Canopy Growth Corporation (CGC) concluded trading on Wednesday at a closing price of $2.23, with 4.79 million shares of worth about $10.67 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -73.29% during that period and on January 22, 2025 the price saw no change. Currently the company’s common shares owned by public are about 98.67M shares, out of which, 97.93M shares are available for trading.
Stock saw a price change of 0.45% in past 5 days and over the past one month there was a price change of -21.20%. Year-to-date (YTD), CGC shares are showing a performance of -18.61% which decreased to -48.97% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $2.15 but also hit the highest price of $14.92 during that period. The average intraday trading volume for Canopy Growth Corporation shares is 6.33 million. The stock is currently trading -14.30% below its 20-day simple moving average (SMA20), while that difference is down -31.03% for SMA50 and it goes to -62.18% lower than SMA200.
Canopy Growth Corporation (NASDAQ: CGC) currently have 98.67M outstanding shares and institutions hold larger chunk of about 10.02% of that.
The stock has a current market capitalization of $220.03M and its 3Y-monthly beta is at 0.87. 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 4.83% while standing at 6.07% over the month.
Analysts are in expectations that Canopy Growth Corporation (CGC) stock would likely to be making an EPS of -0.23 in the current quarter, while forecast for next quarter EPS is -0.23 and it is -0.76 for next year. For the current quarter EPS, analysts have given the company a lowest target -0.23 which is -0.23 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 -2.19 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 59.90% while it is estimated to increase by 75.65% in next year.
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.
