On a final note, 2021 may become the year of industry-wide mergers and acquisitions in the cannabis space. quotes delayed at least 15 minutes, all others at least 20 minutes.
Her passion is for options trading based on technical analysis of fundamentally strong companies. I’d not yet be willing to buy ACB stock.
But becoming profitable could still take many quarters, if not years. Fundamental company data and analyst estimates provided by FactSet. The forecast for beginning of May 4095. Financial Market Data powered by FinancialContent Services, Inc. All rights reserved. All rights reserved. 2020 InvestorPlace Media, LLC. Cash flows are also far from predictable. Therefore, company valuations should and will ultimately be based on actual demand and supply parameters. Meanwhile, Jefferies has a “hold” rating on ACB stock and a target price of 2 Canadian dollars per share. It … Image source: Getty Images . She especially enjoys setting up weekly covered calls for income generation. 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. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. With some further cost-cutting measures management will possibly come close to becoming EBITDA positive.
… The forecast for beginning of June 3890. On the date of publication, Tezcan Gecgil did not hold (either directly or indirectly) any positions in the securities mentioned in this article.. As a result, many stock that have gone up in recent weeks gave back some of their gains. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies), Calendars and Economy: 'Actual' numbers are added to the table after economic reports are released. It looks like the ongoing lack of profitability is starting to weigh on valuations. 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. The industry is in now in a multi-year down trend.
… Barron's also provides information on historical stock ratings, target prices, company earnings, market valuation and more. Investors would like to see a stronger balance sheet and fundamental metrics that would give inspire confidence in management’s long-term ability to operate as an efficient entity. Although it is a considerable YoY improvement, that amount is still high for a company with a market capitalization (cap) of about $900 million. Nasdaq Forecast 2020, 2021, 2022. Sources: FactSet, Dow Jones, Bonds: Bond quotes are updated in real-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. Aurora’s management has set itself a target of margin improvement as well as turning the company EBITDA positive by the end of the year.
In addition to an oversupply in the market, the relentless strength of the black market is an important issue. Aurora (TSX:ACB) Stock Has a Measly $1.30 Price Target for 2020. Due to regulatory reasons, these Canada-based pot producers cannot supply to recreational pot users outside Canada — a fact that is not likely to change any time soon. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. Copyright © Cantor Cuts Aurora Price Target On Cannabis Sales Decline, Market Share Loss .
Source: Kantar Media.
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