Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The price of Canopy Growth Corporation (NASDAQ: CGC) closed at $1.97 in the last session, down -1.01% from day before closing price of $1.99. In other words, the price has decreased by -$1.01 from its previous closing price. On the day, 6.21 million shares were traded. CGC stock price reached its highest trading level at $2.02 during the session, while it also had its lowest trading level at $1.85.
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 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 291380704 and an Enterprise Value of 585144640. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.21 while its Price-to-Book (P/B) ratio in mrq is 0.49. Its current Enterprise Value per Revenue stands at 2.086 whereas that against EBITDA is -10.258.
Stock Price History:
The Beta on a monthly basis for CGC is 0.86, which has changed by -0.5673913 over the last 52 weeks, in comparison to a change of 0.21926713 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 $1.96. The 50-Day Moving Average of the stock is -32.72%, while the 200-Day Moving Average is calculated to be -65.06%.
Shares Statistics:
According to the various share statistics, CGC traded on average about 5.79M shares per day over the past 3-months and 5047050 shares per day over the past 10 days. A total of 126.64M shares are outstanding, with a floating share count of 125.68M. Insiders hold about 0.76% of the company’s shares, while institutions hold 6.73% stake in the company. Shares short for CGC as of 1736899200 were 9306558 with a Short Ratio of 1.61, compared to 1734048000 on 9758334. Therefore, it implies a Short% of Shares Outstanding of 9306558 and a Short% of Float of 9.790000000000001.