Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
In the latest session, Canopy Growth Corporation (NASDAQ: CGC) closed at $2.45 down -7.89% from its previous closing price of $2.66. In other words, the price has decreased by -$7.89 from its previous closing price. On the day, 7.68 million shares were traded. CGC stock price reached its highest trading level at $2.58 during the session, while it also had its lowest trading level at $2.38.
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 1.07 and its Current Ratio is at 1.39. In the meantime, Its Debt-to-Equity ratio is 1.20 whereas as Long-Term Debt/Eq ratio is at 0.85.
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 Dec 31 ’24 when Kruh Willy sold 2,004 shares for $2.67 per share. The transaction valued at 5,351 led to the insider holds 11,284 shares of the business.
Yanofsky Theresa sold 1,996 shares of CGC for $5,329 on Dec 31 ’24. The Director now owns 22,203 shares after completing the transaction at $2.67 per share. On Dec 31 ’24, another insider, Mongeau Luc, who serves as the Director of the company, sold 2,004 shares for $2.67 each. As a result, the insider received 5,351 and left with 11,277 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 363315392 and an Enterprise Value of 635717568. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.17 while its Price-to-Book (P/B) ratio in mrq is 0.61. Its current Enterprise Value per Revenue stands at 2.266 whereas that against EBITDA is -11.144.
Stock Price History:
The Beta on a monthly basis for CGC is 0.89, which has changed by -0.4895833 over the last 52 weeks, in comparison to a change of 0.22263205 over the same period for the S&P500. Over the past 52 weeks, CGC has reached a high of $14.92, while it has fallen to a 52-week low of $2.60. The 50-Day Moving Average of the stock is -32.35%, while the 200-Day Moving Average is calculated to be -60.02%.
Shares Statistics:
For the past three months, CGC has traded an average of 5.97M shares per day and 6044950 over the past ten days. A total of 98.67M shares are outstanding, with a floating share count of 97.95M. Insiders hold about 0.74% of the company’s shares, while institutions hold 9.54% stake in the company. Shares short for CGC as of 1734048000 were 9758334 with a Short Ratio of 1.63, compared to 1731628800 on 10089652. Therefore, it implies a Short% of Shares Outstanding of 9758334 and a Short% of Float of 10.27.
