Aphria Stock Forecast for July: What to Expect on the Marijuana Stock Market

aphria stock forecast for july
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Aphria Stock Forecast for July

One of the most disappointing stocks this year has been Aphria Inc (OTCMKTS:APHQF, TSE:APH). At one time one of my favorite picks in the industry, Aphria stock has underperformed for much of 2018. So how is the Aphria stock forecast for July shaping up?

I don’t believe that Aphria stock is quite ready for it to regain investors’ confidence.

Aphria stock continues to perform at a weaker pace compared to its competitors; the company soars lower during the boom times and falls deeper during the drawbacks.

Nothing yet in the news has been able to pull the company back from its weak position this year.

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Aphria stock was once one of my favorite companies in the industry. It showed an aptitude for massive growth even when compared to its competitors, but that shine has long since worn off.

This year has demonstrated that investors are wary of Aphria stock’s market cap, believing it to be overvalued. While that charge is hardly rare in the booming marijuana stock market, it has hurt Aphria stock more than most.

While companies like Canopy Growth Corp (NYSE:CGC) have enjoyed growth in 2018, and other competitors that have fallen like Aurora Cannabis Inc (OTCMKTS:ACBFF, TSE:ACB) have only taken relatively light hits, Aphria stock is down 40% and can’t seem to climb out of the funk.

While the company can be had for a bargain price, that still has yet to pull in the requisite number of investors to jolt significant, sustainable gains.

The thing is, if it hasn’t happened yet, there’s no reason for the breakout to occur in July. Nothing about this month is particularly promising for Aphria stock.

I expect the company to remain steady, perhaps dropping a few percentage points or gaining a point or two. Ultimately, July won’t be enough to redeem Aphria stock in my eyes.

Analyst Take

For Aphria stock to regain my confidence, it needs to show us that it can rank sustainable gains in 2018.

It has yet to do that this year, and while I don’t expect the stock to fall much further than it has, I’m not sure when investors will return to the company in earnest.

With that big question mark hanging over the company, it’s probably best to look toward more reliable performers in 2018 like Canopy and Aurora over Aphria.