Our unique ZYX Change Method and adaptive ZYX … Since then, ACB stock … Export data to Excel for your own analysis. Disclaimer: The opinions expressed in this article are solely those of the featured analyst. View our full suite of financial calendars and market data tables, all for free. Eventually. Its Turnaround Still Has a Way to Go. While not quite as bearish as Bennett’s forecast, the projection is for downside of 17%, given the average price target currently stands at C$11.17 ($8.82). I believe there will be some huge winners in the long term. 7 Great Sub-$20 Stocks to Buy After Inauguration Day Morningstar analyst Kristoffer Inton is projecting Canadian medical marijuana sales volume will grow by about 5% annually from 2020 to 2029. That growth would certainly be impressive. Actually, not so, says Jefferies analyst Owen Bennett. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. In November, Aurora once again raised $172.5 million in capital via an at-the-market equity offering. © 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 He also said ACB trades at a valuation discount to its Canadian legal producer peers. Cantor Fitzgerald analyst Pablo Zuanic says Aurora is certainly better-positioned to start 2021 than it was to start 2020. Should the warrants be exercised, the full dilution going by Thursday’s closing price would be 9%, and could reach 9.8%, should the additional 10% option be exercised. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. 7 Electric Vehicle (EV) Stocks That Have Real Juice, 7 Post-Inauguration Stocks to Buy For Under $20, 7 Cryptocurrencies That Are Leading The Market Higher, 7 Stocks to Support Your New Year’s Resolutions, 7 Things You Need To Know About Cryptocurrency, 7 Stocks to Buy As Americans Receive Stimulus Checks, 7 Outdoor Recreation Stocks For Growth And Dividends, 8 EV Stocks To Electrify Your Growth Portfolio, Aurora Cannabis (NYSE:ACB) Downgraded to "Sell" at Zacks Investment Research, Aurora Cannabis (NYSE:ACB) Lowered to "Sell" at BidaskClub, Aurora Cannabis (NYSE:ACB) Pops On Outlook, Falls On Results, Playing Defense Is All That Aurora Cannabis Has Going For It, GrowGeneration Stock (NASDAQ:GRWG): A Blooming Cannabis Company? “By 2029, we expect [operating] margin to reach about 19%, due to the full ramp-up of production and fixed-cost leverage against overhead expenses. With the stock up big since Election Day, ACB stock investors should at least be taking some of those profits off the table at this point.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Reasons to Like ACB Stock Despite its struggles, there are still plenty of reasons to be optimistic about Aurora’s outlook in the long term. © American Consumer News, LLC dba MarketBeat® 2010-2021. The post Aurora Cannabis Investors Should Take Profits Now appeared first on InvestorPlace. ACB stock investors are no strangers to seeing their investments chipped away with one offering after another. The Canadian cannabis producer is notorious for diluting its shares via cash raising efforts. Learn more. ACB will certainly need cash to establish a US foothold, yet we still wonder if this is enough.” Cannabis companies have opened the year on the front foot as investors have banked on President Biden and the new U.S. administration plowing ahead with federal marijuana reform. Down 28.5% In 24 Hours, Where Does Ethereum (ETH) Go From Here? Wayne Duggan has been a U.S. News & World Report Investing contributor since 2016 and is a staff writer at Benzinga, where he has written more than 7,000 articles. Aurora Cannabis (ACB) investors are a resilient lot. While a poor performer in 2020 , its shares are up 34% so far in 2021 and … Aurora Cannabis Inc. is a Canadian licensed cannabis producer, headquartered in Edmonton. Aurora Cannabis, Inc. is engaged in the production and distribution of medical cannabis. CubeSmart (NYSE: CUBE) Stock is a Smart Pullback Play, Capstone Turbine (NASDAQ: CPST) Stock a Clean Energy Turbine Play, 3D Printing Stocks Offering Another Dimension of Gains, MicroStrategy (NASDAQ:MSTR) Slips on Troubles in Bitcoin. