n/a-0.04n/a
2018-Q22018-09-25n/a0.13n/a
2018-Q32018-11-12n/a0.09n/a
2018-Q42019-02-11n/a-0.04n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual sales report draw an extraordinary gain of 205.51% to $55.20 M USD. When comparing 2018 vs 2017, in the same way, profit margin (that is, the net income divided by revenues) skyrocketed a 202.11% to 130.33%.

Aurora Cannabis presents anual results in June, and to evaluate its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Aurora Cannabis TTM sales up to December 2018 were $121.38 and income $-71.64 million USD. When comparing this TTM figures with the last reported annuality, we can review Aurora Cannabis business evolution since June 2018: Annual turnover up to December, compared to lastest yearly report, boosted an outstanding 119.90%. Nevertheless, profit margin (net income/revenues) collapsed at 130.33%.

ACB annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2016$1.44 M-$-5.72 M-397.7%-
2017$18 M1,155.29%$-12.97 M-71.8%126.57%
2018$55 M205.51%$72 M130.3%-654.72%
TTM $121 M119.90%$-71.64 M-59.0%-199.58%

Quarterly financial results

Aurora Cannabis posted $54.18 million in sales for 2018-Q4, a 69.56% improvement compared to previous quarter. Reported quarter earnings marked $-237.75 M with a profit margin of -438.83%. Profit margin plunged a -768.89% compared to previous quarter when profit margin was 330.05%. When comparing sales to same quarter last year, Aurora Cannabis sales marked and a . Looking back to recent quarterly results, Aurora Cannabis posted 3 negative quarters in a row.
ACB quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2018-Q1$16 M-$-19.22 M-119.3%-
2018-Q2$19 M18.93%$79.87 M417.1%-515.66%
2018-Q3$32 M66.88%$105.46 M330.1%32.04%
2018-Q4$54 M69.56%$-237.75 M-438.8%-325.44%

Aurora Cannabis ownership

When you are planning to buy shares of a company, it's always worth to check its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Aurora Cannabis, 3.04% of all outstanding shares are owned by its staff.

In case of Aurora Cannabis stock, 12.15% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for ACB stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Aurora Cannabis:

ACB
Market cap$0.0 M
Total shares0.0 M
Float shares973.5 M
  - Institutional holdings (%)12.2%
  - Insider holdings (%)3.0%
Shares in short selling0.0%

ACB summary

Monday, July 15th, 2019
Open$6.79
Close$7.01
Day range$6.62 - $7.05
Previous close$6.77
Session gain3.55%
Average true range$0.24
50d mov avg$7.89
100d mov avg$8.28
200d mov avg$7.67
Daily pattern
Weekly pattern lt03b

Aurora Cannabis performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. We picked as the bechmarking frame for Aurora Cannabis stock.
Stock3m6m12m
ACBAurora Cannabis-22.11%8.85%24.29%

Aurora Cannabis competitors

Unfortunately, we could not find any public company that could be defined as Aurora Cannabis competitor. This doesn't mean Aurora Cannabis does not have any competitor in the market, it's just we could not detected it.