Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
As of close of business last night, Canopy Growth Corporation’s stock clocked out at $9.03, up 15.03% from its previous closing price of $7.85. In other words, the price has increased by $15.03 from its previous closing price. On the day, 11.91 million shares were traded. CGC stock price reached its highest trading level at $9.15 during the session, while it also had its lowest trading level at $7.67.
Ratios:
To gain a deeper understanding of CGC’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.40 and its Current Ratio is at 1.79. In the meantime, Its Debt-to-Equity ratio is 1.27 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:
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 822764800 and an Enterprise Value of 1220275584. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.36 while its Price-to-Book (P/B) ratio in mrq is 1.81. Its current Enterprise Value per Revenue stands at 3.369 whereas that against EBITDA is -4.967.
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 65.26%, while the 200-Day Moving Average is calculated to be 57.88%.
Shares Statistics:
It appears that CGC traded 11.35M shares on average per day over the past three months and 9967910 shares per day over the past ten days. A total of 91.11M shares are outstanding, with a floating share count of 73.89M. Insiders hold about 18.90% of the company’s shares, while institutions hold 6.74% stake in the company. Shares short for CGC as of 1711584000 were 11498100 with a Short Ratio of 1.01, compared to 1709164800 on 4601707. Therefore, it implies a Short% of Shares Outstanding of 11498100 and a Short% of Float of 15.609999.
Earnings Estimates
The dynamic stock of Canopy Growth Corporation (CGC) is currently attracting attention from 5.0 analysts actively involved in rating its market status.On average, analysts expect EPS of -$0.32 for the current quarter, with a high estimate of -$0.15 and a low estimate of -$0.58, while EPS last year was -$9.46. The consensus estimate for the next quarter is -$0.24, with high estimates of -$0.13 and low estimates of -$0.4.
Analysts are recommending an EPS of between -$1.46 and -$6.24 for the fiscal current year, implying an average EPS of -$3.97. EPS for the following year is -$0.98, with 8.0 analysts recommending between -$0.44 and -$1.51.
Revenue Estimates
In the current quarter, 9 analysts expect revenue to total $52.69M. It ranges from a high estimate of $62.84M to a low estimate of $50.09M. As of the current estimate, Canopy Growth Corporation’s year-ago sales were $64.64MFor the next quarter, 9 analysts are estimating revenue of $54.42M. There is a high estimate of $56.55M for the next quarter, whereas the lowest estimate is $53.13M.
A total of 10 analysts have provided revenue estimates for CGC’s current fiscal year. The highest revenue estimate was $278.02M, while the lowest revenue estimate was $215.81M, resulting in an average revenue estimate of $237.31M. In the same quarter a year ago, actual revenue was $297.79MBased on 10 analysts’ estimates, the company’s revenue will be $232.96M in the next fiscal year. The high estimate is $360.26M and the low estimate is $211.64M.
