How to Buy Aurora Cannabis Stock
Aurora Cannabis Inc
Aurora Cannabis Inc. produces, distributes, and sells cannabis and cannabis derivative products in Canada and internationally.
Aurora Cannabis stock last closed at $0.59, down 2.01% from the previous day, and has decreased 53.2% in one year. It has underperformed other stocks in the Drug Manufacturers - Specialty & Generic industry by 0.42 percentage points. Aurora Cannabis stock is currently +34.79% from its 52-week low of $0.43, and -63.89% from its 52-week high of $1.62.
There are currently 366.54M shares of ACB outstanding. The market capitalization of ACB is $214.43M. In the past 24 hours, 8.49M ACB shares were traded.
How to Buy Aurora Cannabis Stock
Not sure how to invest in Aurora Cannabis stock? Here's how.
- Choose where to buy Aurora Cannabis stock: You need to decide on an online brokerage, but don't worry - we've tried dozens of online brokerages and apps to help you decide where to buy Aurora Cannabis stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
- Deposit money your brokerage account: Select your method of payment and add your info.
- Analyze Aurora Cannabis stock: The Aurora Cannabis ticker symbol is ACB. Is Aurora Cannabis stock a good investment? Should you buy shares of ACB? How do ACB's underlying business fundamentals look? Do top analysts think Aurora Cannabis is a good buy? Why has ACB's stock price moved recently? (Hint: Our stock market research tools can help you decide if ACB is a good stock to buy).
- Make your ACB trade: Decide if you will purchase ACB shares at the current market price or use a limit order to buy ACB shares at a particular price.
- Keep an eye on your ACB position: Create a watchlist to key updates about your new investment in Aurora Cannabis shares.
Step 1: Choose where to buy Aurora Cannabis stock
You need a brokerage account to access the NASDAQ market and buy ACB shares.
Our favorite brokerage: eToro
Based on our research, eToro is the best brokerage. Here's why:
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Get $10 towards your purchase of stock by opening an account with eToro now.
Open eToro AccountStep 2: Create your brokerage account
Now that you've selected the right brokerage, you need to fill out some personal information so you can buy ACB stock today.
How to Create a New Account on eToro
- Click here to get started.
- Input your personal details to create your new brokerage account.
- Send your details by clicking the "Create Account" button.
Step 3: Deposit money your brokerage account
Now that you've filled out your info on our top ranked stock trading app, your next step is to transfer the money for your investment:
Watch the walkthrough below to see the process of transferring money into your brokerage account.
Step 4: Analyze Aurora Cannabis stock
After you have selected the best place to buy Aurora Cannabis stock, it's crucial to research their stock prior to buying, so you truly understand the risk as well as the upside.
Overview of key ACB info
Aurora Cannabis Fundamentals
WallStreetZen was designed to help part-time investors do more in-depth fundamental analysis.
You can view all of the due diligence checks on ACB's stock page.
What is the fair value of ACB stock?
You can use a variety of different financial metrics, analyses, models, and charts to gauge ACB's true value.
Using relative valuations measures:
- ACB may be undervalued based on its P/B ratio of 0.59x, relative to Drug Manufacturers - Specialty & Generic industry P/B ratio of 1.99x
You can access more valuation research on ACB's stock here.
ACB Financials at a glance
Signs that ACB is financially healthy:
- ACB has $169.33M in cash and short term investments. This is sufficient to cover its annual cash burn of $91.55M.
- There are more short-term assets than short-term liabilities on the ACB balance sheet.
- ACB has cash burn of 91545454. It has enough cash and short-term investments to cover this for at least one year.
- There are more short-term assets than long-term liabilities on the ACB balance sheet.
Signs that ACB is not financially healthy:
- ACB has a relatively high debt to equity ratio of 0.68.
- ACB profit margin has gone up by 6.76 percentage points in the past year, but the company is still unprofitable.
- Total ACB debt is higher than 5 years ago, relative to shareholder equity.
Is ACB stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 2 Wall Street analysts who give forecasts on ACB, the consensus analyst rating on Aurora Cannabis is a Hold
Please keep in mind that analyst forecasts are not stock recommendations, nor are they financial advice.
Latest ACB Analyst Forecasts
John Zamparo, a top 26% analyst from CiBC maintains ACB with a hold rating and lowers their ACB price target from $1.75 to $1.00, on Jun 16, 2023.
Matt Bottomley, a bottom 25% analyst from Canaccord Genuity maintains ACB with a hold rating and lowers their ACB price target from $1.50 to $0.80, on Jun 15, 2023.
You can dig deeper into what analysts are saying on the Aurora Cannabis stock forecast page.
ACB Technical Indicators
ACB Performance Metrics
Last year, ACB revenue was $189.45M. Over the last 5 year, ACB's revenue has increased by 35.08% per year. This was faster than the Drug Manufacturers - Specialty & Generic industry average of 24.83%.
Dive into ACB's earnings and revenue performance here.
Who is buying/selling ACB?
Over the past year, executives and large shareholders at ACB have not bought or sold any shares.
Learn more about who owns ACB shares here.
Can I rely on ACB as an income stream?
No, Aurora Cannabis doesn't provide an income stream by paying out dividends.
What others are saying about ACB
One of the major reasons eToro is our highest-rated brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Make your ACB trade
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are generally sufficient. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given price, place a limit order.
Click the Open button and eToro will execute the order.
If you require more help investing in stocks on eToro, watch the how to video below:
Step 6: Keep an eye on your ACB position
Now that you own some ACB stock, you'll want to stay up-to-date on your stock purchase.
Start a watchlist to keep tabs on your ACB stock.
ACB Feed
How to Buy Stock in Aurora Cannabis
To summarize, here are the 6 steps to buy Aurora Cannabis stock:
- Choose where to buy Aurora Cannabis stock
- Create your brokerage account
- Deposit money your brokerage account
- Analyze Aurora Cannabis stock
- Make your ACB trade
- Keep an eye on your ACB position
If you require a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to keep track of your new investment in Aurora Cannabis, add ACB to your watchlist below.
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