Look For Institutional Buying In Canopy Growth Corporation (NASDAQ: CGC)

Canopy Growth Corporation (CGC) concluded trading on Thursday at a closing price of $1.71, with 4.84 million shares of worth about $8.28 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -56.15% during that period and on May 29, 2025 the price saw a loss of about -3.39%. Currently the company’s common shares owned by public are about 180.08M shares, out of which, 179.16M shares are available for trading.

Stock saw a price change of -5.00% in past 5 days and over the past one month there was a price change of 23.02%. Year-to-date (YTD), CGC shares are showing a performance of -37.59% which decreased to -81.37% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.77 but also hit the highest price of $10.04 during that period. The average intraday trading volume for Canopy Growth Corporation shares is 7.24 million. The stock is currently trading 11.40% above its 20-day simple moving average (SMA20), while that difference is up 34.33% for SMA50 and it goes to -43.10% lower than SMA200.

Canopy Growth Corporation (NASDAQ: CGC) currently have 180.08M outstanding shares and institutions hold larger chunk of about 8.46% of that.

The stock has a current market capitalization of $307.94M and its 3Y-monthly beta is at 0.87. It has posted earnings per share of -$3.81 in the same period. It has Quick Ratio of 2.58 while making debt-to-equity ratio of 0.83. 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 4.97% while standing at 6.84% over the month.

Stock’s fiscal year EPS is expected to rise by 48.05% while it is estimated to increase by 82.64% in next year. EPS is likely to grow at an annualized rate of 64.80% 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.

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