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. The path forward will likely continue to be difficult from a legal and financial standpoint in the near term. Aurora Cannabis Inc. stock and Healthcare market discussion, news, and analysis from Canada's largest community of active investors Find the latest news headlines from Aurora Cannabis Inc. Common Shares (ACB) at Nasdaq.com. As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. If it isn't grown, it has to be mined. How to Play It I’ve repeatedly pounded my fist about the best approach for investors to take with cannabis stocks. He is also optimistic that Aurora will eventually achieve profitability. Cannabis investors should consider things like cash flow, debt levels and growth rates, none of which is Aurora’s strong suit. “Taking the equity offering price (10% discount), ACB trades at a discount to all major LPs, which we think should protect the downside, in relative terms,” Zuanic says. Mr. Duggan is the author of the book Beating Wall Street With Common Sense, which focuses on investing psychology and practical strategies to outperform the stock market. #1 MACRO PLUS NEWSLETTER SINCE 2007 SUBSCRIBER REVIEWS. Now, Aurora's technology will be paired with the Peterbilt 579 and the Kenworth T680 semi-trucks at Paccar. Aurora Cannabis Inc. (ACB.TO)'s stock was trading at C$1.17 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. And it failed to find a major financial backer, unlike many of its Canadian cannabis peers. Aurora Cannabis Investors Should Take Profits Now, Here's Why Aurora Cannabis Dropped Over 7% Today, Discover new investment ideas by accessing unbiased, in-depth investment research, NYSE - NYSE Delayed Price. Get daily stock ideas top-performing Wall Street analysts. More Zacks News for ACB. You can opt out at any time. Identify stocks that meet your criteria using seven unique stock screeners. “Since then, US political developments also mean the US market could open up sooner rather than later. 12/02/20-7:48AM EST Zacks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. A high-level overview of Aurora Cannabis Inc. (ACB) stock. It’s the latest in a parade of dilutive equity offerings for the company. Aurora: Negatives Still Outweigh Positives, Says Analyst, Top Analyst Upgrades and Downgrades: Airbnb, Aurora Cannabis, DoorDash, FedEx, Kohl’s, Oracle, Palantir, ViacomCBS and More, Cannabis Short Sellers Now Down $473M In 2020 Following Tilray-Aphria Merger, Aurora Cannabis Inc. 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But now is a great chance to take at least some of your ACB stock profits and diversify into other cannabis stocks or other opportunities. “Aurora's balance sheet rules out acquiring US assets unless it issues shares at a material dilution,” Bennett summed up, “So while the additional cash is encouraging, we do wonder if still too little to really get a strong US CBD and THC presence.” There’s no change, then, to Bennett’s rating which stays an Underperform (i.e. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. But there is simply too much risk, too much uncertainty and too much competition at this point to be putting all your eggs in one basket. Stocks To Buy - Why Is This Metal Taking Off? Meanwhile, Aurora has pushed to control costs by cutting its production in half. Shares of Aurora Cannabis (NYSE:ACB) were down 4.9% as of 12:15 p.m. EST on Thursday. The analyst is doubtful. The S&P 500 is up 20% over the same period, and on the whole, many pot stocks have taken this year's … Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Looking for new stock ideas? “We certainly do not blame management for making use of the steep post-election bump experienced by the stock,” Zuanic says of the latest offering. Incredibly, the stock’s outstanding share count has increased by more than 11,800% in the past six-plus years. Find the latest Aurora Cannabis Inc. (ACB) stock quote, history, news and other vital information to help you with your stock trading and investing. 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Cannabis Stocks 2021: Will U.S. Get daily stock … Get the latest Aurora Cannabis (ACB) stock price quote with real-time news, financials, charts and other important investing information. Shares of Aurora Cannabis (NYSE: ACB) were down 4.9% as of 12:15 p.m. EST on Thursday. The company recently completed its latest in a string of dilutive capital raised to fund its growth efforts. Since that time, ACB stock is up 63.9%. Mining is big business, Here are a few things that you should know before adding mining stocks to your port.... Back in September, I said Aurora Cannabis (NYSE:ACB) stock finally started to look like a risk worth taking. Consequently, Aurora Cannabis's stock has plunged almost 90% over the past year. Announces US$125 Million Bought Deal Financing PR Newswire EDMONTON, AB, Jan. 21, 2021 NYSE | TSX: ACB EDMONTON, AB, Jan. 21, 2021 /PRNewswire/ - Aurora … Going by the CA$4.59 ($3.63) price target, Bennett expects shares to slide by a painful 66% over the next 12 months. Stock analysis for Aurora Cannabis Inc (ACB:Toronto) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Chart for ACB. Aurora Cannabis has raised cash through stock sales several times over the past few months, diluting investors. NYSE Updated Jan 21, 2021 7:07 PM ACB: Get the latest Aurora Cannabis stock price and detailed information including ACB news, historical charts and realtime prices. Down 70% in 2020, Is Aurora Cannabis (TSX:ACB) Stock a Buy Right Now? Learn everything you need to know about successful options trading with this three-part video course. