|Bid||15.82 x 1100|
|Ask||15.85 x 2900|
|Day's Range||15.34 - 16.89|
|52 Week Range||5.30 - 102.36|
|Beta (5Y Monthly)||1.40|
|PE Ratio (TTM)||74.12|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Aurora Cannabis Inc. (TSX:ACB)(NYSE:ACB) stock has surged after its Q3 2020 earnings release, while cannabis sales have surged during the pandemic.The post Aurora Cannabis (TSX:ACB) Stock: Is the Rally for Real? appeared first on The Motley Fool Canada.
Months before COVID-19, the marijuana industry was already plagued with problems. Investors lost interest in the Aurora Cannabis stock because of very poor performance. This weed stock is in danger of falling to $0 if it continues reporting lethargic results.The post Aurora Cannabis (TSX:ACB) Stock: $0 Is a Very Real Possibility appeared first on The Motley Fool Canada.
Aurora Cannabis (NYSE: ACB) stock has skyrocketed by a triple-digit percentage in recent days after the Canadian cannabis producer reported better-than-expected fiscal 2020 third-quarter results. You might think that after this huge gain, Aurora is outperforming rival Cronos Group (NASDAQ: CRON), which posted Q1 results earlier this month that were below expectations. Which of these two marijuana stocks is the better pick going forward?
As a result, many investors are increasingly looking for stability in a volatile stock market. One cannabis company that has been making a lot of noise over the past couple of weeks or so is none other than Aurora Cannabis (NYSE: ACB). Aurora posted a string of poor financial performances last year and earlier in 2020.
Aurora Cannabis's (NYSE: ACB) stock has been wildly fluctuating since the release of its better-than-expected Q3 earnings report May 14 in which the company acknowledged $53.8 million in sales. First, Aurora's stock had an unusually strong day, surging upwards of 70% on Monday. Aurora may soon try to frame its favorable Q3 earnings as a hard-fought success in a market environment where wins are hard to come by.
In Statistics Canada's latest monthly domestic retail sales update, the government's official numbers cruncher revealed that cannabis sales rose by 19% on a month-over-month basis in March to $181 million Canadian (US$130 million). Much of this, it has to be said, is likely due to "stocking up" behavior among cannabis consumers. March is when mandatory business shutdowns necessitated by the the SARS-CoV-2 coronavirus began in many locations, Canada included.
Shares of Aurora Cannabis (NYSE: ACB) sank 6.6% on Friday after analysts at Jefferies downgraded the popular marijuana stock. Jefferies lowered its rating on Aurora's stock from hold to underperform. The investment bank says the recent surge in Aurora's share price is too much, too fast.
Aurora Cannabis (TSX:ACB)(NYSE:ACB) has made four disposals and one acquisition so far in May in its quest to achieve an operating earnings positive quarter later this year.The post Aurora Cannabis (TSX:ACB): 5 Transformative Moves in May appeared first on The Motley Fool Canada.
Aurora Cannabis shares have climbed more than 140 per cent in five trading days, prompting a warning from Jefferies analyst Owen Bennet about persistent challenges facing the pot producer.
For years, there was no hotter investment on the planet than marijuana stocks. Regulatory-based supply issues in Canada, stubbornly high tax rates in the U.S., and financing concerns throughout North America have haunted the industry and sent pot stock valuations tumbling. Arguably the biggest disappointment of all has been Aurora Cannabis (NYSE: ACB).
Mega-caps like Apple saw its equity crash, only to later grow far beyond once expensive valuations. In Canada, federal legalization is in year two of its highly publicized roll out. Just like for technology 20 years ago, help for the cannabis industry is on the way as well.
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (14,884.85, down 112.78 points.)Sun Life Financial Inc. (TSX:SLF). Financials. Up 18 cents, or 0.38 per cent, to $47.06 on 25.2 million shares.Manulife Financial Corp. (TSX:MFC). Financials. Down two cents, or 0.12 per cent, to $16.15 on 17 million shares.The Green Organic Dutchman Holdings. (TSX:TGOD). Health care. Down three cents, or 6.52 per cent, to 43 cents on 15.5 million shares.Bombardier Inc. (TSX:BBD.B). Industrials. Down 1.5 cents, or three per cent, to 48.5 cents on 11.7 million shares.Zenabis Global Inc. (TSX:ZENA). Health care. Up one cent, or 6.67 per cent, to 16 cents on 11.1 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Up $6.29, or 35.32 per cent, to $24.10 on 9 million shares.Companies in the news:Canada Goose Holdings Inc. (TSX:GOOS). Up $1 or 3.5 per cent to $29.33. More retailers have announced layoffs and store closures at their Canadian operations as they continue to grapple with the impacts of the COVID-19 pandemic. Canada Goose Holdings Inc. announced Wednesday it would lay off 125 employees, or about 2.5 per cent of its more than 5,000-person workforce. It was a "difficult, but responsible decision," the company said in a statement. The Toronto-based retailer closed its North American and European retail stores on March 17, joining a wave of government mandated and voluntary store closures to help curb the spread of the virus.STEP Energy Services Ltd. (TSX:STEP). Down 4.5 cents or 9.7 per cents to 42 cents. Canada's oilfield services sector is in for "an immense amount of pain" over at least the next year thanks to low North American oil and gas exploration activity amid a worldwide glut of cheap crude, according to a report from CIBC. Drilling and well completion companies stand to suffer the most as producers will be reluctant to reverse cuts in spending and production linked to the COVID-19 pandemic and its affect on fuel demand, the analysts warn. On Thursday, Calgary-based STEP Energy Services Ltd. was the latest oilfield service provider to report a series of measures to