and a 36-month beta value of 1.74. Opinions on the stock are mixed, with 1 analysts rating it as a “buy,” 0 as “overweight,” 8 as “hold,” and 5 as “sell.”
The average price predicted for Canopy Growth Corporation (CGC) by analysts is $0.77, which is $0.01 above the current market price. The public float for CGC is 548.91M, and at present, short sellers hold a 7.16% of that float. On September 15, 2023, the average trading volume of CGC was 48.06M shares.
Top 5 EV Tech Stocks to Buy for 2023
The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".
Click Here to Download the FREE Report.
Sponsored
CGC) stock’s latest price update
Canopy Growth Corporation (NASDAQ: CGC)’s stock price has plunge by 14.54relation to previous closing price of 1.25. Nevertheless, the company has seen a 53.66% surge in its stock price over the last five trading sessions. Market Watch reported 2023-09-15 that Canopy Growth Corp.’s stock was rallying by about 12% on Friday to finish out an eventful week for the cannabis company, amid overall optimism in the sector.
CGC’s Market Performance
Canopy Growth Corporation (CGC) has seen a 53.66% rise in stock performance for the week, with a 272.96% gain in the past month and a 121.20% surge in the past quarter. The volatility ratio for the week is 44.06%, and the volatility levels for the past 30 days are at 21.88% for CGC. The simple moving average for the past 20 days is 106.40% for CGC’s stock, with a -7.85% simple moving average for the past 200 days.
CGC Trading at 163.93% 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 -69.98% of loss for the given period.
Volatility was left at 21.88%, however, over the last 30 days, the volatility rate increased by 44.06%, as shares surge +242.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +231.92% upper at present.
During the last 5 trading sessions, CGC rose by +51.32%, which changed the moving average for the period of 200-days by -58.53% in comparison to the 20-day moving average, which settled at $0.7436. In addition, Canopy Growth Corporation saw -38.02% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CGC starting from Lazzarato David Angelo, who sale 38,963 shares at the price of $0.71 back on Sep 01. After this action, Lazzarato David Angelo now owns 246,064 shares of Canopy Growth Corporation, valued at $27,664 using the latest closing price.
Yanofsky Theresa, the Director of Canopy Growth Corporation, sale 38,803 shares at $0.71 during a trade that took place back on Sep 01, which means that Yanofsky Theresa is holding 250,335 shares at $27,550 based on the most recent closing price.
Stock Fundamentals for CGC
Current profitability levels for the company are sitting at:
- -115.50 for the present operating margin
- -12.89 for the gross margin
The net margin for Canopy Growth Corporation stands at -813.63. The total capital return value is set at -12.50, while invested capital returns managed to touch -96.82.
Based on Canopy Growth Corporation (CGC), the company’s capital structure generated 186.73 points at debt to equity in total, while total debt to capital is 65.12. Total debt to assets is 57.60, with long-term debt to equity ratio resting at 109.52. Finally, the long-term debt to capital ratio is 38.20.
The receivables turnover for the company is 4.23 and the total asset turnover is 0.10. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.34.
Conclusion
To sum up, Canopy Growth Corporation (CGC) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
