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The closing price of Canopy Growth Corporation (NASDAQ: CGC) was $6.66 for the day, down -5.40% from the previous closing price of $7.04. In other words, the price has decreased by -$5.40 from its previous closing price. On the day, 3.83 million shares were traded. CGC stock price reached its highest trading level at $7.0745 during the session, while it also had its lowest trading level at $6.56.
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 1.64 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:
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 28 ’24 when Yanofsky Theresa sold 1,983 shares for $6.41 per share. The transaction valued at 12,711 led to the insider holds 26,186 shares of the business.
Mongeau Luc sold 2,012 shares of CGC for $12,897 on Jun 28 ’24. The Director now owns 15,276 shares after completing the transaction at $6.41 per share. On Jun 28 ’24, another insider, Lazzarato David Angelo, who serves as the Director of the company, sold 2,986 shares for $6.41 each. As a result, the insider received 19,140 and left with 31,889 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 734311616 and an Enterprise Value of 991751104. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.67 while its Price-to-Book (P/B) ratio in mrq is 1.39. Its current Enterprise Value per Revenue stands at 3.454 whereas that against EBITDA is -16.71.
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 -3.89%, while the 200-Day Moving Average is calculated to be 3.97%.
Shares Statistics:
CGC traded an average of 4.38M shares per day over the past three months and 3040110 shares per day over the past ten days. A total of 91.12M shares are outstanding, with a floating share count of 84.79M. Insiders hold about 0.08% of the company’s shares, while institutions hold 8.50% stake in the company. Shares short for CGC as of 1722384000 were 8502404 with a Short Ratio of 1.94, compared to 1719532800 on 8732873. Therefore, it implies a Short% of Shares Outstanding of 8502404 and a Short% of Float of 14.790000000000001.
