Aurora Cannabis (TSE:ACB) Shares Climb 19.9% – Should You Buy?

Aurora Cannabis Inc. (TSE:ACB)’s share price shot up 19.9% during mid-day trading on Tuesday. The company traded as high as C$7.20 and last traded at C$7.06. Approximately 1,969,414 shares were traded during trading, an increase of 382% from the average daily volume of 408,543 shares. The stock had previously closed at C$5.89.

Analyst Ratings Changes

A number of equities analysts have issued reports on ACB shares. BMO Capital Markets raised shares of Aurora Cannabis to a “hold” rating in a report on Wednesday, August 5th. ATB Cormark Capital Markets increased their target price on shares of Aurora Cannabis from C$5.60 to C$7.00 and gave the company a “tender” rating in a research report on Tuesday, October 6th. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$6.67.

Aurora Cannabis Trading Up 21.6%

The firm has a 50-day simple moving average of C$5.69 and a 200-day simple moving average of C$4.93. The stock has a market cap of C$443.61 million, a PE ratio of -3.69 and a beta of 0.64. The company has a quick ratio of 2.48, a current ratio of 5.36 and a debt-to-equity ratio of 4.30.

Aurora Cannabis (TSE:ACB) last announced its earnings results on Wednesday, August 5th. The company reported C($0.07) earnings per share (EPS) for the quarter. Aurora Cannabis had a negative return on equity of 5.21% and a negative net margin of 9.53%. The company had revenue of C$67.55 million during the quarter. Equities analysts forecast that Aurora Cannabis Inc. will post -0.22 earnings per share for the current year.

Aurora Cannabis Company Profile

Aurora is Opening the World to Cannabis ¿, serving both the medical and consumer markets across Canada, Europe, Australia and New Zealand. Headquartered in Edmonton, Alberta, Aurora is a pioneer in global cannabis, dedicated to helping people improve their lives. The Company’s adult-use brand portfolio includes Drift , San Raf , Daily Special ¿, Tasty’s ¿, Being and Greybeard . Medical cannabis brands include MedReleaf , CanniMed , Aurora and Whistler Medical Marijuana Corporation , as well as international brands, Pedanios , IndiMed ¿ and CraftPlant ¿.