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As of close of business last night, Canopy Growth Corporation’s stock clocked out at $7.30, up 1.96% from its previous closing price of $7.16. In other words, the price has increased by $1.96 from its previous closing price. On the day, 2.28 million shares were traded. CGC stock price reached its highest trading level at $7.43 during the session, while it also had its lowest trading level at $7.1802.
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 1.25 and its Current Ratio is at 1.58. In the meantime, Its Debt-to-Equity ratio is 1.34 whereas as Long-Term Debt/Eq ratio is at 1.10.
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 Jun 28 ’24 when Lazzarato David Angelo sold 2,986 shares for $6.41 per share. The transaction valued at 19,140 led to the insider holds 31,889 shares of the business.
Mongeau Luc sold 2,012 shares of CGC for $12,897 on Jun 28 ’24. The Director now owns 15,276 shares after completing the transaction at $6.41 per share. On Jun 28 ’24, another insider, Kruh Willy, who serves as the Director of the company, sold 2,012 shares for $6.41 each. As a result, the insider received 12,897 and left with 15,283 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 746534528 and an Enterprise Value of 1018554560. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.28 while its Price-to-Book (P/B) ratio in mrq is 1.80. Its current Enterprise Value per Revenue stands at 3.428 whereas that against EBITDA is -13.443.
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 -5.01%, while the 200-Day Moving Average is calculated to be 15.04%.
Shares Statistics:
It appears that CGC traded 9.19M shares on average per day over the past three months and 5607100 shares per day over the past ten days. A total of 91.12M shares are outstanding, with a floating share count of 75.47M. Insiders hold about 0.95% of the company’s shares, while institutions hold 12.33% stake in the company. Shares short for CGC as of 1721001600 were 8098449 with a Short Ratio of 0.88, compared to 1718323200 on 11011438. Therefore, it implies a Short% of Shares Outstanding of 8098449 and a Short% of Float of 16.259999999999998.
