Canopy Growth Corporation (CGC) concluded trading on Wednesday at a closing price of $6.84, with 2.19 million shares of worth about $14.95 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 95.99% during that period and on August 14, 2024 the price saw a gain of about 0.59%. Currently the company’s common shares owned by public are about 91.12M shares, out of which, 84.79M shares are available for trading.
Stock saw a price change of 7.04% in past 5 days and over the past one month there was a price change of -7.07%. Year-to-date (YTD), CGC shares are showing a performance of 33.86% which increased to 71.99% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.76 but also hit the highest price of $19.20 during that period. The average intraday trading volume for Canopy Growth Corporation shares is 5.15 million. The stock is currently trading -3.20% below its 20-day simple moving average (SMA20), while that difference is down -2.08% for SMA50 and it goes to 7.23% higher than SMA200.
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Canopy Growth Corporation (NASDAQ: CGC) currently have 91.12M outstanding shares and institutions hold larger chunk of about 11.05% of that.
The stock has a current market capitalization of $580.44M and its 3Y-monthly beta is at 0.91. It has posted earnings per share of -$7.08 in the same period. It has Quick Ratio of 1.64 while making debt-to-equity ratio of 1.17. 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 7.83% while standing at 8.83% over the month.
Analysts are in expectations that Canopy Growth Corporation (CGC) stock would likely to be making an EPS of -0.32 in the current quarter, while forecast for next quarter EPS is -0.28 and it is -1.02 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.39 which is -0.25 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 -3.18 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 75.40% while it is estimated to increase by 61.69% in next year. EPS is likely to grow at an annualized rate of 34.87% for next 5-years, compared to annual growth of 20.88% made by the stock over the past 5-years.
Coverage by Bernstein stated Canopy Growth Corporation (CGC) stock as an Underperform in their note to investors on November 02, 2022, suggesting a price target of $1.50 for the stock. Stock get an Underweight rating from Barclays on March 22, 2022.
