With 1.0 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.87 million shares. The 52-week range on ACB shows that it touched its highest point at $9.35 and its lowest point at $2.84 during that stretch. It currently has a 1-year price target of $7.23. Beta for the stock currently stands at 1.61.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ACB was down-trending over the past week, with a drop of -6.67%, but this was down by -11.36% over a month. Three-month performance surged to 7.94% while six-month performance fell -16.05%. The stock gained 64.14% in the past year, while it has gained 12.00% so far this year. A look at the trailing 12-month EPS for ACB yields 0.16 with Next year EPS estimates of 0.22. For the next quarter, that number is 0.07. This implies an EPS growth rate of 141.15% for this year and -46.55% for next year.
Float and Shares Shorts:
At present, 54.88 million ACB shares are outstanding with a float of 54.67 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ACB since 7 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$1.15679 being high and -$1.82772 being low. For ACB, this leads to a yearly average estimate of -$1.50382. Based on analyst estimates, the high estimate for the next quarter is $0 and the low estimate is $0. The average estimate for the next quarter is thus $0.
