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The price of Canopy Growth Corporation (NASDAQ: CGC) closed at $4.79 in the last session, up 1.48% from day before closing price of $4.72. In other words, the price has increased by $1.48 from its previous closing price. On the day, 1.72 million shares were traded. CGC stock price reached its highest trading level at $4.86 during the session, while it also had its lowest trading level at $4.71.
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 1.64 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:
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 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 532777312 and an Enterprise Value of 833070336. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.92 while its Price-to-Book (P/B) ratio in mrq is 1.00. Its current Enterprise Value per Revenue stands at 2.902 whereas that against EBITDA is -14.037.
Stock Price History:
Over the past 52 weeks, CGC has reached a high of $15.68, while it has fallen to a 52-week low of $2.76. The 50-Day Moving Average of the stock is -24.85%, while the 200-Day Moving Average is calculated to be -25.00%.
Shares Statistics:
According to the various share statistics, CGC traded on average about 3.28M shares per day over the past 3-months and 2919470 shares per day over the past 10 days. A total of 91.12M shares are outstanding, with a floating share count of 84.14M. Insiders hold about 0.84% of the company’s shares, while institutions hold 8.39% stake in the company. Shares short for CGC as of 1724976000 were 7729923 with a Short Ratio of 2.36, compared to 1722384000 on 8502404. Therefore, it implies a Short% of Shares Outstanding of 7729923 and a Short% of Float of 13.450000000000001.
