The Week Ahead: Are Investors Really Too Optimistic About Canopy Growth Corporation (NASDAQ: CGC)

Canopy Growth Corporation (NASDAQ:CGC) currently has a daily average trading volume of 10.80M but it saw 6707051 shares traded in last market. With a market cap of 591.30M USD, the company’s current market price of $6.49 came falling about -3.13 while comparing to the previous closing price of $6.70. 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 $7.98, while its current price level is -66.20% below from 52-week high level whereas it is 135.57% 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 $5.25 while that of 200 days or SMA-200 reads an average of $5.68. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.82% during that period while stretching the period over a month that increases to 22.54%. 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 46.91 which implies that the stock is in neutral territory.

Over the week, CGC’s stock price is moving -28.84% down while it is 74.93% when we observe its performance for the past one month. Year-to-date it is 27.01% up and over the past year, the stock is showing a downside performance of -56.15%.

Currently, Canopy Growth Corporation’s total number of outstanding shares is 91.11M. Company’s return on investment (ROI) stands at -110.01% and return on equity (ROE) at -113.86%. Stock’s beta reads 1.40. Stock has a price to book (P/B) ratio of 1.30 while price to sale or P/S ratio amounts to 2.41. Its return on asset (ROA) is -51.17% on average.