With over 4.08 million Canopy Growth Corporation (CGC) shares trading Tuesday and a closing price of $4.60 on the day, the dollar volume was approximately $18.79 million. The shares have shown a negative half year performance of -16.67% and its price on 01/09/24 lost nearly -8.73%. Currently, there are 82.91M common shares owned by the public and among those 65.17M shares have been available to trade.
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 14 analysts who have offered their price forecasts for CGC have a consensus price objective of $17.84. The analysts have set the share’s price value over the next 12 months at a high of $100.00 and a low of $5.00. The average price target is 65.26% above its recent price level and an upside to the estimated low will see the stock gain 8.0% over that period. But an upside of 95.4% will see the stock hit the forecast high price target while median target price for the stock is $7.30.
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Insiders at the company have transacted a total of 41 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 22 of these insider trades were purchases, accounting for 106,110,260 shares. Insider sales of the common stock occurred on 19 occasions, with total insider shares sold totaling 100,291,170 shares.
Shares of Canopy Growth Corporation (NASDAQ: CGC) opened at $4.57, down -$0.47 from a prior closing price of $5.04. The company’s stock has a 5-day price change of -3.97% and -32.87% over the past three months. CGC shares are trading -9.98% year to date (YTD), with the 12-month market performance down to -80.67% lower. It has a 12-month low price of $3.46 and touched a high of $32.20 over the same period. CGC has an average intraday trading volume of 2.95 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -14.94%, -18.31%, and -41.16% respectively.
Institutional ownership of Canopy Growth Corporation (NASDAQ: CGC) shares accounts for 9.97% of the company’s 82.91M shares outstanding. Mutual fund holders own –, while other institutional holders and individual stakeholders account for — and — respectively.
It has a market capitalization of $381.39M and a beta (3y monthly) value of 1.27. The earnings-per-share (ttm) stands at -$18.11. Price movements for the stock have been influenced by the stock’s volatility, which stands at 7.91% over the week and 11.76% over the month.
Analysts forecast that Canopy Growth Corporation (CGC) will achieve an EPS of -$0.38 for the current quarter, -$0.36 for the next quarter and -$1 for 2025. The lowest estimate earnings-per-share for the quarter is -$0.63 while analysts give the company a high EPS estimate of -$0.16. Comparatively, EPS for the current quarter was -$4.04 a year ago. Earnings per share for the fiscal year are expected to increase by 94.13%, and 70.03% over the next financial year. EPS should grow at an annualized rate of 13.28% over the next five years, compared to -76.81% over the past 5-year period.
