Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
Canopy Growth Corporation (NASDAQ: CGC) closed the day trading at $9.48 down -2.47% from the previous closing price of $9.72. In other words, the price has decreased by -$2.47 from its previous closing price. On the day, 12.62 million shares were traded. CGC stock price reached its highest trading level at $10.31 during the session, while it also had its lowest trading level at $9.35.
Ratios:
For a better understanding of CGC, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.40 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:
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 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 863766336 and an Enterprise Value of 1368792448. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.53 while its Price-to-Book (P/B) ratio in mrq is 1.90. Its current Enterprise Value per Revenue stands at 3.779 whereas that against EBITDA is -5.571.
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 40.32%, while the 200-Day Moving Average is calculated to be 58.31%.
Shares Statistics:
Over the past 3-months, CGC traded about 15.14M shares per day on average, while over the past 10 days, CGC traded about 25131960 shares per day. A total of 91.11M shares are outstanding, with a floating share count of 64.78M. Insiders hold about 28.90% of the company’s shares, while institutions hold 6.71% stake in the company. Shares short for CGC as of 1713139200 were 9005685 with a Short Ratio of 0.59, compared to 1710460800 on 5291541. Therefore, it implies a Short% of Shares Outstanding of 9005685 and a Short% of Float of 12.23.
