Canopy Growth Corporation (CGC) concluded trading on Wednesday at a closing price of $2.66, with 5.95 million shares of worth about $15.82 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -57.98% during that period and on January 08, 2025 the price saw a loss of about -7.32%. Currently the company’s common shares owned by public are about 98.67M shares, out of which, 97.94M shares are available for trading.
Stock saw a price change of -2.92% in past 5 days and over the past one month there was a price change of -26.11%. Year-to-date (YTD), CGC shares are showing a performance of -2.92% which decreased to -47.22% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.65 but also hit the highest price of $14.92 during that period. The average intraday trading volume for Canopy Growth Corporation shares is 5.91 million. The stock is currently trading -9.12% below its 20-day simple moving average (SMA20), while that difference is down -27.73% for SMA50 and it goes to -56.72% lower than SMA200.
Canopy Growth Corporation (NASDAQ: CGC) currently have 98.67M outstanding shares and institutions hold larger chunk of about 9.54% of that.
The stock has a current market capitalization of $262.46M and its 3Y-monthly beta is at 0.88. 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 5.96% while standing at 6.01% over the month.
Stock’s fiscal year EPS is expected to rise by 59.65% while it is estimated to increase by 75.66% 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.
