Aurora Cannabis could will likely see short term gains
Aurora Cannabis Inc(ACB) currently trades at $0.95 and has fallen by 8% in the past 24 hours. Aurora is expected to open on the defensive at the beginning of the week following last week’s moderate rebound. It is worth recalling that ACB closed with gains in the last four sessions, managing to climb as high as 1.13 on Friday, or 3-week tops.
Based on this information, investorsQ rates this stock a 4 out of 10. We give it this rating because Profit taking sentiment and month-end flows could force ACB to shed some ground on Monday amidst some recovery both the S&P and the DowJones after Friday’s pullback. The marijuana industry is too much of a gamble to be a long term investment. The high forecast for Aurora Cannabis Inc is $3 and the low is $0.72. Notably, the company’s market cap is $1.08 billion with a 52 week high of $9.37 and a 52 week low of $0.60.