Pour autoriser Verizon Media et nos partenaires à traiter vos données personnelles, sélectionnez 'J'accepte' ou 'Gérer les paramètres' pour obtenir plus d’informations et pour gérer vos choix. Therefore, company valuations should and will ultimately be based on actual demand and supply parameters.
It … So what should investors in ACB stock do in September? She also publishes educational articles on long-term investing. The chart below shows how a company's share price and consensus price target have changed over time. Furthermore, its total debt from borrowing is close to 250 million CAD, another high amount that may mean financial headache in the quarters aheads. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Here’s why. Like many other cannabis producers — such as Canopy Growth (NYSE:CGC) or Tilray (NASDAQ:TLRY) — Aurora Cannabis stock has so far not been able to convert the revenue growth into real profits. Price at the end 3890, change for May -5.0%. But becoming profitable could still take many quarters, if not years. Cannabis stock investors would like to return to the rosy days of 2018. It could also be instructive to look at the range of analyst estimates, to evaluate how different the outlier opinions are from the mean. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. I’d not yet be willing to buy ACB stock. One of the most important points to remember is that cannabis is an agricultural commodity, affected by demand and supply issues. Aurora (TSX:ACB) Stock Has a Measly $1.30 Price Target for 2020.
Despite this decline, the daily trading volume of ACB stock remains strong. Data may be intentionally delayed pursuant to supplier requirements. Durodola and Chotee further highlight, “Cannabis stocks on average possess higher level of risk when compared with growth and speculative stocks on the TSX.” In fact, shares on Aurora, one of Canada’s largest producers, is a testament to the volatility in prices.
If you’re not currently a shareholder, you may want to wait to commit fresh capital into Aurora Cannabis. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. 2020 InvestorPlace Media, LLC. The author has worked in investment management for over two decades in the U.S. and U.K. However, as early as 2019, hope was replaced by reality. Nos partenaires et nous-mêmes stockerons et/ou utiliserons des informations concernant votre appareil, par l’intermédiaire de cookies et de technologies similaires, afin d’afficher des annonces et des contenus personnalisés, de mesurer les audiences et les contenus, d’obtenir des informations sur les audiences et à des fins de développement de produit. On the date of publication, Tezcan Gecgil did not hold (either directly or indirectly) any positions in the securities mentioned in this article.. The dark blue line represents the company's actual price.