For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
In the latest session, Canopy Growth Corporation (NASDAQ: CGC) closed at $3.87 down -0.77% from its previous closing price of $3.90. In other words, the price has decreased by -$0.77 from its previous closing price. On the day, 1.88 million shares were traded. CGC stock price reached its highest trading level at $3.96 during the session, while it also had its lowest trading level at $3.82.
Ratios:
For a deeper understanding of Canopy Growth Corporation’s stock, let’s take a closer look at its various ratios. 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 515124064 and an Enterprise Value of 785329088. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.91 while its Price-to-Book (P/B) ratio in mrq is 0.96. Its current Enterprise Value per Revenue stands at 2.8 whereas that against EBITDA is -13.767.
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 -12.07%, while the 200-Day Moving Average is calculated to be -37.63%.
Shares Statistics:
For the past three months, CGC has traded an average of 5.17M shares per day and 3871780 over the past ten days. A total of 101.58M shares are outstanding, with a floating share count of 100.67M. Insiders hold about 0.89% of the company’s shares, while institutions hold 9.34% stake in the company. Shares short for CGC as of 1731628800 were 10089652 with a Short Ratio of 1.79, compared to 1728950400 on 9229011. Therefore, it implies a Short% of Shares Outstanding of 10089652 and a Short% of Float of 12.94.
