Canopy Growth Corporation (NASDAQ:CGC) went up by 3.78% from its latest closing price compared to the recent 1-year high of $56.50. The company’s stock price has collected -2.41% of loss in the last five trading sessions. MarketWatch.com reported on 01/06/22 that Tilray expected to grow sales sequentially but remain in the red
Is It Worth Investing in Canopy Growth Corporation (NASDAQ :CGC) Right Now?
Opinions of the stock are interesting as 2 analysts out of 21 who provided ratings for Canopy Growth Corporation declared the stock was a “buy,” while 0 rated the stock as “overweight,” 12 rated it as “hold,” and 6 as “sell.”
The average price from analysts is $11.20, which is $4.12 above the current price. CGC currently public float of 251.31M and currently shorts hold a 17.74% ratio of that float. Today, the average trading volume of CGC was 7.38M shares.
CGC’s Market Performance
CGC stocks went down by -2.41% for the week, with a monthly drop of -22.12% and a quarterly performance of -35.55%, while its annual performance rate touched -71.76%. The volatility ratio for the week stands at 8.06% while the volatility levels for the past 30 days are set at 7.17% for Canopy Growth Corporation. The simple moving average for the period of the last 20 days is -7.07% for CGC stocks with a simple moving average of -54.12% for the last 200 days.
Analysts’ Opinion of CGC
Piper Sandler, on the other hand, stated in their research note that they expect to see CGC reach a price target of $7, previously predicting the price at $11. The rating they have provided for CGC stocks is “Underweight” according to the report published on December 20th, 2021.
Wells Fargo gave a rating of “Underweight” to CGC, setting the target price at $8 in the report published on December 07th of the previous year.
CGC Trading at -22.98% 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 -84.92% of loss for the given period.
Volatility was left at 7.17%, however, over the last 30 days, the volatility rate increased by 8.06%, as shares sank -16.47% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -33.33% lower at present.
During the last 5 trading sessions, CGC fell by -2.41%, which changed the moving average for the period of 200-days by -73.83% in comparison to the 20-day moving average, which settled at $9.08. In addition, Canopy Growth Corporation saw -2.41% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CGC
Current profitability levels for the company are sitting at:
- -102.46 for the present operating margin
- +3.23 for the gross margin
The net margin for Canopy Growth Corporation stands at -319.20. The total capital return value is set at -10.05, while invested capital returns managed to touch -32.91.
Based on Canopy Growth Corporation (CGC), the company’s capital structure generated 49.38 points at debt to equity in total, while total debt to capital is 33.05. Total debt to assets is 24.89, with long-term debt to equity ratio resting at 47.89. Finally, the long-term debt to capital ratio is 32.06.
When we switch over and look at the enterprise to sales, we see a ratio of 6.42, with the company’s debt to enterprise value settled at 0.12. The receivables turnover for the company is 5.99 and the total asset turnover is 0.08. The liquidity ratio also appears to be rather interesting for investors as it stands at 9.98.