Quarterly Metrics: Quick and Current Ratios for Canopy Growth Corporation (CGC)

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As of close of business last night, Canopy Growth Corporation’s stock clocked out at $7.15, down -8.45% from its previous closing price of $7.81. In other words, the price has decreased by -$8.45 from its previous closing price. On the day, 6.58 million shares were traded. CGC stock price reached its highest trading level at $7.59 during the session, while it also had its lowest trading level at $6.96.


To gain a deeper understanding of CGC’s stock, we examine 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 1.37 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:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Dec 29 ’23 when Lazzarato David Angelo sold 3,713 shares for $6.68 per share. The transaction valued at 24,803 led to the insider holds 17,042 shares of the business.

Yanofsky Theresa sold 3,697 shares of CGC for $24,696 on Dec 29 ’23. The Director now owns 17,501 shares after completing the transaction at $6.68 per share. On Nov 20 ’23, another insider, Lazzarato David Angelo, who serves as the Director of the company, sold 38,502 shares for $0.81 each. As a result, the insider received 31,187 and left with 207,562 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 730401088 and an Enterprise Value of 1045382848. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.23 while its Price-to-Book (P/B) ratio in mrq is 1.76. Its current Enterprise Value per Revenue stands at 3.518 whereas that against EBITDA is -9.542.

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 -21.39%, while the 200-Day Moving Average is calculated to be 9.88%.

Shares Statistics:

It appears that CGC traded 17.01M shares on average per day over the past three months and 6690930 shares per day over the past ten days. A total of 91.12M shares are outstanding, with a floating share count of 54.20M. Insiders hold about 28.87% of the company’s shares, while institutions hold 12.49% stake in the company. Shares short for CGC as of 1715731200 were 10349793 with a Short Ratio of 0.61, compared to 1713139200 on 9005685. Therefore, it implies a Short% of Shares Outstanding of 10349793 and a Short% of Float of 21.260001.

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