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. But even if the U.S. eventually legalizes cannabis, Aurora will still be at a competitive disadvantage to better-positioned companies. In November, Aurora once again raised $172.5 million in capital via an at-the-market equity offering. To see all exchange delays and terms of use please see disclaimer. 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. Eventually. 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. A recent sales distribution agreement has the company further trimming staff as it … (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? “Since then, US political developments also mean the US market could open up sooner rather than later. “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. Why Aurora Cannabis Stock Dropped Today. Aurora may still have some tremendous long-term upside ahead. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. 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. It sacrificed potential international growth opportunities. Get daily stock … I believe there will be some huge winners in the long term. Please log in to your account or sign up in order to add this asset to your watchlist. Morningstar is projecting revenue growth will accelerate from 13.4% in 2020 to 33.6% in 2021 and 50.6% in 2022. He also said ACB trades at a valuation discount to its Canadian legal producer peers. ACB | Complete Aurora Cannabis Inc. stock news by MarketWatch. More Zacks News for ACB. (ACB), What's good and bad about Aurora Cannabis right now (ACB), Here's Why Aurora Cannabis Dropped Over 7% Today, Aurora Cannabis $125 million capital raise may not be enough: Jefferies analyst, Aurora Cannabis agrees to $125 million bought-deal offering, Aurora Cannabis lays off workers after signing new sales broker deal, An Expanding Legal Marketplace Fosters Innovation in the Cannabis Industry, Aurora Cannabis (TSX:ACB) Follows Aphria’s Lead, Again, Aurora Cannabis: Shares Nearing An Inflection Point, Why Aurora Cannabis Stock Moved Higher Today, Aurora Cannabis (NYSE:ACB) Stock Price Up 9.6%, Aurora Announces Agreement with Great North Distributors Inc. For Canadian Retail Sales Execution, Why Aurora Cannabis's Stock is Trading Higher Today, Why Aphria, Aurora Cannabis, and HEXO Stocks Jumped Today. 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. 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%. 326 E 8th St #105, Sioux Falls, SD 57103 | [email protected] | (844) 978-6257 Long-term ACB stock investors know the bear case has always been all about access to capital. Consequently, Aurora Cannabis's stock has plunged almost 90% over the past year. And it is well-positioned in the U.S. market via multiple buyout deals contingent upon U.S. federal legalization. Do Not Sell My Information. 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. Aurora Cannabis Inc. stock and Healthcare market discussion, news, and analysis from Canada's largest community of active investors Disclaimer: The opinions expressed in this article are solely those of the featured analyst. All rights reserved. The content is intended to be used for informational purposes only. Aurora Mobile doesn’t name the company behind the positive news for JG stock today. Announces US$125 Million Bought Deal Financing PR Newswire EDMONTON, AB, Jan. 21, 2021 NYSE | TSX: ACB EDMONTON, AB, Jan. 21, 2021 /PRNewswire/ - Aurora … The company recently completed its latest in a string of dilutive capital raised to fund its growth efforts. 12/02/20-7:48AM EST Zacks. Its Turnaround Still Has a Way to Go. Cantor Fitzgerald analyst Pablo Zuanic says Aurora is certainly better-positioned to start 2021 than it was to start 2020. Aurora continues to lean on at-the-market stock offerings to raise capital, which means its outstanding share count keeps rising. 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. It trades on the Toronto Stock Exchange and New York Stock Exchange as ACB. The stock has a Moderate Sell consensus rating based on 8 Holds and 4 Sells. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Source: Shutterstock Aurora shares have nearly tripled since Nov. 1 based on optimism about the path to U.S. federal legalization. It is likely one of the driver’s behind Inton’s “buy” rating and $26 fair value estimate for ACB stock. After a Post-Earnings Drop, is it Time to Ride PetMed Express? 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). Do this now. Sell Pot Stock Aurora Cannabis, Analyst Says. Shares of Aurora Cannabis (NYSE: ACB) were down 4.9% as of 12:15 p.m. EST on Thursday. Get short term trading ideas from the MarketBeat Idea Engine. You can opt out at any time. 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. (ACB) Announces Operational & Balance Sheet Improvements, 3 Ways Curaleaf and Trulieve Beat Aurora Cannabis Like a Drum, Aphria-Tilray Merger Boosts Cannabis Sector; 2 ETFs To Play The Sector, 3 Takeaways As Aurora Cannabis (TSX:ACB) Restructures Again and Misses 2020 Target, Aurora Cannabis Announces Operational & Balance Sheet Improvements, Aurora Cannabis stock rallies after revising credit facility terms, Aurora Sun facility closure, It's Not Just Aurora, Bearish On All Cannabis Stocks, Should Investors Start Focusing On Cannabis Stocks Again? “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. Interactive Chart | Fundamental Charts. 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While a poor performer in 2020 , its shares are up 34% so far in 2021 and … 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. (To watch Bennett’s track record, click here) The Jefferies analyst is not the only Aurora pessimist. Find the latest Aurora Cannabis Inc. (ACB) stock quote, history, news and other vital information to help you with your stock trading and investing. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Actually, not so, says Jefferies analyst Owen Bennett. Currency in USD, Trade prices are not sourced from all markets. Since that time, ACB stock is up 63.9%. The S&P 500 is up 20% over the same period, and on the whole, many pot stocks have taken this year's … Sell). View which stocks are hot on social media with MarketBeat's trending stocks report. We forecast Aurora to reach positive free cash flow generation in 2025 as profits rise and the company manages capital spending,” Inton says. #1 MACRO PLUS NEWSLETTER SINCE 2007 SUBSCRIBER REVIEWS. Get the latest stock price for Aurora Cannabis Inc. (ACB), plus the latest news, recent trades, charting, insider activity, and analyst ratings. Shares of Aurora Cannabis (NYSE:ACB) were down 4.9% as of 12:15 p.m. EST on Thursday. Within a 30-day period, the underwriters can also buy an additional 10% of the units. Down 28.5% In 24 Hours, Where Does Ethereum (ETH) Go From Here? As a bonus to opt-ing into our email newsletters, you will also get a free subscription to the Liberty Through Wealth e-newsletter. Aurora Cannabis Inc. Aurora Cannabis Inc. ACB 11.10 0.44 (3.81%). 