With 98.67M Outstanding Shares, Can Canopy Growth Corporation (NASDAQ: CGC) Deliver Big Short-Term Gains?

Canopy Growth Corporation (NASDAQ:CGC) currently has a daily average trading volume of 5.83M but it saw 9927810 shares traded in last market. With a market cap of 284.17M USD, the company’s current market price of $2.88 came rising about 5.11 while comparing to the previous closing price of $2.74. In past 52 weeks, the stock remained buoying in the range of price level as high as $14.92 and as low as $2.65. In the recent trading on the day, stock has struck highest price mark of $2.8307 while lowest mark touched by it was $2.99.

Taking a look at 20-day trading activity of Canopy Growth Corporation (CGC) gives us an average price of $3.08, while its current price level is -80.70% below from 52-week high level whereas it is 8.68% 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 $3.86 while that of 200 days or SMA-200 reads an average of $6.19. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.39% during that period while stretching the period over a month that increases to 6.28%. 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 36.06 which implies that the stock is in neutral territory.

Over the week, CGC’s stock price is moving 2.49% up while it is -24.21% when we observe its performance for the past one month. Year-to-date it is 5.11% up and over the past year, the stock is showing a downside performance of -39.87%.

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 0.88. Stock has a price to book (P/B) ratio of 0.72 while price to sale or P/S ratio amounts to 1.38. Its return on asset (ROA) is -40.09% on average.