Canopy Growth Corporation (NASDAQ:CGC) does about 17.08M shares in volume on a normal day but saw 4389577 shares change hands in Friday’s trading. The company now has a market cap of 535.69M USD. Its current market price is $7.03, marking a decrease of -1.68% compared to the previous close of $7.15. The 52 week high reached by this stock is $19.20 whilst the lowest price level in 52 weeks is $2.76.
Canopy Growth Corporation (CGC) has a 20-day trading average at $8.99 and the current price is -63.39% off the 52-week high compared with 155.17% distance from its 52-week low. The 50-day simple moving average of the closing price is $9.04 and its 200-day simple moving average is $6.54. If we look at the stock’s price movements over the week, volatility stands at 8.07%, which increases to 10.63% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 36.32 to suggest the stock is neutral.
The consensus objective for the share price is $6.76, suggesting that the stock has a potential downside of -3.99% over the period.
Canopy Growth Corporation (CGC) stock is down -17.58% over the week and -22.15% over the past month. Its price is 37.57% year-to-date and -2.73% over the past year.
To reach the target analysts have set, the stock logically needs to shrink -3.99 percent from here.
The company has a return on investment of -62.83% and return on equity of -81.30%. The beta has a value of 0.97. Price to book ratio is 1.73 and price to sales ratio is 2.19.
