Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
The price of Canopy Growth Corporation (NASDAQ: CGC) closed at $1.10 in the last session, down -5.17% from day before closing price of $1.16. In other words, the price has decreased by -$5.17 from its previous closing price. On the day, 3.29 million shares were traded. CGC stock price reached its highest trading level at $1.17 during the session, while it also had its lowest trading level at $1.1.
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 2.58 and its Current Ratio is at 3.52. In the meantime, Its Debt-to-Equity ratio is 0.83 whereas as Long-Term Debt/Eq ratio is at 0.79.
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 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 201358288 and an Enterprise Value of 467908096. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.84 while its Price-to-Book (P/B) ratio in mrq is 0.35. Its current Enterprise Value per Revenue stands at 1.691 whereas that against EBITDA is -9.247.
Stock Price History:
The Beta on a monthly basis for CGC is 0.83, which has changed by -0.88481677 over the last 52 weeks, in comparison to a change of 0.10063088 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 $1.05. The 50-Day Moving Average of the stock is -35.10%, while the 200-Day Moving Average is calculated to be -74.29%.
Shares Statistics:
According to the various share statistics, CGC traded on average about 7.91M shares per day over the past 3-months and 6654520 shares per day over the past 10 days. A total of 154.83M shares are outstanding, with a floating share count of 154.03M. Insiders hold about 0.52% of the company’s shares, while institutions hold 6.33% stake in the company. Shares short for CGC as of 1741910400 were 13991754 with a Short Ratio of 1.75, compared to 1739491200 on 14836752. Therefore, it implies a Short% of Shares Outstanding of 13991754 and a Short% of Float of 10.86.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