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. Stock Ideas and Recommendations. Down 70% in 2020, Is Aurora Cannabis (TSX:ACB) Stock a Buy Right Now? Aurora Cannabis Inc. is a Canadian licensed cannabis producer, headquartered in Edmonton. Despite the bullish news, PACCAR and Aurora will face stiff competition going … Identify stocks that meet your criteria using seven unique stock screeners. Even so, it notes that this company had global deliveries beyond 100,000 units in the third quarter of … It is very important to do your own analysis before making any investment. MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. The move could open the door for the Canadian LPs to enter the lucrative U.S. market. “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. The Canadian cannabis producer is notorious for diluting its shares via cash raising efforts. He estimates Aurora ended the fourth quarter with only about $41 million in net debt. It has a strong financial backer in minority investor Constellation Brands (NYSE:STZ). A recent sales distribution agreement has the company further … “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. Fundamental company data provided by Morningstar and Zacks Investment Research. Get the latest Aurora Cannabis Inc. (ACB) stock news and headlines to help you in your trading and investing decisions. “We welcome this after flagging a risk of underinvestment following the recent business update,” the analyst said. 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. So, further bad news for shareholders? © American Consumer News, LLC dba MarketBeat® 2010-2021. Learn everything you need to know about successful options trading with this three-part video course. View real-time stock prices and stock quotes for a full financial overview. View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Cannabis investors should consider things like cash flow, debt levels and growth rates, none of which is Aurora’s strong suit. Aurora Cannabis (ACB) investors are a resilient lot. That growth would certainly be impressive. … My favorite cannabis stock is Canopy Growth (NASDAQ:CGC). Learn more. ACB stock investors are no strangers to seeing their investments chipped away with one offering after another. Aurora still has major financial problems. On the date of publication, Wayne Duggan held a long position in CGC. MarketBeat does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security. 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. Cannabis Stocks 2021: Will U.S. Going by the CA$4.59 ($3.63) price target, Bennett expects shares to slide by a painful 66% over the next 12 months. Now, Aurora's technology will be paired with the Peterbilt 579 and the Kenworth T680 semi-trucks at Paccar. 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. 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. Get the latest Aurora Cannabis (ACB) stock price quote with real-time news, financials, charts and other important investing information. Aurora Cannabis, Inc. is engaged in the production and distribution of medical cannabis. Funding Concerns Remain Long-term ACB stock investors know the bear case has always been all about access to capital. Meanwhile, Aurora has pushed to control costs by cutting its production in half. Stocks To Buy - Why Is This Metal Taking Off? View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Our unique ZYX Change Method and adaptive ZYX … See what's happening in the market right now with MarketBeat's real-time news feed. Stock analysis for Aurora Cannabis Inc (ACB:Toronto) including stock price, stock chart, company news, key statistics, fundamentals and company profile. 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. The company is vertically integrated and horizontally diversified across every key segment of the value chain, from … 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. Are Options Traders Betting on a Big Move in Aurora Cannabis (ACB) Stock? He is also optimistic that Aurora will eventually achieve profitability. Since 2007, The Arora Report remains #1 macro plus newsletter of its kind. Find the latest news headlines from Aurora Cannabis Inc. Common Shares (ACB) at Nasdaq.com. The path forward will likely continue to be difficult from a legal and financial standpoint in the near term. It’s the latest in a parade of dilutive equity offerings for the company. ACB: Get the latest Aurora Cannabis stock price and detailed information including ACB news, historical charts and realtime prices. 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. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Cantor Fitzgerald has a “neutral” rating and C$12 ($9.45) price target for ACB stock. Legalization Spark a Bull Market? NYSE Updated Jan 21, 2021 7:07 PM Get Aurora Cannabis Inc (ACB-CA:Toronto Stock Exchange) real-time stock quotes, news, price and financial information from CNBC. Export data to Excel for your own analysis. Get daily stock ideas top-performing Wall Street analysts. Chart for ACB. Aurora Cannabis has raised cash through stock sales several times over the past few months, diluting investors. View our full suite of financial calendars and market data tables, all for free. Unfortunately, given the uncertainty in Aurora’s outlook, he doesn’t see much upside for the stock either. 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. If it isn't grown, it has to be mined. © 2021 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Learn about financial terms, types of investments, trading strategies and more. (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. Learn more. 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? 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. Looking for new stock ideas? The analyst is doubtful. Incredibly, the stock’s outstanding share count has increased by more than 11,800% in the past six-plus years. All rights reserved. The post Aurora Cannabis Investors Should Take Profits Now appeared first on InvestorPlace. It has the largest Canadian market share. Since then, ACB stock … © 2021 Verizon Media. Cannabis Movers & Shakers: Australis Capital, CanaFarma Hemp, Bespoke Extracts, Cannabis Business Advisors. And it failed to find a major financial backer, unlike many of its Canadian cannabis peers. 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. 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. 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(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. In November, Aurora once again raised $172.5 million in capital via an at-the-market equity … Want to see which stocks are moving? 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. A high-level overview of Aurora Cannabis Inc. (ACB) stock. How to Play It I’ve repeatedly pounded my fist about the best approach for investors to take with cannabis stocks.