Stock Traders Buy Large Volume of Call Options on Aurora Cannabis (NASDAQ:ACB)

Aurora Cannabis Inc. (NASDAQ:ACBGet Free Report) saw unusually large options trading activity on Tuesday. Traders purchased 12,132 call options on the company. This is an increase of 94% compared to the average daily volume of 6,245 call options.

Analyst Ratings Changes

Separately, Canaccord Genuity Group raised shares of Aurora Cannabis from a “hold” rating to a “buy” rating in a report on Friday, February 9th.

Read Our Latest Stock Analysis on ACB

Aurora Cannabis Stock Performance

NASDAQ ACB opened at $5.01 on Wednesday. Aurora Cannabis has a 52-week low of $2.84 and a 52-week high of $11.50. The company has a debt-to-equity ratio of 0.14, a quick ratio of 2.45 and a current ratio of 3.79. The company has a market capitalization of $272.97 million, a P/E ratio of -1.73 and a beta of 2.36. The company has a fifty day moving average of $3.72 and a 200-day moving average of $4.57.

Aurora Cannabis (NASDAQ:ACBGet Free Report) last issued its earnings results on Thursday, February 8th. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.10). The business had revenue of $53.34 million during the quarter, compared to analysts’ expectations of $45.94 million. Aurora Cannabis had a negative return on equity of 23.27% and a negative net margin of 48.82%. As a group, equities research analysts predict that Aurora Cannabis will post -0.85 EPS for the current fiscal year.

Hedge Funds Weigh In On Aurora Cannabis

Hedge funds have recently modified their holdings of the company. HighTower Advisors LLC purchased a new position in shares of Aurora Cannabis in the first quarter valued at about $50,000. Citigroup Inc. increased its position in shares of Aurora Cannabis by 566.4% in the first quarter. Citigroup Inc. now owns 14,334 shares of the company’s stock valued at $57,000 after acquiring an additional 12,183 shares during the period. Dynamic Technology Lab Private Ltd purchased a new position in shares of Aurora Cannabis in the first quarter valued at about $78,000. Raymond James & Associates increased its position in shares of Aurora Cannabis by 93.5% in the first quarter. Raymond James & Associates now owns 32,457 shares of the company’s stock valued at $130,000 after acquiring an additional 15,687 shares during the period. Finally, Private Advisor Group LLC purchased a new position in shares of Aurora Cannabis during the first quarter valued at about $25,000. Hedge funds and other institutional investors own 47.63% of the company’s stock.

About Aurora Cannabis

(Get Free Report)

Aurora Cannabis Inc, together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation. The company produces, distributes, and sells medical and consumer cannabis products in Canada.

Further Reading

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