After finishing at $3.05 in the prior trading day, Canopy Growth Corporation (NASDAQ: CGC) closed at $3.01, down -1.31%. In other words, the price has decreased by -$0.0400 from its previous closing price. On the day, 1770976 shares were traded.
Ratios:
Our goal is to gain a better understanding of CGC by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.40 and its Current Ratio is at 1.79. In the meantime, Its Debt-to-Equity ratio is 1.27 whereas as Long-Term Debt/Eq ratio is at 1.08.
On November 02, 2022, Bernstein started tracking the stock assigning a Underperform rating and target price of $1.50.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Dec 29 ’23 when Lazzarato David Angelo sold 3,713 shares for $6.68 per share. The transaction valued at 24,803 led to the insider holds 17,042 shares of the business.
Yanofsky Theresa sold 3,697 shares of CGC for $24,696 on Dec 29 ’23. The Director now owns 17,501 shares after completing the transaction at $6.68 per share. On Nov 20 ’23, another insider, Lazzarato David Angelo, who serves as the Director of the company, sold 38,502 shares for $0.81 each. As a result, the insider received 31,187 and left with 207,562 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 276.97M and an Enterprise Value of 653.85M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.12 while its Price-to-Book (P/B) ratio in mrq is 0.60. Its current Enterprise Value per Revenue stands at 1.80 whereas that against EBITDA is -0.64.
Stock Price History:
Over the past 52 weeks, CGC has reached a high of $22.40, while it has fallen to a 52-week low of $2.81. The 50-Day Moving Average of the stock is 4.1638, while the 200-Day Moving Average is calculated to be 5.7055.
Shares Statistics:
The stock has traded on average 3.18M shares per day over the past 3-months and 2.61M shares per day over the last 10 days, according to various share statistics. A total of 91.11M shares are outstanding, with a floating share count of 73.89M. Insiders hold about 18.90% of the company’s shares, while institutions hold 6.74% stake in the company. Shares short for CGC as of Feb 15, 2024 were 4.73M with a Short Ratio of 1.49, compared to 5.55M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.19% and a Short% of Float of 6.43%.
Earnings Estimates
Its stock is currently analyzed by 5 different market analysts. On average, analysts expect EPS of -$0.33 for the current quarter, with a high estimate of -$0.15 and a low estimate of -$0.58, while EPS last year was -$9.46. The consensus estimate for the next quarter is -$0.29, with high estimates of -$0.13 and low estimates of -$0.58.
Analysts are recommending an EPS of between -$2 and -$5.45 for the fiscal current year, implying an average EPS of -$4.07. EPS for the following year is -$1.08, with 8 analysts recommending between -$0.44 and -$2.11.
Revenue Estimates
9 analysts predict $53.2M in revenue for the current quarter. It ranges from a high estimate of $63.82M to a low estimate of $48.08M. As of the current estimate, Canopy Growth Corporation’s year-ago sales were $64.64M, an estimated decrease of -17.70% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $54.81M, a decrease of -18.20% less than the figure of -$17.70% in the same quarter last year. There is a high estimate of $57.43M for the next quarter, whereas the lowest estimate is $51.83M.
A total of 10 analysts have provided revenue estimates for CGC’s current fiscal year. The highest revenue estimate was $282.34M, while the lowest revenue estimate was $210.46M, resulting in an average revenue estimate of $240.12M. In the same quarter a year ago, actual revenue was $297.79M, down -19.40% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $235.11M in the next fiscal year. The high estimate is $365.85M and the low estimate is $202.24M. The average revenue growth estimate for next year is down -2.10% from the average revenue estimate for this year.
