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The closing price of Canopy Growth Corporation (NASDAQ: CGC) was $3.73 for the day, down -0.27% from the previous closing price of $3.74. In other words, the price has decreased by -$0.27 from its previous closing price. On the day, 4.11 million shares were traded. CGC stock price reached its highest trading level at $3.8 during the session, while it also had its lowest trading level at $3.63.
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 1.07 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:
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 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 488585248 and an Enterprise Value of 770578624. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.32 while its Price-to-Book (P/B) ratio in mrq is 0.93. Its current Enterprise Value per Revenue stands at 2.747 whereas that against EBITDA is -13.508.
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 $2.76. The 50-Day Moving Average of the stock is -18.28%, while the 200-Day Moving Average is calculated to be -39.97%.
Shares Statistics:
CGC traded an average of 4.93M shares per day over the past three months and 9027260 shares per day over the past ten days. A total of 91.12M shares are outstanding, with a floating share count of 84.10M. Insiders hold about 0.89% of the company’s shares, while institutions hold 11.22% stake in the company. Shares short for CGC as of 1730332800 were 8217525 with a Short Ratio of 1.87, compared to 1727654400 on 7964434. Therefore, it implies a Short% of Shares Outstanding of 8217525 and a Short% of Float of 12.36.
