The price of Canopy Growth Corporation (NASDAQ: CGC) closed at $3.47 in the last session, up 3.27% from day before closing price of $3.36. In other words, the price has increased by $+0.1100 from its previous closing price. On the day, 2819033 shares were traded.
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 1.40 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:
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 Dec 29 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. The Director now owns 17,501 shares after completing the transaction at $6.68 per share. On Nov 20, 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 318.36M and an Enterprise Value of 693.74M. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.29 while its Price-to-Book (P/B) ratio in mrq is 0.70. Its current Enterprise Value per Revenue stands at 1.92 whereas that against EBITDA is -0.68.
Stock Price History:
Over the past 52 weeks, CGC has reached a high of $23.70, while it has fallen to a 52-week low of $3.21. The 50-Day Moving Average of the stock is 4.5924, while the 200-Day Moving Average is calculated to be 6.0974.
Shares Statistics:
According to the various share statistics, CGC traded on average about 3.19M shares per day over the past 3-months and 3.54M shares per day over the past 10 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 5.67% stake in the company. Shares short for CGC as of Jan 31, 2024 were 4.17M with a Short Ratio of 1.31, compared to 3.91M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.58% and a Short% of Float of 5.64%.
Earnings Estimates
The company has 3 analysts who recommend its stock at the moment. 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 -$9.49. The consensus estimate for the next quarter is -$0.32, with high estimates of -$0.13 and low estimates of -$0.58.
Analysts are recommending an EPS of between -$2 and -$5.15 for the fiscal current year, implying an average EPS of -$3.84. EPS for the following year is -$1.14, with 6 analysts recommending between -$0.44 and -$2.11.
Revenue Estimates
According to 8 analysts, the current quarter’s revenue is expected to be $53.53M. It ranges from a high estimate of $64.02M to a low estimate of $47.83M. As of the current estimate, Canopy Growth Corporation’s year-ago sales were $64.64M, an estimated decrease of -17.20% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $54.92M, a decrease of -18.00% less than the figure of -$17.20% in the same quarter last year. There is a high estimate of $57.6M for the next quarter, whereas the lowest estimate is $51.56M.
A total of 10 analysts have provided revenue estimates for CGC’s current fiscal year. The highest revenue estimate was $283.19M, while the lowest revenue estimate was $209.36M, resulting in an average revenue estimate of $240.68M. In the same quarter a year ago, actual revenue was $298.69M, down -19.40% from the average estimate. Based on 9 analysts’ estimates, the company’s revenue will be $237.2M in the next fiscal year. The high estimate is $366.97M and the low estimate is $201.18M. The average revenue growth estimate for next year is down -1.40% from the average revenue estimate for this year.
