ACB stock: buy or sell?
May 20th, 2019
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. Having a trading strategy helps to make decisions easier, quicker and with less hesitations. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
None of our preferred buy setups matches with Aurora Cannabis stock situation right now, therefore this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Aurora Cannabis stock a buy?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we collected 7 ratings published for ACB stock in the last 30 days. The general sentiment of these ratings is bullish for ACB stock, with 4 positive ratings.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-4-17||Bank of America||n/a||Buy|
|2019-2-25||Jefferies Financial Group||n/a||Buy|
|2019-2-21||Seaport Global Securities||n/a||Neutral|
|2019-2-19||BMO Capital Markets||n/a||Market Perform|
ACB stock analysis
Shares of Aurora Cannabis slipped a rough -2.19% and closed at $8.49.
Aurora Cannabis shares slipped -2.19% to $8.49 today. Since SMA100d and SMA200d crossed up on Apr 17th, ACB price slid a -4.39%. Since January when ACB stock price broke up the SMA200d line, it gained $1.87 (28.25%).
Aurora Cannabis depreciated an awful -2.19% this week. Early May ACB collapsed a frightening -5.27% in just one week.
Since SMA20w and SMA40w crossed up early April, ACB price slid a -7.42%. Since price and SMA40w lines crossed up late January, ACB climbed $2.05 (31.83%).
ACB stock price history
ACB IPO was on September 14th, 2000 at $20.18 per share1. Since then, ACB stock declined a -57.90%, with a yearly average of -3.20%.
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 $64.20Nobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. We found 3 price predictions for Aurora Cannabis stock published in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-4-17||Bank of America||Initiates||n/a||$11.00||-|
|2019-2-19||BMO Capital Markets||Raises Target||n/a||$172.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince February, when Aurora Cannabis posted its last earnings report, it skyrocketed an amazing 18.41%. As soon as we get its posted EPS from the earnings report, we will extend this review.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw an outstanding gain of 205.51% to $55.20 million dollars. When comparing 2018 vs 2017, in the same way, profit margin (that is, the net income divided by revenues) rocketed a 202.11% to 130.33%. To have an up to date view of the financial situation of Aurora Cannabis, we have calculated the trailing twelve month (TTM) sales and income figures. TTM values are the sum of the last 4 quarters and aproximate to an annual fiscal report ending in 2018-Q4 that can be compared to 2018 fiscal year results. Annual Aurora Cannabis TTM sales up to December 2018 were $121.38 and income was $-71.64 million USD. When comparing this TTM figures with the last reported annuality, we can esteem Aurora Cannabis business evolution since June 2018: Annual turnover up to December, compared to lastest yearly report, skyrocketed an extraordinary 119.90%. Regarding profit margin, Aurora Cannabis plummed -189.35% to 130.33%
|2016||$1.44 M||-||$-5.72 M-397.7%||-|
|2017||$18 M||1,155.29%||$-12.97 M-71.8%||126.57%|
|2018||$55 M||205.51%||$72 M130.3%||-654.72%|
|TTM||$121 M||119.90%||$-71.64 M-59.0%||-199.58%|
Quarterly financial resultsAurora Cannabis posted $54.18 M in sales for 2018-Q4, a 69.56% improvement compared to previous quarter. Reported quarter income marked $-237.75 M with a profit margin of -438.83%. Profit margin collapsed a -768.89% compared to previous quarter when profit margin was 330.05%. When comparing turnover to same quarter last year, Aurora Cannabis sales marked and a . Looking back to recent quarterly results, Aurora Cannabis posted 3 positive quarters in a row.
|2018-Q1||$16 M||-||$-19.22 M-119.3%||-|
|2018-Q2||$19 M||18.93%||$79.87 M417.1%||-515.66%|
|2018-Q3||$32 M||66.88%||$105.46 M330.1%||32.04%|
|2018-Q4||$54 M||69.56%||$-237.75 M-438.8%||-325.44%|
Aurora Cannabis ownershipWhen you are planning to buy a company, it's always worth to review its ownership structure.
Aurora Cannabis shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 3.04% of all shares.
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.
For a better understanding, the next table shows ownership data compared to other related stocks:
|Market cap||$8.2 B|
|Total shares||965.1 M|
|Float shares||953.5 M|
|- Institutional holdings (%)||12.2%|
|- Insider holdings (%)||3.0%|
|Shares in short selling||0.0%|
|Monday, May 20th, 2019|
|Day range||$8.44 - $8.64|
|Average true range||$0.39|
|50d mov avg||$8.93|
|100d mov avg||$7.84|
|200d mov avg||$7.43|
Aurora Cannabis performanceTo measure stock performance is always good to benchmark with competitors or related stocks. In the following table, we compare Aurora Cannabis to :