As of close of business last night, Canopy Growth Corporation’s stock clocked out at $7.80, down -4.29% from its previous closing price of $8.15. On the day, 7457321 shares were traded.
Ratios:
To gain a deeper understanding of CGC’s stock, we examine 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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:
For the stock, the TTM Price-to-Sale (P/S) ratio is 2.90 while its Price-to-Book (P/B) ratio in mrq is 1.57.
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.
Shares 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 6.73% stake in the company.
Earnings Estimates
As of right now, Canopy Growth Corporation analysts gave their recommendation on the stock of the company. The consensus estimate for the next quarter is $6.38, with high estimates of $70.73 and low estimates of $25.58.
