A stock’s 52-week high and low prices can offer a wealth of information about its current standing and prospective future performance. Aurora Cannabis Inc’s current trading price is -29.30% away from its 52-week high, while its distance from the 52-week low is 132.75%. The stock’s price range for this time frame has been between $2.84 and $9.35. The trading volume of the company’s shares in the Healthcare reached around 7.33 million for the day, which was evidently higher than the average daily volume of 2.4 million over the last three months.
Aurora Cannabis Inc had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $9.35 on 04/30/24, while the lowest price during the same period was $2.84 on 03/14/24.
How Financial Performance Impacts Market Capitalization
Aurora Cannabis Inc (ACB) has experienced a quarterly rise of 29.10% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 362.76M and boasts a workforce of 1073 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 4.84, with a change in price of +0.71. Similarly, Aurora Cannabis Inc recorded 1,903,791 in trading volume during the last 100 days, posting a change of +12.03%.
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 0.18. Similarly, the long-term debt-to-equity ratio is also 0.07.
ACB Stock Stochastic Average
The raw stochastic average for Aurora Cannabis Inc over the last 50 days is presently at 91.39%. This reflects a surge from the raw stochastic average of the previous 20 days, which was noted at 91.39%. Further, the company’s Stochastic %K and %D values for the last 20 days were 86.60% and 78.41%, respectively.
ACB Stock Price Performance Analysis
The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. The index has shown a price gain of 55.53% this year. Over the last six months, there has been a stronger performance of -6.24%. The price of ACB fallen by 49.55% during the last 30 days period. For the last 5-days stocks have improved 91.04%.
