It’s Not A Fantasy To Think That Canopy Growth Corporation (CGC) Has Big Future Potential

Canopy Growth Corporation (NASDAQ:CGC) currently has a daily average trading volume of 7.13M but it saw 12712694 shares traded in last market. With a market cap of 324.14M USD, the company’s current market price of $1.80 came rising about 1.69 while comparing to the previous closing price of $1.77. In past 52 weeks, the stock remained buoying in the range of price level as high as $10.71 and as low as $0.77.

Taking a look at 20-day trading activity of Canopy Growth Corporation (CGC) gives us an average price of $1.4385, while its current price level is -83.19% below from 52-week high level whereas it is 133.77% 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 $1.2066 while that of 200 days or SMA-200 reads an average of $3.1215. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.09% during that period while stretching the period over a month that decreases to 11.11%. 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 70.43 which implies that the stock is in overbought territory.

Over the week, CGC’s stock price is moving 27.66% up while it is 52.54% when we observe its performance for the past one month. Year-to-date it is -34.31% down and over the past year, the stock is showing a downside performance of -83.41%.

Currently, Canopy Growth Corporation’s total number of outstanding shares is 180.08M with 0.12% of that held by the insiders while 8.33% 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 0.87. Stock has a price to book (P/B) ratio of 0.57 while price to sale or P/S ratio amounts to 1.60. Its return on asset (ROA) is -37.84% on average.

Comet Reports
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.