Analytical Lens: Exploring Canopy Growth Corporation (CGC)’s Financial Story Through Ratios

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The closing price of Canopy Growth Corporation (NASDAQ: CGC) was $6.85 for the day, down -3.79% from the previous closing price of $7.12. In other words, the price has decreased by -$3.79 from its previous closing price. On the day, 2.48 million shares were traded. CGC stock price reached its highest trading level at $7.05 during the session, while it also had its lowest trading level at $6.66.

Ratios:

Our analysis of CGC’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.25 and its Current Ratio is at 1.58. In the meantime, Its Debt-to-Equity ratio is 1.34 whereas as Long-Term Debt/Eq ratio is at 1.10.

On November 02, 2022, Bernstein started tracking the stock assigning a Underperform rating and target price of $1.50.

Insider Transactions:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 10 ’24 when Mongeau Luc sold 3,745 shares for $9.94 per share. The transaction valued at 37,225 led to the insider holds 17,288 shares of the business.

Kruh Willy sold 3,738 shares of CGC for $37,156 on Jun 10 ’24. The Director now owns 17,295 shares after completing the transaction at $9.94 per share. On Jun 10 ’24, another insider, Lazzarato David Angelo, who serves as the Director of the company, sold 3,707 shares for $9.94 each. As a result, the insider received 36,848 and left with 34,875 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CGC now has a Market Capitalization of 702488064 and an Enterprise Value of 984265664. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.14 while its Price-to-Book (P/B) ratio in mrq is 1.69. Its current Enterprise Value per Revenue stands at 3.312 whereas that against EBITDA is -12.99.

Stock Price History:

Over the past 52 weeks, CGC has reached a high of $19.20, while it has fallen to a 52-week low of $2.76. The 50-Day Moving Average of the stock is -21.41%, while the 200-Day Moving Average is calculated to be 3.00%.

Shares Statistics:

CGC traded an average of 16.81M shares per day over the past three months and 3115090 shares per day over the past ten days. A total of 91.12M shares are outstanding, with a floating share count of 42.17M. Insiders hold about 44.89% of the company’s shares, while institutions hold 12.48% stake in the company. Shares short for CGC as of 1715731200 were 10349793 with a Short Ratio of 0.62, compared to 1713139200 on 9005685. Therefore, it implies a Short% of Shares Outstanding of 10349793 and a Short% of Float of 21.260001.

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