Aurora Cannabis (TSE:ACB) Trading 0.8% Higher – Should You Buy?

Aurora Cannabis Inc. (TSE:ACB)’s stock price shot up 0.8% on Tuesday . The company traded as high as C$4.01 and last traded at C$3.91. 677,940 shares traded hands during mid-day trading, an increase of 71% from the average daily volume of 395,573 shares. The stock had previously closed at C$3.88.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ACB. TD decreased their target price on shares of Aurora Cannabis from C$10.00 to C$8.00 and set a “buy” rating on the stock in a research report on Friday, June 12th. Canaccord Genuity Group cut their price target on Aurora Cannabis from C$6.50 to C$5.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of C$7.17.

Aurora Cannabis Stock Up 2.7%

The company has a debt-to-equity ratio of 4.66, a quick ratio of 2.48 and a current ratio of 5.94. The company has a market cap of C$258.30 million, a PE ratio of -1.95 and a beta of 0.25. The firm has a fifty day simple moving average of C$4.12 and a 200 day simple moving average of C$4.65.

Aurora Cannabis (TSE:ACB) last announced its quarterly earnings data on Wednesday, August 5th. The company reported C($0.07) earnings per share for the quarter. Aurora Cannabis had a negative return on equity of 7.25% and a negative net margin of 12.13%.The company had revenue of C$67.55 million for the quarter. Equities research analysts predict that Aurora Cannabis Inc. will post -0.22 EPS for the current year.

About Aurora Cannabis

Aurora Cannabis, headquartered in Edmonton, Canada, cultivates and sells medicinal and recreational cannabis through a portfolio of brands that includes Aurora, CanniMed, Daily Special, MedReleaf, and San Rafael ’71. Although the company primarily operates in Canada, it has expanded internationally through medical cannabis exporting agreements or cultivation facilities in more than 20 countries.