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Canopy Growth Corporation (NASDAQ: CGC) closed the day trading at $4.98 up 14.75% from the previous closing price of $4.34. In other words, the price has increased by $14.75 from its previous closing price. On the day, 18.35 million shares were traded. CGC stock price reached its highest trading level at $5.3 during the session, while it also had its lowest trading level at $4.315.
Ratios:
For a better understanding of CGC, let’s 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 Sep 30 ’24 when Kruh Willy sold 1,995 shares for $4.95 per share. The transaction valued at 9,875 led to the insider holds 13,288 shares of the business.
Yanofsky Theresa sold 1,987 shares of CGC for $9,836 on Sep 30 ’24. The Director now owns 24,199 shares after completing the transaction at $4.95 per share. On Sep 30 ’24, another insider, Mongeau Luc, who serves as the Director of the company, sold 1,995 shares for $4.95 each. As a result, the insider received 9,875 and left with 13,281 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 556176384 and an Enterprise Value of 849193024. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.99 while its Price-to-Book (P/B) ratio in mrq is 1.04. Its current Enterprise Value per Revenue stands at 2.958 whereas that against EBITDA is -14.308.
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 -0.44%, while the 200-Day Moving Average is calculated to be -19.84%.
Shares Statistics:
Over the past 3-months, CGC traded about 3.49M shares per day on average, while over the past 10 days, CGC traded about 3072880 shares per day. A total of 91.12M shares are outstanding, with a floating share count of 84.10M. Insiders hold about 0.89% of the company’s shares, while institutions hold 9.39% stake in the company. Shares short for CGC as of 1727654400 were 7964434 with a Short Ratio of 2.29, compared to 1724976000 on 7729923. Therefore, it implies a Short% of Shares Outstanding of 7964434 and a Short% of Float of 13.850000000000001.
