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The price of Canopy Growth Corporation (NASDAQ: CGC) closed at $2.78 in the last session, down -2.11% from day before closing price of $2.84. In other words, the price has decreased by -$2.11 from its previous closing price. On the day, 6.32 million shares were traded. CGC stock price reached its highest trading level at $2.875 during the session, while it also had its lowest trading level at $2.66.
Ratios:
We take a closer look at CGC’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 30 ’24 when Kruh Willy sold 1,995 shares for $4.95 per share. The transaction valued at 9,875 led to the insider holds 13,288 shares of the business.
Yanofsky Theresa sold 1,987 shares of CGC for $9,836 on Sep 30 ’24. The Director now owns 24,199 shares after completing the transaction at $4.95 per share. On Sep 30 ’24, another insider, Mongeau Luc, who serves as the Director of the company, sold 1,995 shares for $4.95 each. As a result, the insider received 9,875 and left with 13,281 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 414664800 and an Enterprise Value of 670486400. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.33 while its Price-to-Book (P/B) ratio in mrq is 0.69. Its current Enterprise Value per Revenue stands at 2.39 whereas that against EBITDA is -11.754.
Stock Price History:
Over the past 52 weeks, CGC has reached a high of $14.92, while it has fallen to a 52-week low of $2.70. The 50-Day Moving Average of the stock is -29.71%, while the 200-Day Moving Average is calculated to be -55.15%.
Shares Statistics:
According to the various share statistics, CGC traded on average about 5.91M shares per day over the past 3-months and 5397070 shares per day over the past 10 days. A total of 98.67M shares are outstanding, with a floating share count of 97.94M. Insiders hold about 0.74% of the company’s shares, while institutions hold 9.52% stake in the company. Shares short for CGC as of 1734048000 were 9758334 with a Short Ratio of 1.56, compared to 1731628800 on 10089652. Therefore, it implies a Short% of Shares Outstanding of 9758334 and a Short% of Float of 10.27.
