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 $2.23 up 2.29% from its previous closing price of $2.18. In other words, the price has increased by $2.29 from its previous closing price. On the day, 3.47 million shares were traded. CGC stock price reached its highest trading level at $2.245 during the session, while it also had its lowest trading level at $2.18.
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 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 329634144 and an Enterprise Value of 612538304. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.07 while its Price-to-Book (P/B) ratio in mrq is 0.55. Its current Enterprise Value per Revenue stands at 2.184 whereas that against EBITDA is -10.738.
Stock Price History:
The Beta on a monthly basis for CGC is 0.88, which has changed by -0.5420168 over the last 52 weeks, in comparison to a change of 0.23171377 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 $2.15. The 50-Day Moving Average of the stock is -31.95%, while the 200-Day Moving Average is calculated to be -62.42%.
Shares Statistics:
For the past three months, CGC has traded an average of 6.29M shares per day and 5752740 over the past ten days. A total of 98.67M shares are outstanding, with a floating share count of 97.93M. Insiders hold about 0.76% of the company’s shares, while institutions hold 10.02% stake in the company. Shares short for CGC as of 1735603200 were 8163868 with a Short Ratio of 1.30, compared to 1732838400 on 9193134. Therefore, it implies a Short% of Shares Outstanding of 8163868 and a Short% of Float of 8.59.
Earnings Estimates
Investors are keenly observing as 2.0 analysts analyze and rate the current performance of Canopy Growth Corporation (CGC) in the stock market.The consensus estimate for the next quarter is -$0.23, with high estimates of -$0.23 and low estimates of -$0.23.
Analysts are recommending an EPS of between -$3.38 and -$3.38 for the fiscal current year, implying an average EPS of -$3.38. EPS for the following year is -$0.76, with 2.0 analysts recommending between -$0.47 and -$1.06.
Revenue Estimates
A total of 7 analysts believe the company’s revenue will be $69.44M this quarter.It ranges from a high estimate of $75.59M to a low estimate of $62.6M. As of the current estimate, Canopy Growth Corporation’s year-ago sales were $90.06MFor the next quarter, 7 analysts are estimating revenue of $74.25M. There is a high estimate of $83.15M for the next quarter, whereas the lowest estimate is $70.8M.
A total of 9 analysts have provided revenue estimates for CGC’s current fiscal year. The highest revenue estimate was $287.94M, while the lowest revenue estimate was $263.9M, resulting in an average revenue estimate of $273.46M. In the same quarter a year ago, actual revenue was $343.93MBased on 6 analysts’ estimates, the company’s revenue will be $298.15M in the next fiscal year. The high estimate is $310.36M and the low estimate is $291M.
