A Few Bright Spots In Canopy Growth Corporation (NASDAQ: CGC)

Canopy Growth Corporation (NASDAQ:CGC) currently has a daily average trading volume of 9.22M but it saw 2281579 shares traded in last market. With a market cap of 545.59M USD, the company’s current market price of $7.16 came falling about -2.19 while comparing to the previous closing price of $7.32. 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 $6.88, while its current price level is -62.71% below from 52-week high level whereas it is 159.89% 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 $7.69 while that of 200 days or SMA-200 reads an average of $6.35. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.75% during that period while stretching the period over a month that decreases to 7.52%. 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 49.14 which implies that the stock is in neutral territory.

Over the week, CGC’s stock price is moving -0.83% down while it is 10.49% when we observe its performance for the past one month. Year-to-date it is 40.12% up and over the past year, the stock is showing an upside performance of 84.16%.

Currently, Canopy Growth Corporation’s total number of outstanding shares is 91.12M. Company’s return on investment (ROI) stands at -62.83% and return on equity (ROE) at -81.30%. Stock’s beta reads 0.92. Stock has a price to book (P/B) ratio of 1.76 while price to sale or P/S ratio amounts to 2.23. Its return on asset (ROA) is -27.23% on average.