The closing price of Canopy Growth Corporation (NASDAQ: CGC) was $9.16 for the day, down -9.58% from the previous closing price of $10.13. In other words, the price has decreased by -$0.97 from its previous closing price. On the day, 11234052 shares were traded. CGC stock price reached its highest trading level at $9.93 during the session, while it also had its lowest trading level at $9.04.
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 923.68M and an Enterprise Value of 1.30B. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.41 while its Price-to-Book (P/B) ratio in mrq is 1.84. Its current Enterprise Value per Revenue stands at 3.58 whereas that against EBITDA is -1.27.
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 4.82, while the 200-Day Moving Average is calculated to be 5.57.
Shares Statistics:
CGC traded an average of 10.28M shares per day over the past three months and 38.2M 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 6.74% stake in the company. Shares short for CGC as of Mar 15, 2024 were 5.29M with a Short Ratio of 0.51, 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 -$0.32 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 -$0.25, with high estimates of -$0.13 and low estimates of -$0.4.
Analysts are recommending an EPS of between -$1.47 and -$6.23 for the fiscal current year, implying an average EPS of -$4. EPS for the following year is -$0.99, with 8 analysts recommending between -$0.44 and -$1.52.
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 $63.47M to a low estimate of $50.04M. As of the current estimate, Canopy Growth Corporation’s year-ago sales were $64.64M, an estimated decrease of -17.80% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $54.87M, a decrease of -18.10% less than the figure of -$17.80% in the same quarter last year. There is a high estimate of $57.11M for the next quarter, whereas the lowest estimate is $53.65M.
A total of 10 analysts have provided revenue estimates for CGC’s current fiscal year. The highest revenue estimate was $280.77M, while the lowest revenue estimate was $215.59M, resulting in an average revenue estimate of $239.42M. In the same quarter a year ago, actual revenue was $297.79M, down -19.60% from the average estimate. Based on 10 analysts’ estimates, the company’s revenue will be $235.04M in the next fiscal year. The high estimate is $363.82M and the low estimate is $213.38M. The average revenue growth estimate for next year is down -1.80% from the average revenue estimate for this year.
