|Bid||0.3849 x 800|
|Ask||0.3865 x 900|
|Day's Range||0.3604 - 0.4048|
|52 Week Range||0.3420 - 1.4900|
|Beta (5Y Monthly)||5.11|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 10, 2022 - Aug 15, 2022|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||0.57|
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As shown by the AdvisorShares Pure US Cannabis ETF's losses of more than 65% in the last 12 months alone, you can easily burn a fortune by investing it in a few of the most popular marijuana stocks. Between frequent mismatches of supply and demand and a stock market that's positively sour on high-risk growth assets like cannabis stocks, now is the time when underperforming companies are getting shaken out. Down by more than 96% in the last three years, Aurora Cannabis (NASDAQ: ACB) remains a great option for investors who like losing money.
Steep market corrections offer opportune entry points for investors searching some of the best cheap stocks. Alpha and Omega Semiconductor (AOSL): The chipmaker saw 28% annual revenue growth in the computer segment. Bark (BARK): Its Barkbox service continues to add subscribers and generate reliable recurring revenue. BioNTech (BNTX): Anticipates generating significant Covid-19 vaccine-related revenue for fiscal 2022. Daqo New Energy (DQ): Grew top line by 400% year-over-year thanks to a booming
This was due largely to yet another U.S. state opting for recreational legalization, and a nearby state reporting its first month of such sales. Curaleaf (OTC: CURLF), for example, edged up by 0.8%, while even beleaguered Canadian pot companies rose in sympathy -- Sundial Growers (NASDAQ: SNDL) rose 2%, Aurora Cannabis (NASDAQ: ACB) popped by over 4%, and Canopy Growth (NASDAQ: CGC) blasted nearly 6% higher. With the stroke of a pen, Governor Dan McKee on Wednesday made Rhode Island the 19th state in the U.S. to legalize recreational marijuana.