Canopy Growth Corporation (NASDAQ: CGC) Emerges As Guiding Light For Investors

Canopy Growth Corporation (NASDAQ:CGC) currently has a daily average trading volume of 7.07M but it saw 7403950 shares traded in last market. With a market cap of 202.11M USD, the company’s current market price of $1.41 came falling about -6.00 while comparing to the previous closing price of $1.50. In past 52 weeks, the stock remained buoying in the range of price level as high as $14.92 and as low as $1.47.

Taking a look at 20-day trading activity of Canopy Growth Corporation (CGC) gives us an average price of $1.8728, while its current price level is -90.55% below from 52-week high level whereas it is -4.08% 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 $2.2977 while that of 200 days or SMA-200 reads an average of $5.0009. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.40% during that period while stretching the period over a month that increases to 9.12%. 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 29.39 which implies that the stock is in oversold territory.

Over the week, CGC’s stock price is moving -12.42% down while it is -33.18% when we observe its performance for the past one month. Year-to-date it is -48.54% down and over the past year, the stock is showing a downside performance of -59.37%.

Currently, Canopy Growth Corporation’s total number of outstanding shares is 143.34M with 0.15% of that held by the insiders while 6.78% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -46.51% and return on equity (ROE) at -84.50%. Stock’s beta reads 0.86. Stock has a price to book (P/B) ratio of 0.44 while price to sale or P/S ratio amounts to 1.00. Its return on asset (ROA) is -37.84% on average.