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. (RTTNews) - Shares of Canadian cannabis company Aurora Cannabis Inc. (ACB, ACB.TO) are rising more than 9 percent or $1.14 in Friday's morning trade at $13.10. Its latest move has involved another attempt to pad the coffers; On Thursday, the company announced a bought deal of $125 million, in which it has agreed to sell approximately 12 million units for $10.45 each. It sacrificed potential international growth opportunities. Receive a free world-class investing education from MarketBeat. Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: You have already added five stocks to your watchlist. ACB | Complete Aurora Cannabis Inc. stock news by MarketWatch. (To watch Bennett’s track record, click here) The Jefferies analyst is not the only Aurora pessimist. Aurora may still have some tremendous long-term upside ahead. It has a strong financial backer in minority investor Constellation Brands (NYSE:STZ). View which stocks are hot on social media with MarketBeat's trending stocks report. Currency in USD, Trade prices are not sourced from all markets. Learn about financial terms, types of investments, trading strategies and more. … Aurora Cannabis Inc. 3 For Your List, Marijuana Stocks Slip Ahead Of Historic Vote To End Prohibition, Say Goodbye to Aurora Cannabis and Hello to These Hot Pot Stocks, Pot Stocks Get a Lift After a Symbolic Win From the UN, Don’t Get Too Excited About Aurora Cannabis Just Yet, Says Analyst, Why Marijuana Stocks Are Smoking Hot Today, Receive Analysts' Upgrades and Downgrades Daily. The stock has a Moderate Sell consensus rating based on 8 Holds and 4 Sells. Morningstar is projecting revenue growth will accelerate from 13.4% in 2020 to 33.6% in 2021 and 50.6% in 2022. Get the latest stock price for Aurora Cannabis Inc. (ACB), plus the latest news, recent trades, charting, insider activity, and analyst ratings. So, further bad news for shareholders? View real-time stock prices and stock quotes for a full financial overview. Aurora still has major financial problems. Why Aurora Cannabis Stock Dropped Today. A recent sales distribution agreement has the company further trimming staff as it … All rights reserved. A recent sales distribution agreement has the company further … It has the largest Canadian market share. Please log in to your account or sign up in order to add this asset to your watchlist. Stock Ideas and Recommendations. It trades on the Toronto Stock Exchange and New York Stock Exchange as ACB. My favorite cannabis stock is Canopy Growth (NASDAQ:CGC). Aurora Cannabis Inc. ACB 11.10 0.44 (3.81%). To see all exchange delays and terms of use please see disclaimer. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Aurora continues to lean on at-the-market stock offerings to raise capital, which means its outstanding share count keeps rising. Cannabis Movers & Shakers: Australis Capital, CanaFarma Hemp, Bespoke Extracts, Cannabis Business Advisors. Sell). The company is vertically integrated and horizontally diversified across every key segment of the value chain, from … Want to see which stocks are moving? And it is well-positioned in the U.S. market via multiple buyout deals contingent upon U.S. federal legalization. The company has continually burnt a hole through its reserves, and the share count has ballooned over the years as it has attempted to put the fires out. Do this now. (See ACB stock analysis on TipRanks) To find good ideas for cannabis stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. Legalization Spark a Bull Market? © 2021 Verizon Media. Why Aurora Cannabis Plummeted 28.9% in December, Cannabis stocks soar, Big Tech sinks following Georgia elections, Cannabis stocks soar as Georgia Senate elections boost investor hopes for decriminalization, Why Cannabis Stocks Are Trading Higher Today, Aurora Cannabis (NYSE:ACB) Shares Gap