Canopy Growth Corporation (NASDAQ:CGC) went down by -5.12% from its latest closing price compared to the recent 1-year high of $56.50. The company’s stock price has collected -7.12% of loss in the last five trading sessions. Barron’s reported 17 hours ago that U.S. Pot Producers Are Growing Like Weeds. Here’s How to Buy In.
Is It Worth Investing in Canopy Growth Corporation (NASDAQ :CGC) Right Now?
Opinions of the stock are interesting as 2 analysts out of 20 who provided ratings for Canopy Growth Corporation declared the stock was a “buy,” while 1 rated the stock as “overweight,” 13 rated it as “hold,” and 4 as “sell.”
The average price from analysts is $32.14. CGC currently public float of 232.73M and currently shorts hold a 6.36% ratio of that float. Today, the average trading volume of CGC was 5.38M shares.
CGC’s Market Performance
CGC stocks went down by -7.12% for the week, with a monthly drop of -20.24% and a quarterly performance of -36.17%, while its annual performance rate touched 67.56%. The volatility ratio for the week stands at 5.35% while the volatility levels for the past 30 days are set at 5.28% for Canopy Growth Corporation. The simple moving average for the period of the last 20 days is -8.64% for CGC stocks with a simple moving average of 0.00% for the last 200 days.
Analysts’ Opinion of CGC
Many brokerage firms have already submitted their reports for CGC stocks, with BofA Securities repeating the rating for CGC by listing it as a “Buy.” The predicted price for CGC in the upcoming period, according to BofA Securities is $45 based on the research report published on April 28th of the current year 2021.
CGC Trading at -18.21% from the 50-Day Moving Average
After a stumble in the market that brought CGC to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -54.74% of loss for the given period.
Volatility was left at 5.28%, however, over the last 30 days, the volatility rate increased by 5.35%, as shares sank -19.67% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.81% lower at present.
During the last 5 trading sessions, CGC fell by -7.12%, which changed the moving average for the period of 200-days by +41.19% in comparison to the 20-day moving average, which settled at $27.67. In addition, Canopy Growth Corporation saw 3.77% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at CGC starting from Kovacevic Rade Nikola, who sale 4,372 shares at the price of $31.40 back on Nov 13. After this action, Kovacevic Rade Nikola now owns 0 shares of Canopy Growth Corporation, valued at $137,281 using the latest closing price.
Kovacevic Rade Nikola, the President of Canopy Growth Corporation, sale 86,666 shares at $31.38 during a trade that took place back on Nov 13, which means that Kovacevic Rade Nikola is holding 185,293 shares at $2,719,579 based on the most recent closing price.
Stock Fundamentals for CGC
Current profitability levels for the company are sitting at:
- -257.00 for the present operating margin
- -25.93 for the gross margin
The net margin for Canopy Growth Corporation stands at -331.35. The total capital return value is set at -14.65, while invested capital returns managed to touch -19.95.
Based on Canopy Growth Corporation (CGC), the company’s capital structure generated 12.81 points at debt to equity in total, while total debt to capital is 11.35. Total debt to assets is 9.13, with long-term debt to equity ratio resting at 11.65. Finally, the long-term debt to capital ratio is 10.32.
When we switch over and look at the enterprise to sales, we see a ratio of 15.15, with the company’s debt to enterprise value settled at 0.10. The receivables turnover for the company is 4.05 and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 6.10.