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Aurora Cannabis Inc. (ACB.TO)
| Previous close | 1.7000 |
| Open | 1.7000 |
| Bid | 1.6900 x 0 |
| Ask | 1.7000 x 0 |
| Day's range | 1.6300 - 1.7100 |
| 52-week range | 1.5200 - 10.8700 |
| Volume | |
| Avg. volume | 2,445,257 |
| Market cap | 506.212M |
| Beta (5Y monthly) | 2.99 |
| PE ratio (TTM) | N/A |
| EPS (TTM) | -6.1050 |
| Earnings date | 07 Nov 2022 - 11 Nov 2022 |
| Forward dividend & yield | N/A (N/A) |
| Ex-dividend date | N/A |
| 1y target est | 2.36 |
- Motley Fool
Why Aurora Cannabis, Canopy Growth, and Tilray Stocks Just Dropped
Marijuana investors are getting bummed out on Wednesday, as a stock market rally that roared early in the week begins to falter. As of 12:05 p.m. ET, both Canopy Growth (NASDAQ: CGC) and Aurora Cannabis (NASDAQ: ACB) are down about 5.5%, while Tilray Brands (NASDAQ: TLRY) suffers a smaller loss of 3.5%. Partly, this sell-off is just a function of stock markets in general being down today -- but as it turns out, marijuana stocks may have a problem all their own.
- Motley Fool
These 3 Growth Stocks Are Down More Than 61% -- Is Now the Time to Buy?
Tilray and SNDL are both down by over 59%, and Aurora's shares are performing even worse, losing more than 77% of their value. Considering that the market-tracking SPDR S&P 500 ETF Trust is only down by around 21.9%, it's no shock that shareholders are second-guessing their investments in these so-called growth stocks, nor is it surprising that potential buyers are hesitating to start new positions. In fact, with the exception of SNDL, their quarterly gross margins have actually gotten worse over the last three years.
- Motley Fool
Booted From a Top Index: Is This Growth Stock Doomed?
Institutional investors, for instance, often have requirements as to the type of stocks they can hold, and if a stock doesn't meet those, they can't buy it. In Canada, the S&P/TSX Composite is comparable to the S&P 500 as it holds the Toronto Stock Exchange's top stocks and is a gauge of how the Canadian market is doing. Although a reason wasn't given for the deletion of Aurora from the S&P/TSX Composite, market capitalization is a key eligibility factor and seems to be the most likely reason for the change.
