Profile
Sector:
HealthcareCountry:
CanadaIPO:
15 July 2014Website:
http://www.auroramj.comNext earnings report:
09 August 2024Last dividends:
N/ANext dividends:
N/APrice
after hours | Wed, 03 Jul 2024 20:52:18 GMTDividend
Analysts recommendations
Institutional Ownership
ACB Latest News
Finding overvalued stocks to sell is crucial for investors to safeguard their portfolios in today's erratic markets. Here, the emphasis is on three well-known businesses whose valuation measures have lately come under investigation.
When meme stocks start skyrocketing, it's difficult to find a good entry point. Already, examples of a big rally in meme stocks happened in the recent past.
The cannabis sector has experienced a large amount of growth over the years. From just a few legal states and global regions to now over 50% of the USA has a legal cannabis market. Yet even with all this progress the industry continues to face an uphill battle. Cannabis operators around the United States are dealing with several conflicting concerns.
Aurora Cannabis Inc. (ACB) came out with quarterly earnings of $0.11 per share, beating the Zacks Consensus Estimate of a loss of $0.18 per share. This compares to loss of $1.50 per share a year ago.
Short-squeeze moves can be ferocious and are perfect for investors seeking quick trading gains. With the possibility of a rate cut-induced rally, I am bullish on some short-squeeze stocks for the next few quarters.
Marijuana stock investors are seeing the continued volatile action in the sector. There are more unknowns regarding reform and regulations that lead to more speculative trading. Still, the interest in finding the best marijuana stocks to buy comes into play. Investors want to be prepared for the next phase of the green rush in the market. What this could look like on the way to better trading is as follows. To start it's an election year and President Joe Biden has already voiced his support for cannabis reform.
Based on recent stock price movements, it appears that the excitement surrounding meme stocks is just beginning. If interest rates are cut to stimulate economic growth, it could lead to a significant increase in meme stock trading.
Cannabis stocks are increasing following President Joe Biden's public support for the Justice Department's suggestion to relax restrictions on marijuana, reclassifying it from a Schedule I to a Schedule III substance. Emily Paxhia, co-founder of Poseidon Investment Management, discusses this development on Market Domination.
Aurora Cannabis saw a surge in its stock price due to optimism about potential marijuana reform in the U.S. The company, known for its volatility, is a popular choice in the cannabis sector. Aurora Cannabis aims to achieve positive free cash flow in the current year.
The suggested rescheduling of cannabis is the most significant advancement for the industry in many years.
What type of business is Aurora Cannabis?
Aurora Cannabis Inc. produces, distributes, and sells cannabis and cannabis derivative products in Canada and internationally. It also engages in facility engineering and design, cannabis breeding, research, production, derivatives, product development, wholesale, and retail distribution activities. The company produces various strains of dried cannabis, cannabis oil and capsules, and topical kits for medical patients. It also sells vaporizers; consumable vaporizer accessories; and herb mills for using CanniMed herbal cannabis products, as well as grinders and vaporizer lockable containers. In addition, the company engages in the development of medical cannabis products at various stages of development, including oral, topical, edible, and inhalable products; and operation of CanvasRX, a network of cannabis counseling and outreach centers. Further, it provides patient counselling services; design and construction services; and cannabis analytical product testing services. The company's brand portfolio includes Aurora, Aurora Drift, San Rafael '71, Daily Special, AltaVie, MedReleaf, CanniMed, Whistler, Woodstock, and WMMC. Aurora Cannabis Inc. is headquartered in Edmonton, Canada.
What sector is Aurora Cannabis in?
Aurora Cannabis is in the Healthcare sector
What industry is Aurora Cannabis in?
Aurora Cannabis is in the Drug Manufacturers - Specialty & Generic industry
What country is Aurora Cannabis from?
Aurora Cannabis is headquartered in Canada
When did Aurora Cannabis go public?
Aurora Cannabis initial public offering (IPO) was on 15 July 2014
What is Aurora Cannabis website?
https://www.auroramj.com
Is Aurora Cannabis in the S&P 500?
No, Aurora Cannabis is not included in the S&P 500 index
Is Aurora Cannabis in the NASDAQ 100?
No, Aurora Cannabis is not included in the NASDAQ 100 index
Is Aurora Cannabis in the Dow Jones?
No, Aurora Cannabis is not included in the Dow Jones index
When does Aurora Cannabis report earnings?
The next expected earnings date for Aurora Cannabis is 09 August 2024