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In the latest session, Canopy Growth Corporation (NASDAQ: CGC) closed at $6.34 down -2.31% from its previous closing price of $6.49. In other words, the price has decreased by -$2.31 from its previous closing price. On the day, 1.53 million shares were traded. CGC stock price reached its highest trading level at $6.65 during the session, while it also had its lowest trading level at $6.34.
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 1.25 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:
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 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 650141632 and an Enterprise Value of 945404864. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.98 while its Price-to-Book (P/B) ratio in mrq is 1.56. Its current Enterprise Value per Revenue stands at 3.182 whereas that against EBITDA is -12.477.
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 -25.62%, while the 200-Day Moving Average is calculated to be -1.67%.
Shares Statistics:
For the past three months, CGC has traded an average of 11.25M shares per day and 2765430 over the past ten days. A total of 91.12M shares are outstanding, with a floating share count of 42.18M. Insiders hold about 44.64% of the company’s shares, while institutions hold 12.50% stake in the company. Shares short for CGC as of 1718323200 were 11011438 with a Short Ratio of 0.98, compared to 1715731200 on 10349793. Therefore, it implies a Short% of Shares Outstanding of 11011438 and a Short% of Float of 22.1.