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After finishing at $4.64 in the prior trading day, Canopy Growth Corporation (NASDAQ: CGC) closed at $4.57, down -1.51%. In other words, the price has decreased by -$1.51 from its previous closing price. On the day, 2.26 million shares were traded. CGC stock price reached its highest trading level at $4.71 during the session, while it also had its lowest trading level at $4.51.
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 1.64 and its Current Ratio is at 2.15. In the meantime, Its Debt-to-Equity ratio is 1.17 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 Aug 22 ’24 when Klein David Eric sold 40,135 shares for $8.35 per share. The transaction valued at 335,127 led to the insider holds 360,829 shares of the business.
Gedeon Christelle sold 16,788 shares of CGC for $140,180 on Aug 22 ’24. The insider now owns 128,435 shares after completing the transaction at $8.35 per share. On Aug 22 ’24, another insider, Hong Judy Eun Joo, who serves as the Chief Financial Officer of the company, sold 50,188 shares for $8.35 each. As a result, the insider received 419,070 and left with 187,037 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 507032384 and an Enterprise Value of 814402048. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.83 while its Price-to-Book (P/B) ratio in mrq is 0.95. Its current Enterprise Value per Revenue stands at 2.837 whereas that against EBITDA is -13.722.
Stock Price History:
Over the past 52 weeks, CGC has reached a high of $14.92, while it has fallen to a 52-week low of $2.76. The 50-Day Moving Average of the stock is -26.13%, while the 200-Day Moving Average is calculated to be -28.04%.
Shares Statistics:
The stock has traded on average 3.30M shares per day over the past 3-months and 2510180 shares per day over the last 10 days, according to various share statistics. A total of 91.12M shares are outstanding, with a floating share count of 84.14M. Insiders hold about 0.84% of the company’s shares, while institutions hold 8.37% stake in the company. Shares short for CGC as of 1724976000 were 7729923 with a Short Ratio of 2.34, compared to 1722384000 on 8502404. Therefore, it implies a Short% of Shares Outstanding of 7729923 and a Short% of Float of 13.450000000000001.
