Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Aurora Cannabis Inc’s current trading price is -73.78% away from its 52-week high, while its distance from the 52-week low is 6.16%. The stock’s price range during this period has varied between $2.84 and $11.50. The company, active in the Healthcare sector, saw a trading volume of around 0.79 million for the day, considerably lower average daily volume of 0.83 million observed over the last three months.
Aurora Cannabis Inc’s stock has had a tumultuous market performance. The 1-year high for the company’s stock was $11.50 on 09/12/23, and the lowest price during the same period was recorded at $2.84 on 03/14/24.
How Financial Performance Impacts Market Capitalization
Aurora Cannabis Inc (ACB) has experienced a quarterly decline of -37.19% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 47.43M and boasts a workforce of 1130 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 4.24, with a change in price of -1.46. Similarly, Aurora Cannabis Inc recorded 802,006 in trading volume during the last 100 days, posting a change of -32.77%.
How ACB’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for ACB stands at 0.20. Similarly, the long-term debt-to-equity ratio is also 0.15.
ACB Stock Stochastic Average
As of today, the raw stochastic average of Aurora Cannabis Inc over the past 50 days is 7.95%. This is a decrease compared to the raw stochastic average of the last 20 days, which was recorded at 14.68%. Additionally, the Stochastic %K and %D values for the company were 9.72% and 8.44%, respectively, over the past 20 days.
ACB Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -36.69%.However, over the last six months, we can see a stronger performance of -64.24%. Over the last 30 days, the price of ACB has leaped by -24.44%. And in the last five days, it has fallen by -5.19%.
