The pursuit of market outperformance leads investors to the practice of hand-picking stocks. Skillful choices can be a catalyst for significant wealth enhancement.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
