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The closing price of Canopy Growth Corporation (NASDAQ: CGC) was $2.92 for the day, down -0.68% from the previous closing price of $2.94. In other words, the price has decreased by -$0.68 from its previous closing price. On the day, 6.5 million shares were traded. CGC stock price reached its highest trading level at $3.07 during the session, while it also had its lowest trading level at $2.91.
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 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 438560640 and an Enterprise Value of 685236864. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.40 while its Price-to-Book (P/B) ratio in mrq is 0.73. Its current Enterprise Value per Revenue stands at 2.443 whereas that against EBITDA is -12.012.
Stock Price History:
The Beta on a monthly basis for CGC is 0.89, which has changed by -0.3608696 over the last 52 weeks, in comparison to a change of 0.24933672 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 $2.65. The 50-Day Moving Average of the stock is -22.69%, while the 200-Day Moving Average is calculated to be -52.75%.
Shares Statistics:
CGC traded an average of 5.88M shares per day over the past three months and 6169990 shares per day over the past ten days. A total of 98.67M shares are outstanding, with a floating share count of 97.94M. Insiders hold about 0.74% of the company’s shares, while institutions hold 9.54% stake in the company. Shares short for CGC as of 1734048000 were 9758334 with a Short Ratio of 1.57, compared to 1731628800 on 10089652. Therefore, it implies a Short% of Shares Outstanding of 9758334 and a Short% of Float of 10.27.
