Canopy Growth Corporation (NASDAQ:CGC) currently has a daily average trading volume of 4.45M but it saw 6489804 shares traded in last market. With a market cap of 701.63M USD, the company’s current market price of $4.55 came rising about 3.17 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 $4.45 while lowest mark touched by it was $4.745.
Taking a look at 20-day trading activity of Canopy Growth Corporation (CGC) gives us an average price of $4.76, while its current price level is -69.50% below from 52-week high level whereas it is 65.15% 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 $4.68 while that of 200 days or SMA-200 reads an average of $6.24. A closer look into the stock’s movement over the week reveals that its volatility is standing at 9.41% during that period while stretching the period over a month that decreases to 8.41%. 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 46.24 which implies that the stock is in neutral territory.
Over the week, CGC’s stock price is moving -0.87% down while it is 12.90% when we observe its performance for the past one month. Year-to-date it is -10.96% down and over the past year, the stock is showing a downside performance of -22.54%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -3.18 beaten by the consensus estimate of -1.24 for the same. The company is expected to be releasing its next quarterly report on 2024-Nov-08, for which analysts forecasted an EPS of -0.27 while estimate for next year EPS is -1.67. In next quarter, company is expected to be making quarterly sales of $53.5M as analysts are expecting the sales for current fiscal year at $205.13M and seeing the company making $223.33M in sales next year. Moreover, analysts are in estimates of $47.14M for current-quarter revenue.
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 0.88. Stock has a price to book (P/B) ratio of 0.95 while price to sale or P/S ratio amounts to 3.31. Its return on asset (ROA) is -34.23% on average.
