A closer look at Aurora Cannabis (ACB)
What’s up with Aurora Cannabis?
Aurora Cannabis (ACB) opened at $6.37, which means the stock is down 10% from yesterday’s closing price of 6.46. Today, the company has a high of $6.37 and a low of $5.60. The company has a market cap of $636.35 million with a 52-week high of $9.05 and a 52-week low of $0.60.
What about the future for Aurora Cannabis?
The high forecast for Aurora Cannabis is $3.00 while the low is $1.50. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. Aurora Cannabis has a strong forecast. A strong forecast is a result of strong earning reports as investors are willing to pay a higher share price today because of growth expectations in the future. Based on this information ACB seems to be a safe buy.
About Aurora Cannabis
Aurora Cannabis, Inc. engages in the production, distribution and sale of cannabis products. It also produces and sells indoor cultivation systems and hemp related food products. The company was founded by Terry Booth and Steve Dobler on December 21, 2006 and is headquartered in Edmonton, Canada.