The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
The price of Canopy Growth Corporation (NASDAQ: CGC) closed at $2.11 in the last session, up 0.96% from day before closing price of $2.09. In other words, the price has increased by $0.96 from its previous closing price. On the day, 3.78 million shares were traded. CGC stock price reached its highest trading level at $2.13 during the session, while it also had its lowest trading level at $2.03.
Ratios:
We take a closer look at CGC’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 311699712 and an Enterprise Value of 599895104. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.01 while its Price-to-Book (P/B) ratio in mrq is 0.52. Its current Enterprise Value per Revenue stands at 2.139 whereas that against EBITDA is -10.516.
Stock Price History:
The Beta on a monthly basis for CGC is 0.87, which has changed by -0.5524625 over the last 52 weeks, in comparison to a change of 0.25219524 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 $1.99. The 50-Day Moving Average of the stock is -31.27%, while the 200-Day Moving Average is calculated to be -63.28%.
Shares Statistics:
According to the various share statistics, CGC traded on average about 5.85M shares per day over the past 3-months and 5120850 shares per day over the past 10 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 8.64% stake in the company. Shares short for CGC as of 1736899200 were 9306558 with a Short Ratio of 1.40, compared to 1734048000 on 9758334. Therefore, it implies a Short% of Shares Outstanding of 9306558 and a Short% of Float of 9.790000000000001.
