Canopy Growth Corporation (CGC) concluded trading on 01/03/24 at a closing price of $4.86, with 5.38 million shares of worth about $26.16 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 5.86% during that period and on Wednesday the price saw a gain of about 1.46%. Currently the company’s common shares owned by public are about 82.91M shares, out of which, 65.17M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 14 analysts are covering the CGC stock and their offered price forecasts bring an average price target of $17.84. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $100.00 and could fall to a lowest price of $5.00. The stock’s current price level is 63.29% above of average price target set by the analysts, while a rise to estimated low would result in gain of 2.8% for the stock. However, touching the estimated high of $100.00 would mean a gain of 95.14% for the stock.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 41 times over the past 12 months. They bought 106,110,260 shares in 22 of the transactions. In 19 selling transactions, insiders dumped 100,291,170 shares.
Canopy Growth Corporation (NASDAQ: CGC) started trading at $4.73, below -$0.06 from concluding price of the previous day. However, the stock later moved at a day high price of 5.0975, or with a gain of 1.46%. Stock saw a price change of -14.13% in past 5 days and over the past one month there was a price change of -21.36%. Year-to-date (YTD), CGC shares are showing a performance of -4.89% which decreased to -78.96% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $3.46 but also hit the highest price of $32.20 during that period. The average intraday trading volume for Canopy Growth Corporation shares is 2.97 million. The stock is currently trading -17.13% below its 20-day simple moving average (SMA20), while that difference is down -14.45% for SMA50 and it goes to -40.05% lower than SMA200.
Canopy Growth Corporation (NASDAQ: CGC) currently have 82.91M outstanding shares and institutions hold larger chunk of about 9.97% of that. Holding of mutual funds in the company is about — while other institutional holders and individual stake holders have control over — and — of the stake respectively.
The stock has a current market capitalization of $402.94M and its 3Y-monthly beta is at 1.27. It has posted earnings per share of -$18.11 in the same period. It has Quick Ratio of 2.07 while making debt-to-equity ratio of 1.02. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CGC, volatility over the week remained 10.17% while standing at 14.10% over the month.
Analysts are in expectations that Canopy Growth Corporation (CGC) stock would likely to be making an EPS of -$0.38 in the current quarter, while forecast for next quarter EPS is -$0.36 and it is -$1.01 for next year. For the current quarter EPS, analysts have given the company a lowest target -$0.64 which is -$0.17 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of -$4.08 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 94.13% while it is estimated to increase by 58.80% in next year. EPS is likely to grow at an annualized rate of 13.28% for next 5-years, compared to annual growth of -76.81% made by the stock over the past 5-years.
Analysts at 14 brokerage firms have issued recommendations for the Canopy Growth Corporation (CGC)’s stock and average of those rates the stock at a “Hold” and assign it a score of 3.50. Out of those 14 Wall Street analysts, 1 recommended a “Buy” rating, while 8 were in favor recommending the stock as a “Hold” and 4 analyst recommended the stock as “Sell”.
