Canopy Growth Corporation (CGC): Uncovering A True Diamond In The Rough

Canopy Growth Corporation (NASDAQ:CGC) currently has a daily average trading volume of 13.29M but it saw 55131596 shares traded in last market. With a market cap of 1.04B USD, the company’s current market price of $11.44 came falling about -23.12 while comparing to the previous closing price of $14.88. 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 $8.92, while its current price level is -40.42% below from 52-week high level whereas it is 315.24% 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 $6.35 while that of 200 days or SMA-200 reads an average of $5.90. A closer look into the stock’s movement over the week reveals that its volatility is standing at 32.61% during that period while stretching the period over a month that decreases to 20.02%. 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 59.90 which implies that the stock is in neutral territory.

Over the week, CGC’s stock price is moving 27.54% up while it is 37.01% when we observe its performance for the past one month. Year-to-date it is 123.87% up and over the past year, the stock is showing a downside performance of -11.32%.

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 1.11. Stock has a price to book (P/B) ratio of 2.30 while price to sale or P/S ratio amounts to 4.25. Its return on asset (ROA) is -51.17% on average.