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After finishing at $3.98 in the prior trading day, Canopy Growth Corporation (NASDAQ: CGC) closed at $4.04, up 1.51%. In other words, the price has increased by $1.51 from its previous closing price. On the day, 4.45 million shares were traded. CGC stock price reached its highest trading level at $4.1399 during the session, while it also had its lowest trading level at $3.91.
Ratios:
Our goal is to gain a better understanding of CGC by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.64 and its Current Ratio is at 2.15. In the meantime, Its Debt-to-Equity ratio is 1.17 whereas as Long-Term Debt/Eq ratio is at 1.08.
On November 02, 2022, Bernstein started tracking the stock assigning a Underperform rating and target price of $1.50.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 30 ’24 when Kruh Willy sold 1,995 shares for $4.95 per share. The transaction valued at 9,875 led to the insider holds 13,288 shares of the business.
Yanofsky Theresa sold 1,987 shares of CGC for $9,836 on Sep 30 ’24. The Director now owns 24,199 shares after completing the transaction at $4.95 per share. On Sep 30 ’24, another insider, Mongeau Luc, who serves as the Director of the company, sold 1,995 shares for $4.95 each. As a result, the insider received 9,875 and left with 13,281 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 447781472 and an Enterprise Value of 769428352. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.62 while its Price-to-Book (P/B) ratio in mrq is 0.84. Its current Enterprise Value per Revenue stands at 2.68 whereas that against EBITDA is -12.964.
Stock Price History:
Over the past 52 weeks, CGC has reached a high of $14.92, while it has fallen to a 52-week low of $2.76. The 50-Day Moving Average of the stock is -23.63%, while the 200-Day Moving Average is calculated to be -35.18%.
Shares Statistics:
The stock has traded on average 3.67M shares per day over the past 3-months and 5225820 shares per day over the last 10 days, according to various share statistics. A total of 91.12M shares are outstanding, with a floating share count of 84.10M. Insiders hold about 0.89% of the company’s shares, while institutions hold 9.22% stake in the company. Shares short for CGC as of 1727654400 were 7964434 with a Short Ratio of 2.17, compared to 1724976000 on 7729923. Therefore, it implies a Short% of Shares Outstanding of 7964434 and a Short% of Float of 13.850000000000001.
