Look Past The Setbacks And Give Canopy Growth Corporation (NASDAQ: CGC) Another Chance

Canopy Growth Corporation (NASDAQ:CGC) currently has a daily average trading volume of 5.84M but it saw 3897058 shares traded in last market. With a market cap of 280.22M USD, the company’s current market price of $2.84 came rising about 1.07 while comparing to the previous closing price of $2.81. In past 52 weeks, the stock remained buoying in the range of price level as high as $14.92 and as low as $2.70. In the recent trading on the day, stock has struck highest price mark of $2.76 while lowest mark touched by it was $2.86.

Taking a look at 20-day trading activity of Canopy Growth Corporation (CGC) gives us an average price of $3.28, while its current price level is -80.97% below from 52-week high level whereas it is 5.19% 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 $3.98 while that of 200 days or SMA-200 reads an average of $6.20. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.54% during that period while stretching the period over a month that decreases to 6.04%. 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 30.79 which implies that the stock is in neutral territory.

Over the week, CGC’s stock price is moving 0.35% up while it is -31.57% when we observe its performance for the past one month. Year-to-date it is -44.42% down and over the past year, the stock is showing a downside performance of -49.82%.

Currently, Canopy Growth Corporation’s total number of outstanding shares is 98.67M. Company’s return on investment (ROI) stands at -59.39% and return on equity (ROE) at -92.35%. Stock’s beta reads 0.84. Stock has a price to book (P/B) ratio of 0.71 while price to sale or P/S ratio amounts to 1.36. Its return on asset (ROA) is -40.09% on average.