ACB Stock Summary and Trading Ideas (Aurora Cannabis - Common Shares | NASDAQ:ACB)

Aurora Cannabis, headquartered in Edmonton, Canada, cultivates and sells medicinal and recreational cannabis through a portfolio of brands that includes Drift, San Rafael '71, Daily Special, Whistler, Being, and Greybeard. Although the company primarily operates in Canada, it has expanded internationally through medical cannabis exporting agreements.

Aurora Cannabis - Common Shares trades on the NASDAQ stock market under the symbol ACB.

As of December 20, 2024, ACB stock price climbed to $4.27 with 608,989 million shares trading.

ACB has a beta of 0.88, meaning it tends to be less sensitive to market movements. ACB has a correlation of 0.02 to the broad based SPY ETF.

ACB has a market cap of $234.33 million. This is considered a Small Cap stock.

Last quarter Aurora Cannabis - Common Shares reported $59 million in Revenue and $.04 earnings per share. This beat revenue expectation by $9 million and exceeded earnings estimates by $.25.

In the last 3 years, ACB traded as high as $61.88 and as low as $2.84.

The top ETF exchange traded funds that ACB belongs to (by Net Assets): MJ, GWX, DXIV.

ACB has underperformed the market in the last year with a price return of -8.4% while the SPY ETF gained +27.8%. ACB has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -25.3% and -4.9%, respectively, while the SPY returned +4.4% and -2.4%, respectively.

ACB support price is $3.97 and resistance is $4.23 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ACB shares will trade within this expected range on the day.