Canopy Growth Corporation (CGC) concluded trading on Thursday at a closing price of $3.86, with 5.59 million shares of worth about $21.56 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -57.63% during that period and on November 21, 2024 the price saw a gain of about 2.66%. Currently the company’s common shares owned by public are about 91.12M shares, out of which, 84.10M shares are available for trading.
Stock saw a price change of 3.21% in past 5 days and over the past one month there was a price change of -23.41%. Year-to-date (YTD), CGC shares are showing a performance of -24.46% which decreased to -32.89% 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 $14.92 during that period. The average intraday trading volume for Canopy Growth Corporation shares is 5.00 million. The stock is currently trading -13.65% below its 20-day simple moving average (SMA20), while that difference is down -13.98% for SMA50 and it goes to -37.75% lower than SMA200.
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Canopy Growth Corporation (NASDAQ: CGC) currently have 91.12M outstanding shares and institutions hold larger chunk of about 11.18% of that.
The stock has a current market capitalization of $691.62M and its 3Y-monthly beta is at 0.86. It has posted earnings per share of -$4.94 in the same period. It has Quick Ratio of 1.07 while making debt-to-equity ratio of 1.20. 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 4.65% while standing at 8.97% over the month.
Stock’s fiscal year EPS is expected to rise by 60.17% while it is estimated to increase by 73.46% in next year. EPS is likely to grow at an annualized rate of 35.49% 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.
