Canopy Growth Corporation (NASDAQ:CGC) currently has a daily average trading volume of 8.46M but it saw 43004320 shares traded in last market. With a market cap of 992.19M USD, the company’s current market price of $10.89 came rising about 30.42 while comparing to the previous closing price of $8.35. In past 52 weeks, the stock remained buoying in the range of price level as high as $19.20 and as low as $2.76.
Taking a look at 20-day trading activity of Canopy Growth Corporation (CGC) gives us an average price of $5.32, while its current price level is -43.28% below from 52-week high level whereas it is 295.28% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $4.50 while that of 200 days or SMA-200 reads an average of $5.51. A closer look into the stock’s movement over the week reveals that its volatility is standing at 25.44% during that period while stretching the period over a month that decreases to 19.94%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 73.56 which implies that the stock is in overbought territory.
Over the week, CGC’s stock price is moving 50.62% up while it is 260.60% when we observe its performance for the past one month. Year-to-date it is 113.11% up and over the past year, the stock is showing a downside performance of -37.77%.
The latest quarterly earnings report issued by the company was for quarter ended 12/30/2023, when its quarterly earnings per share (EPS) of -$1.93 beaten by the consensus estimate of -$0.37 for the same. For CGC, analysts are forecasting an EPS-growth rate of 92.60% for current year and estimate for EPS growth in next year is 72.20%. In next quarter, company is expected to be making quarterly sales of $54.6 million as analysts are expecting the sales for current fiscal year at $239.26 million and seeing the company making $234.27 million in sales next year. Moreover, analysts are in estimates of $53 million for current-quarter revenue.
Currently, Canopy Growth Corporation’s total number of outstanding shares is 91.11M with 19.04% of that held by the insiders while 4.90% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -110.01% and return on equity (ROE) at -113.86%. Stock’s beta reads 1.36. Stock has a price to book (P/B) ratio of 2.19 while price to sale or P/S ratio amounts to 4.05. Its return on asset (ROA) is -51.17% on average.
