Canopy Growth Corporation (NASDAQ: CGC) – Time For Strategy Change?

Canopy Growth Corporation (NASDAQ:CGC) currently has a daily average trading volume of 7.50M but it saw 4993496 shares traded in last market. With a market cap of 515.87M USD, the company’s current market price of $6.77 came falling about -10.92 while comparing to the previous closing price of $7.60. 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 $7.10, while its current price level is -64.74% below from 52-week high level whereas it is 145.74% 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 $7.39 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 7.85% during that period while stretching the period over a month that increases to 8.09%. 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 43.69 which implies that the stock is in neutral territory.

Over the week, CGC’s stock price is moving -5.45% down while it is 8.15% when we observe its performance for the past one month. Year-to-date it is 32.49% up and over the past year, the stock is showing an upside performance of 43.49%.

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 0.94. Stock has a price to book (P/B) ratio of 1.67 while price to sale or P/S ratio amounts to 2.11. Its return on asset (ROA) is -27.23% on average.