Up to $9.70, Aurora Cannabis (NYSE:ACB) Stock Rating Reaffirmed by Jefferies Financial Group, Jefferies Still Sees Doom and Gloom in Aurora Cannabis Stock, Aurora hit by 'cybersecurity incident' on Christmas, doesn't say what data affected, Aurora Cannabis (NYSE:ACB) Shares Down 5.4%, Interesting ACB Put And Call Options For February 2021, 2 Cannabis Stocks to Avoid in January 2021, Understanding Aurora Cannabis's Unusual Options Activity, ACB Crosses Above Key Moving Average Level. Fundamental company data provided by Morningstar and Zacks Investment Research. In November, Aurora once again raised $172.5 million in capital via an at-the-market equity … Despite the bullish news, PACCAR and Aurora will face stiff competition going … Long-term ACB stock investors know the bear case has always been all about access to capital. Even so, it notes that this company had global deliveries beyond 100,000 units in the third quarter of … Since 2007, The Arora Report remains #1 macro plus newsletter of its kind. Funding Concerns Remain Long-term ACB stock investors know the bear case has always been all about access to capital. (ACB), Ayro May Be the Right Stock For The Wrong Time (ACB), If You Must Invest in a Pot Stock, Cronos May be the One (NASDAQ:CRON) (ACB), Is It Too Late for Cannabis Stocks? The content is intended to be used for informational purposes only. After a Post-Earnings Drop, is it Time to Ride PetMed Express? The move could open the door for the Canadian LPs to enter the lucrative U.S. market. Source: Shutterstock Aurora shares have nearly tripled since Nov. 1 based on optimism about the path to U.S. federal legalization. See what's happening in the market right now with MarketBeat's real-time news feed. Cantor Fitzgerald has a “neutral” rating and C$12 ($9.45) price target for ACB stock. But even if the U.S. eventually legalizes cannabis, Aurora will still be at a competitive disadvantage to better-positioned companies. Interactive Chart | Fundamental Charts. As a result, shares of Aurora are up by a massive 125% over the past 3 months, and Bennett has pondered whether the share gains have been justified. It is very important to do your own analysis before making any investment. The favorable legislation, he says, will mostly benefit the local U.S cannabis companies “unless a Canadian name has the ability to establish a strong US presence.” Can Aurora be one of these? It is likely one of the driver’s behind Inton’s “buy” rating and $26 fair value estimate for ACB stock. We forecast Aurora to reach positive free cash flow generation in 2025 as profits rise and the company manages capital spending,” Inton says. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Get short term trading ideas from the MarketBeat Idea Engine. Do Not Sell My Information. “We welcome this after flagging a risk of underinvestment following the recent business update,” the analyst said. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Learn more. He estimates Aurora ended the fourth quarter with only about $41 million in net debt. Within a 30-day period, the underwriters can also buy an additional 10% of the units. Aurora Mobile doesn’t name the company behind the positive news for JG stock today. Get the latest Aurora Cannabis Inc. (ACB) stock news and headlines to help you in your trading and investing decisions. Start Your Risk-Free Trial Subscription Here, Mine OK'd in Trump's last days may boost Biden energy plan, DuPont, Chemours reach agreement over 'forever chemicals', Trapped for 2 weeks, 11 workers rescued from China gold mine, Indonesia says it has seized Iranian and Panamanian tankers, One of 22 workers trapped in China gold mine rescued, The Latest: Short on bed space, Brazilian state locks down, Normal diets for trapped China miners as rescue continues, 3 Clean Energy Stocks that Could Get Boosted by Biden, Why These 3 ETFs Should be in Your 2021 Portfolio, Buy Kinder Morgan, Inc While It Still Yields 6.75%. All rights reserved. Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter. On the date of publication, Wayne Duggan held a long position in CGC. But for now, I continue to recommend cannabis investors hold a portfolio of at least four or five of the best Canadian LPs and U.S. multi-state operators. More From InvestorPlace Why Everyone Is Investing in 5G All WRONG Top Stock Picker Reveals His Next 1,000% Winner It doesn’t matter if you have $500 in savings or $5 million. Unfortunately, given the uncertainty in Aurora’s outlook, he doesn’t see much upside for the stock either.