|Bid||9.82 x 0|
|Ask||9.83 x 0|
|Day's Range||9.77 - 10.08|
|52 Week Range||5.29 - 16.24|
|Beta (3Y Monthly)||2.37|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
As of June 21, Aurora Cannabis was trading at 13.9x. Over this period, the peer median was also trading lower at 5.8x, which was almost 9.5% lower than our previous update. Thus, Aurora Cannabis has been pretty resilient compared to its peers.
Marijuana stocks have been a volatile but largely outperforming group in 2019. But an analyst warns that while some companies are living up to the hype, others have risen too far, too fast.
Aurora Cannabis (ACB) has been on a downtrend since March this year and the decline accelerated after it released its earnings on May 14. The company has lost almost 12% since then, while the Horizons Marijuana Life Sciences ETF (HMMJ) has lost about 6%.
On June 21, Aurora Cannabis (ACB) announced that in the fall it will launch a national awareness campaign to educate retailers and consumers about safe cannabis consumption and usage. In effect, the derivative products that Aurora Cannabis plans to launch include vaping products as well as edibles and concentrates.
Aurora Cannabis is on track to be the one of the first big marijuana firms to turn a profit. That could come as soon as this quarter, a top pot analyst said.
On June 21, Aurora Cannabis (ACB) made an announcement that indicated that it will move towards higher margin vape products. In addition, the company also believes concentrates and edibles will command higher margins. In anticipation of this development, the company announced the expansion of its facility to capitalize on growth related to these segments.
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