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.