It’s Not A Fantasy To Think That Canopy Growth Corporation (CGC) Has Big Future Potential

Canopy Growth Corporation (NASDAQ:CGC) currently has a daily average trading volume of 3.28M but it saw 2879417 shares traded in last market. With a market cap of 383.57M USD, the company’s current market price of $4.52 came rising about 2.49 while comparing to the previous closing price of $4.41. In past 52 weeks, the stock remained buoying in the range of price level as high as $14.92 and as low as $2.76. In the recent trading on the day, stock has struck highest price mark of $4.42 while lowest mark touched by it was $4.535.

Taking a look at 20-day trading activity of Canopy Growth Corporation (CGC) gives us an average price of $4.77, while its current price level is -69.71% below from 52-week high level whereas it is 64.07% 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 $5.98 while that of 200 days or SMA-200 reads an average of $6.30. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.60% during that period while stretching the period over a month that increases to 5.49%. 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 33.38 which implies that the stock is in neutral territory.

Over the week, CGC’s stock price is moving -4.03% down while it is -19.00% when we observe its performance for the past one month. Year-to-date it is -11.55% down and over the past year, the stock is showing a downside performance of -50.99%.

Currently, Canopy Growth Corporation’s total number of outstanding shares is 91.12M. Company’s return on investment (ROI) stands at -67.96% and return on equity (ROE) at -86.35%. Stock’s beta reads 0.87. Stock has a price to book (P/B) ratio of 0.94 while price to sale or P/S ratio amounts to 1.81. Its return on asset (ROA) is -34.23% on average.