Canopy Growth Corporation (CGC) Stock Performance: 52-Week Analysis

The closing price of Canopy Growth Corporation (NASDAQ: CGC) was $7.53 for the day, down -12.75% from the previous closing price of $8.63. In other words, the price has decreased by -$1.10 from its previous closing price. On the day, 21243351 shares were traded. CGC stock price reached its highest trading level at $8.42 during the session, while it also had its lowest trading level at $7.25.

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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 1.40 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:

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 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 687.24M and an Enterprise Value of 1.06B. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.80 while its Price-to-Book (P/B) ratio in mrq is 1.51. Its current Enterprise Value per Revenue stands at 2.93 whereas that against EBITDA is -1.04.

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 4.23, while the 200-Day Moving Average is calculated to be 5.48.

Shares Statistics:

CGC traded an average of 7.69M shares per day over the past three months and 32.95M shares per day over the past ten days. 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 6.72% stake in the company. Shares short for CGC as of Mar 15, 2024 were 5.29M with a Short Ratio of 0.69, compared to 4.73M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.81% and a Short% of Float of 7.18%.

Earnings Estimates

The firm’s stock currently is rated by 5 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 -$1.48 and -$5.46 for the fiscal current year, implying an average EPS of -$3.87. EPS for the following year is -$1.08, with 8 analysts recommending between -$0.44 and -$2.11.

Revenue Estimates

It is expected that $90B in revenue will be generated in the current quarter, according to 9 analysts. It ranges from a high estimate of $63.91M to a low estimate of $47.98M. As of the current estimate, Canopy Growth Corporation’s year-ago sales were $64.64M, an estimated decrease of -17.60% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $54.86M, a decrease of -18.10% less than the figure of -$17.60% in the same quarter last year. There is a high estimate of $57.5M for the next quarter, whereas the lowest estimate is $51.73M.

A total of 10 analysts have provided revenue estimates for CGC’s current fiscal year. The highest revenue estimate was $282.71M, while the lowest revenue estimate was $210.02M, resulting in an average revenue estimate of $240.37M. In the same quarter a year ago, actual revenue was $297.79M, down -19.30% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $235.36M in the next fiscal year. The high estimate is $366.34M and the low estimate is $201.82M. The average revenue growth estimate for next year is down -2.10% from the average revenue estimate for this year.

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