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Aurora Cannabis Inc. (ACB): The stock short term indicators are indicating Sell today

How have the shares performed?

Aurora Cannabis Inc. (ACB) saw downtrend of -5.18% in the recent trading with $9.16 being its most recent. The current price level -51.74% lower than the highest price of $18.98 marked by the stock while trading over the past 52-weeks, whereas it is 146.90% higher than the lowest price of $3.71 the company dropped to over past 52-weeks. The latest news story on ACB appeared in Motley Fool under the title “3 Pot Stocks to Avoid Like the Plague in June” on Jun-04-21.


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Squeezing the time span to 30 day period shows us the stock is currently trading -13.45% below one month high and is +39.00% above of the lowest during that time. Looking into the simple moving average, Aurora Cannabis Inc. (ACB)’s stock stands at a SMA-50 of $8.46 while that of 5-day is reading $9.59.

Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and ACB’s SMA-200 as of now is $8.77.

Aurora Cannabis Inc. Earnings – What Happened With ACB

Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $55.16 billion.

ACB – Aurora Cannabis Inc. Stock Earnings Estimates

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 197.98 million. ACB does have institutional investors; and they hold 19.36% of the stock.

Aurora Cannabis Inc. – Insider Activity and Holdings

As on Mar 30, 2021, Vanguard Group, Inc. (The) was the top most holder in Aurora Cannabis Inc. (NASDAQ:ACB) with an ownership of 5.51 million shares of the company or 2.78% of the stake worth $51.28 million. The filing also reveals ETF Managers Group, LLC as the second largest holder in the company with a control over 2.76% of the outstanding shares. Its stake is worth $50.8 million for having 5.46 million shares in hand.

Citadel Advisors LLC also came holding a key position in the company during the recent quarter and it now holds 0.81% of the outstanding shares. With this there are now 357 institutions which have possession in ACB’s shares.

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. The count was 17.60 for long-term debt to equity ratio.

Technical Analysis of Aurora Cannabis Inc. (NASDAQ:ACB) stock

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To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Aurora Cannabis Inc. (ACB), we notice that the stock’s 20-day average volume is at 8,090,180 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 50% are spotting the stock at Sell with its 50-day average volume of 7,440,348 shares. And to end with, ACB’s 100-day average volume are 15,581,888 shares.

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