deal with sharply lower demand that began in mid-March. The measures include job cuts, wage rollbacks, parked equipment and reduced capital spending in its hydraulic fracturing and coiled tubing well service operations in Canada and the U.S.Heroux-Devtek Inc. (TSX:HRX). Up 43 cents or 4.8 per cent to $9.40. Landing gear manufacturer Heroux-Devtek Inc. intends to focus on the defence side of its business to overcome a slow recovery expected in commercial aviation due to COVID-19. Chief executive Martin Brassard said the Quebec-based company is "optimistic" about its growth prospects in this area, adding that it will take two to three years before commercial aviation returns to the level of activity that prevailed before the pandemic. Heroux-Devtek lost $72 million or $1.98 per share in the fourth quarter following $85.8 million in non-cash impairment charges to reflect the forecast drop in commercial sector demand. That compared with a $12-million or 34 cents per share profit a year earlier.Shopify Inc. (TSX:SHOP). Up $41.22 or 3.8 per cent to $1,118.22. The head of Shopify Inc. has declared that "office centricity is over" as the company moves to a permanent remote-work model for most employees, with no intention of reopening offices this year. Shopify offices will remain closed until 2021, and then reopen with a significant shift in purpose as the company looks to make the remote work experience the same as for those in the office. Chief executive Tobi Lutke said COVID is challenging us all to work together in new ways. Lightspeed POS Inc. (TSX:LSPD). Up $9.38 or 37.8 per cent to $34.18. Shares in Lightspeed POS Inc. surged Thursday after it reported revenue in its latest quarter increased 70 per cent compared with a year ago as demand for its e-commerce offerings soared in the wake of the COVID-19 pandemic. However, the retail payment technology firm said it expects the total dollar volume of transactions by its customers and demand for its services will be impacted and business failures among its customers, which includes restaurants and retailers, will increase so long as physical distancing measures remain in place in the core markets it serves.This report by The Canadian Press was first published May 21, 2020.The Canadian Press
Shares of Aurora Cannabis (NYSE: ACB) soared on Thursday after the marijuana producer said it reached an agreement to acquire a leading U.S.-based CBD brand. As of 2:50 p.m. EDT, Aurora's stock was up more than 28%. After the market closed on Wednesday, Aurora announced that it struck a deal to acquire Reliva LLC, a popular retail cannabidiol (CBD) brand in the U.S.
Shares of Aurora Cannabis are continuing their rollercoaster ride, climbing more than 30 per cent on Thursday following the announcement of a deal to expand the company’s reach south of the border.
Consider Aurora Cannabis Inc. (TSX:ACB)(NYSE:ACB) and another stock if you're a young investor seeking to grow your TFSA wealth at an above-average rate.The post TFSA Wealth: 2 Top Stocks I'd Buy Right Now appeared first on The Motley Fool Canada.
Aurora Cannabis (NYSE: ACB) has been in the news a lot lately, and it made a strategic move that caused its stock to soar Thursday. Meanwhile, United Airlines Holdings (NASDAQ: UAL) continued to gain altitude as carriers aim to find a pathway toward getting passengers back into the skies. Shares of Aurora Cannabis jumped 26% on Thursday morning.
Aurora Cannabis (NYSE: ACB) is making a long-awaited move into the largest legal cannabis market in the world. Cannabidiol is one of the many compounds found in cannabis plants. Reliva is a leading seller of hemp-derived CBD products in the U.S. Its products can be found in more than 20,000 retail stores across the country.
Despite being the first industrialized country to legalize adult-use pot in the modern era, Canada's ambitions of being a marijuana leader have gone up in smoke.
Aurora Cannabis (NYSE: ACB) used to be one of the biggest names in the cannabis market. While there is still plenty of concern over Aurora's long-term financial health, investors were impressed by better-than-expected results from the company's fiscal third-quarter earnings report. Shares of Aurora ended up surging in response to the news, with many investors wondering whether the once-great cannabis giant is now on the rise again.
EDMONTON — Aurora Cannabis Inc. says it is entering the U.S. market by acquiring hemp-based cannabidiol company Reliva LLC.Edmonton-based Aurora will acquire all of the issued and outstanding membership interests of Reliva, while Reliva members will receive roughly US$40 million in Aurora's common shares.If Reliva achieves certain financial targets, the transaction includes a potential earn-out of up to a maximum US$45 million payable in Aurora shares, cash or a combination over the next two years.The transaction is subject to closing conditions, but is expected to be complete by June.Aurora says it was attracted to Reliva because of its management team's experience selling and marketing regulated consumer packaged goods, its relationships with critical trade partners that provide a U.S. national distribution footprint and its financial discipline.The deal comes months after Aurora embarked on a restructuring plan that involved taking $1 billion in writedowns and laying off 500 employees.This report by The Canadian Press was first published May 20, 2020.Companies in this story: (TSX:ACB)The Canadian Press
Aurora Cannabis Interim CEO Michael Singer and Reliva CEO Miguel Martin join Yahoo Finance’s Zack Guzman to discuss Aurora’s acquisition of Reliva, and more.
Colorado Representative Ed Perlmutter joins Yahoo Finance’s Zack Guzman to discuss the future of cannabis in the U.S., along with his outlook on future stimulus legislation.
Aurora Cannabis shares surge after the company agreed to buyout U.S. CBD company Reliva. Yahoo Finance’s On The Move panel shares the details.