How to Buy Aurora Stock
Last Updated: January 11, 2023
Aurora Cannabis Inc. is a Canadian cannabis producer with a reputation for setting global industry standards. The company is focused on worldwide sales of cannabis and hemp products for both medical and recreational purposes.
As the regulatory environment evolves and more governments take action toward legalization, the cannabis industry is expected to double by 2027. And where the growth is, there are the profits, right?
So, are you already thinking about how to buy Aurora stock? Let us help you by saying a few words for Aurora Cannabis stock.
About the Company
Aurora was founded in 2006 by Terry Booth, Steve Dobler, Dale Lesack, and Chris Mayerson. Booth and Dobler themselves invested over $5 million of their own capital. They state their first facility in Edmonton, Alberta. The company received its initial licenses to grow and sell cannabis in 2014. Since then, Aurora Cannabis owners have built many other facilities in Canada, Europe, Asia, and Latin America.
As of April 2021, Aurora’s market capitalization was $7.6 million. This figure was over $9 million after Canada’s cannabis legalization move in October 2018.
Is Aurora Cannabis a publicly-traded company?
The answer is yes. The company became publicly traded on the Toronto Stock Exchange on July 24, 2017, and the New York Stock Exchange (NYSE) on October 23, 2018.
In May 2021, ACB moved its US listing from the NYSE to the Nasdaq exchange, where common shares are trending under the symbol ACB.
What was the Aurora Cannabis IPO price?
On New York Stock Exchange (NYSE), the shares of Aurora opened at $9.70 per piece. As previously mentioned, this wasn’t Aurora’s first day on the public exchange market. The company wasn’t issuing new shares but only making the existing ones from TSX available on the NYSE.
Aurora’s got itself quite a debut on the NYSE. By investing $500 into Aurora at the opening price of $9.70 per share, you would have earned 51 shares. Compared to the present time, there would be a huge difference in profits that you could, or better say, couldn’t have gained.
Is ACB a Good Stock to Buy?
Should you buy Aurora stock?
Prospective investors should consider several factors to answer this question. We will now look into the Aurora stock analysis and projections, the company’s financial performance, and the more subjective aspects of investing, such as portfolio diversification.
What was Aurora’s highest stock price?
According to the Macro Trends stock price history, the all-time high Aurora Cannabis stock closing price was $197.57 on March 19, 2019.
Except for the data above, check out the following Aurora Cannabis stock facts in the 52 weeks ending April 11, 2022.
- The Aurora Cannabis 52-week high stock price was $10.64.
- The Aurora Cannabis 52-week low stock price is $2.89.
Recent financial performance
According to Aurora Cannabis’ latest financial results from the fiscal Q2 2022, total cannabis net revenue came in at C$60.6 million ($47.9 million). This was 1% up from the previous quarter but 10% down from the same period in 2021. For the first time in more than a year, the Canadian company beat analysts’ sales estimates.
Aurora also reported a fiscal second-quarter loss of C$75.1 million ($59.4 million), improving from a loss of more than C$300 million ($237.4 million) a year ago.
After the better-than-expected Q2 results and within the evolving regulatory and market environment, the marijuana producer shared an optimistic view of its future performance.
ACB forecasts and predictions
In April 2022, NASDAQ analysts offering 12-month price targets for Aurora Cannabis Inc. expected an average share price of $5.21, with a high estimate of $6.04 and a low estimate of $3.97.
According to the Aurora stock price history and all of the company’s data, its shares have been in a rough cycle since 2019. ACB stock analysts are predicting that there will be a negative trend in the future, and ACB right now is not a good investment for gaining money. Our recommendation is to follow the ACB movements because the stock itself is considered volatile.
Does Aurora Cannabis pay a dividend?
Since its incorporation, Aurora hasn’t declared nor paid any cash dividends. The company also has no intention of paying ACB stock dividends because all available funds will be invested to finance the growth of its business and, when appropriate, retire debt.
Will ACB go up?
After being the center of attention in the stock markets years ago, marijuana stocks are now considered an underwhelming addition to Wall Street.
