Should You Sell Canopy Growth Corporation (CGC) And Go Away This Year?

Canopy Growth Corporation (NASDAQ:CGC) currently has a daily average trading volume of 8.02M but it saw 4777529 shares traded in last market. With a market cap of 162.57M USD, the company’s current market price of $1.05 came rising about 2.94 while comparing to the previous closing price of $1.02. In past 52 weeks, the stock remained buoying in the range of price level as high as $14.92 and as low as $0.88. In the recent trading on the day, stock has struck highest price mark of $0.98 while lowest mark touched by it was $1.06.

Taking a look at 20-day trading activity of Canopy Growth Corporation (CGC) gives us an average price of $1.0933, while its current price level is -92.96% below from 52-week high level whereas it is 19.03% 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 $1.5467 while that of 200 days or SMA-200 reads an average of $4.0890. A closer look into the stock’s movement over the week reveals that its volatility is standing at 10.17% during that period while stretching the period over a month that decreases to 8.81%. 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 37.41 which implies that the stock is in neutral territory.

Year-to-date it is -61.68% down and over the past year, the stock is showing a downside performance of -86.06%.

Currently, Canopy Growth Corporation’s total number of outstanding shares is 154.83M. Company’s return on investment (ROI) stands at -46.51% and return on equity (ROE) at -84.50%. Stock’s beta reads 0.88. Stock has a price to book (P/B) ratio of 0.33 while price to sale or P/S ratio amounts to 0.80. Its return on asset (ROA) is -37.84% on average.