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Canopy Growth Corporation (NASDAQ: CGC) closed the day trading at $6.50 up 0.31% from the previous closing price of $6.48. In other words, the price has increased by $0.31 from its previous closing price. On the day, 2.19 million shares were traded. CGC stock price reached its highest trading level at $6.63 during the session, while it also had its lowest trading level at $6.44.
Ratios:
For a better understanding of CGC, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.25 and its Current Ratio is at 1.58. In the meantime, Its Debt-to-Equity ratio is 1.34 whereas as Long-Term Debt/Eq ratio is at 1.10.
On November 02, 2022, Bernstein started tracking the stock assigning a Underperform rating and target price of $1.50.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jun 28 ’24 when Lazzarato David Angelo sold 2,986 shares for $6.41 per share. The transaction valued at 19,140 led to the insider holds 31,889 shares of the business.
Mongeau Luc sold 2,012 shares of CGC for $12,897 on Jun 28 ’24. The Director now owns 15,276 shares after completing the transaction at $6.41 per share. On Jun 28 ’24, another insider, Kruh Willy, who serves as the Director of the company, sold 2,012 shares for $6.41 each. As a result, the insider received 12,897 and left with 15,283 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 667491520 and an Enterprise Value of 957596480. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.03 while its Price-to-Book (P/B) ratio in mrq is 1.60. Its current Enterprise Value per Revenue stands at 3.223 whereas that against EBITDA is -12.638.
Stock Price History:
Over the past 52 weeks, CGC has reached a high of $19.20, while it has fallen to a 52-week low of $2.76. The 50-Day Moving Average of the stock is -21.47%, while the 200-Day Moving Average is calculated to be 1.99%.
Shares Statistics:
Over the past 3-months, CGC traded about 9.71M shares per day on average, while over the past 10 days, CGC traded about 2369540 shares per day. A total of 91.12M shares are outstanding, with a floating share count of 49.21M. Insiders hold about 35.42% of the company’s shares, while institutions hold 12.40% stake in the company. Shares short for CGC as of 1719532800 were 8732873 with a Short Ratio of 0.90, compared to 1717113600 on 10603346. Therefore, it implies a Short% of Shares Outstanding of 8732873 and a Short% of Float of 17.53.
