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In the latest session, Canopy Growth Corporation (NASDAQ: CGC) closed at $5.21 up 0.58% from its previous closing price of $5.18. In other words, the price has increased by $0.58 from its previous closing price. On the day, 1.56 million shares were traded. CGC stock price reached its highest trading level at $5.2601 during the session, while it also had its lowest trading level at $5.13.
Ratios:
For a deeper understanding of Canopy Growth Corporation’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Aug 22 ’24 when Klein David Eric sold 40,135 shares for $8.35 per share. The transaction valued at 335,127 led to the insider holds 360,829 shares of the business.
Gedeon Christelle sold 16,788 shares of CGC for $140,180 on Aug 22 ’24. The insider now owns 128,435 shares after completing the transaction at $8.35 per share. On Aug 22 ’24, another insider, Hong Judy Eun Joo, who serves as the Chief Financial Officer of the company, sold 50,188 shares for $8.35 each. As a result, the insider received 419,070 and left with 187,037 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 580690944 and an Enterprise Value of 868709888. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.09 while its Price-to-Book (P/B) ratio in mrq is 1.08. Its current Enterprise Value per Revenue stands at 3.026 whereas that against EBITDA is -14.637.
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 -22.27%, while the 200-Day Moving Average is calculated to be -18.84%.
Shares Statistics:
For the past three months, CGC has traded an average of 3.74M shares per day and 2556090 over the past ten days. A total of 91.12M shares are outstanding, with a floating share count of 84.06M. Insiders hold about 0.94% of the company’s shares, while institutions hold 8.39% stake in the company. Shares short for CGC as of 1723680000 were 7427575 with a Short Ratio of 1.98, compared to 1721001600 on 8098449. Therefore, it implies a Short% of Shares Outstanding of 7427575 and a Short% of Float of 12.920000000000002.
