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The closing price of Canopy Growth Corporation (NASDAQ: CGC) was $7.22 for the day, down -0.28% from the previous closing price of $7.24. In other words, the price has decreased by -$0.28 from its previous closing price. On the day, 2.73 million shares were traded. CGC stock price reached its highest trading level at $7.28 during the session, while it also had its lowest trading level at $6.935.
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 1.25 and its Current Ratio is at 1.58. In the meantime, Its Debt-to-Equity ratio is 1.37 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:
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 Jun 10 ’24 when Mongeau Luc sold 3,745 shares for $9.94 per share. The transaction valued at 37,225 led to the insider holds 17,288 shares of the business.
Kruh Willy sold 3,738 shares of CGC for $37,156 on Jun 10 ’24. The Director now owns 17,295 shares after completing the transaction at $9.94 per share. On Jun 10 ’24, another insider, Lazzarato David Angelo, who serves as the Director of the company, sold 3,707 shares for $9.94 each. As a result, the insider received 36,848 and left with 34,875 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 744735744 and an Enterprise Value of 1012458752. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.25 while its Price-to-Book (P/B) ratio in mrq is 1.78. Its current Enterprise Value per Revenue stands at 3.407 whereas that against EBITDA is -13.362.
Stock Price History:
The Beta on a monthly basis for CGC is 0.96, which has changed by 0.19734657 over the last 52 weeks, in comparison to a change of 0.24711585 over the same period for the S&P500. 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 -18.67%, while the 200-Day Moving Average is calculated to be 9.03%.
Shares Statistics:
CGC traded an average of 17.27M shares per day over the past three months and 4098070 shares per day over the past ten days. A total of 91.12M shares are outstanding, with a floating share count of 41.99M. Insiders hold about 44.89% of the company’s shares, while institutions hold 12.49% stake in the company. Shares short for CGC as of 1715731200 were 10349793 with a Short Ratio of 0.60, compared to 1713139200 on 9005685. Therefore, it implies a Short% of Shares Outstanding of 10349793 and a Short% of Float of 21.260001.
Earnings Estimates
The stock of Canopy Growth Corporation (CGC) is currently in the spotlight, with 4.0 analysts actively rating and assessing its market standing.On average, analysts expect EPS of -$0.32 for the current quarter, with a high estimate of -$0.22 and a low estimate of -$0.44, while EPS last year was -$0.52. The consensus estimate for the next quarter is -$0.3, with high estimates of -$0.23 and low estimates of -$0.4.
Analysts are recommending an EPS of between -$0.91 and -$1.72 for the fiscal current year, implying an average EPS of -$1.21. EPS for the following year is -$0.93, with 5.0 analysts recommending between -$0.57 and -$1.4.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 7 analysts. It ranges from a high estimate of $55.03M to a low estimate of $51.63M. As of the current estimate, Canopy Growth Corporation’s year-ago sales were $66.99MFor the next quarter, 7 analysts are estimating revenue of $51.1M. There is a high estimate of $57.21M for the next quarter, whereas the lowest estimate is $47.87M.
A total of 9 analysts have provided revenue estimates for CGC’s current fiscal year. The highest revenue estimate was $234.01M, while the lowest revenue estimate was $213.56M, resulting in an average revenue estimate of $219.91M. In the same quarter a year ago, actual revenue was $250.03MBased on 7 analysts’ estimates, the company’s revenue will be $233.19M in the next fiscal year. The high estimate is $241.35M and the low estimate is $223.18M.
