With 0.67 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.99 million shares. During the session, the Drug Manufacturers – Specialty & Generic company that operates in wider Healthcare sector, reached to the highest price of $4.25 whereas the lowest price it dropped to was $4.16. 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 $6.59. Beta for the stock currently stands at 1.89.
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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 -11.63%, but this was down by -24.14% over a month. Three-month performance dropped to -34.59% while six-month performance fell -41.37%. The stock lost -9.58% in the past year, while it has lost -12.22% so far this year. A look at the trailing 12-month EPS for ACB yields -0.63 with Next year EPS estimates of 0.13. For the next quarter, that number is 0.02. This implies an EPS growth rate of 88.29% for this year and 207.13% for next year.
Float and Shares Shorts:
At present, 54.88 million ACB shares are outstanding with a float of 54.65 million shares on hand for trading. On 2024-10-31, short shares totaled 2.81 million, which was 513.0 higher than short shares on 1727654400. In addition to Mr. Miguel Martin as the firm’s CEO & Executive Chairman, Mr. Alex Miller serves as its Executive Vice President of Operations & Supply Chain.
Institutional Ownership:
Through their ownership of 0.13075 of ACB’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, ACB reported revenue of $81122000.0 and operating income of -$1401000.0. The EBITDA in the recently reported quarter was $7038000.0 and diluted EPS was -$0.22.
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.
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. The surprise factor in the prior quarter was -$0.13. Based on analyst estimates, the high estimate for the next quarter is $0.11 and the low estimate is -$0.09. The average estimate for the next quarter is thus $0.01.
