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The price of Canopy Growth Corporation (NASDAQ: CGC) closed at $6.26 in the last session, down -2.03% from day before closing price of $6.39. In other words, the price has decreased by -$2.03 from its previous closing price. On the day, 1.58 million shares were traded. CGC stock price reached its highest trading level at $6.39 during the session, while it also had its lowest trading level at $6.2.
Ratios:
We take a closer look at CGC’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Jun 28 ’24 when Lazzarato David Angelo sold 2,986 shares for $6.41 per share. The transaction valued at 19,140 led to the insider holds 31,889 shares of the business.
Mongeau Luc sold 2,012 shares of CGC for $12,897 on Jun 28 ’24. The Director now owns 15,276 shares after completing the transaction at $6.41 per share. On Jun 28 ’24, another insider, Kruh Willy, who serves as the Director of the company, sold 2,012 shares for $6.41 each. As a result, the insider received 12,897 and left with 15,283 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 662383168 and an Enterprise Value of 939309056. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.95 while its Price-to-Book (P/B) ratio in mrq is 1.54. Its current Enterprise Value per Revenue stands at 3.161 whereas that against EBITDA is -12.397.
Stock Price History:
The Beta on a monthly basis for CGC is 0.94, which has changed by 0.36383438 over the last 52 weeks, in comparison to a change of 0.23886502 over the same period for the S&P500. 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 -27.08%, while the 200-Day Moving Average is calculated to be -3.90%.
Shares Statistics:
According to the various share statistics, CGC traded on average about 12.39M shares per day over the past 3-months and 2575500 shares per day over the past 10 days. A total of 91.12M shares are outstanding, with a floating share count of 42.17M. Insiders hold about 44.65% of the company’s shares, while institutions hold 12.48% stake in the company. Shares short for CGC as of 1718323200 were 11011438 with a Short Ratio of 0.89, compared to 1715731200 on 10349793. Therefore, it implies a Short% of Shares Outstanding of 11011438 and a Short% of Float of 22.1.