The stakeholders of the cannabis market were extremely self-confident and optimistic about the long-term expectations of marijuana companies. This euphoria came from too many overvalued actions initiated by Aurora Cannabis Inc. and other companies in this industry over the years, resulting in billion-dollar write-offs. The amount of goodwill on Aurora Cannabis’ balance sheet has fallen from C$3.86 billion ($10.96 billion) in fiscal 2019 to C$1.25 billion ($99 million) in fiscal 2021.
Aurora Cannabis is expected to increase sales by just 1.2% year-over-year to C$195 million ($154.20 million) in fiscal 2022 and by 17.3% to C$228.66 million ($180.82 million) in fiscal 2023. This demonstrates the company is growing much slower, referring to the overall market, and will eventually lose market share.
Your portfolio
Would Aurora shares be a good addition to your portfolio?
Stock market experts suggest blending different assets into a single portfolio would increase your investment return potential and reduce the overall risk. The right mix of stocks is crucial for a diversified and balanced portfolio.
So, apart from Aurora’s share price performance and the company prospects, you also need to consider how the exposure to the industry will fit your investment strategy.
Currently, ACB stock is a sell or a hold situation, definitely not a buy. The analysts are presenting their negative outlooks and saying to hold off the ACB stock at the moment. Even though you still want to add this stock to your portfolio, read all about it in a couple of lines below.
How to Buy Aurora Stock?
If you want to buy ACB stock, we are here to help you with it. There are a few options. Choose the one that is suitable for your financial expertise.
Trading platforms/online brokers
A trading platform is a software that enables investors to place trades and monitor accounts through a financial intermediary, such as an online broker. Check our picks of the top online brokers and choose the one that benefits you.
Now, learn how to easily invest in ACB through a trading platform:
- Find a platform that fits your financial knowledge and expertise.
- Open your brokerage account by filing an application form with your details.
- Confirm your payment details and fund your account.
- Find the stock by name or Aurora stock ticker – ACB.
- Buy your desired number of shares from ACB with a market order or use a limit order to delay your purchase until the stock reaches the desired price.
- Monitor your investment
Financial advisors
Financial advisors can add value in more ways than achieving higher returns. For instance, the advisor may use tax minimization strategies to reduce your tax bill. Or the advisor may add value by ensuring that your portfolio is rebalanced appropriately. Perhaps the biggest benefit of working with a financial advisor is making sure you don’t make poor emotional decisions with your money.
The marihuana industry is considered shaky. Amid such an unstable environment, prospective Aurora Cannabis investors can benefit from the help of financial advisors. And while such professional service might be expensive, statistics show that most of the time, a financial advisor will make your portfolio grow more, even after fees, than an individual can do themselves.
Final Thoughts
Don’t get too disappointed, but the marijuana stocks had fallen to their lowest level. The fall of Aurora’s stocks in the last several years was due to a non-competitiveness of pricing with black market cannabis, increasing debt, and a decline in the company’s cash, among others.
Somehow, you trust your guts in ACB stock comeback? Do you still want to know how to buy Aurora stock? Well, you aren’t the only one. Many investors have high hopes of returning the cannabis industry to its former spotlight.
Anyways, we recommend you do careful research about ACB stock projections before making your investment. High hopes and positive vibrations aren’t enough.
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FAQ
Yes, the company has been publicly traded since its stock market debut on the Toronto Stock Exchange in 2017. A year later, Aurora Cannabis was listed on the New York Stock Exchange, but moved its US listing to the Nasdaq exchange in 2021. Common shares are trading under the Aurora stock symbol ACB.
As of April 2022, ACB stock analysts declare the stock a hold or sell. However, the marijuana market is expected to double by 2027, suggesting future company growth and stock appreciation.
Aurora’s stock price reached an all-time high of $197.57 on March 19, 2019.
Don’t worry if you are new to the world of investments and don’t know how to buy Aurora stock. The process is simple, completed in a few steps.
Simply find the right online trading platform that suits you, open an account with your personal details if you don’t already have one, find the stock under the Aurora ticker – ACB, and place your order.
ABOUT AUTHOR
When you were a kid, what did you want to be when you grew up? Maybe you dreamed of being a doctor, a singer, or an athlete. Well, believe it or not, my answer was always loud and clear: “I want to be an economist!” So, here I am, not a typical office worker with a pile of documents to sort or a lot of complex data to analyze, but a financial content writer exploring all things money-related. And, I must say, I really enjoy sharing my financial and economic knowledge with all of you.
