The stock has a 36-month beta value of 1.37. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for CGC is 73.89M, and at present, short sellers hold a 15.56% of that float. On April 15, 2024, the average trading volume of CGC was 10.72M shares.
CGC) stock’s latest price update
The stock of Canopy Growth Corporation (NASDAQ: CGC) has decreased by -4.29 when compared to last closing price of 8.15. Despite this, the company has experienced a -23.38% fall in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-12 that Despite a volatile week for cannabis specialist Canopy Growth (NASDAQ: CGC ), CGC stock has enjoyed a tremendous performance over the past month, gaining about 163%. Currently, shareholders are voting on two proposals related to the creation of a U.S.-based entity called Canopy USA.
CGC’s Market Performance
CGC’s stock has fallen by -23.38% in the past week, with a monthly rise of 163.51% and a quarterly rise of 76.47%. The volatility ratio for the week is 13.80% while the volatility levels for the last 30 days are 23.22% for Canopy Growth Corporation The simple moving average for the past 20 days is 7.53% for CGC’s stock, with a 38.74% simple moving average for the past 200 days.
Analysts’ Opinion of CGC
Bernstein, on the other hand, stated in their research note that they expect to see CGC reach a price target of $1.50. The rating they have provided for CGC stocks is “Underperform” according to the report published on November 02nd, 2022.
CGC Trading at 53.89% 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 -59.38% of loss for the given period.
Volatility was left at 23.22%, however, over the last 30 days, the volatility rate increased by 13.80%, as shares surge +181.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +67.02% upper at present.
During the last 5 trading sessions, CGC fell by -23.38%, which changed the moving average for the period of 200-days by +64.56% in comparison to the 20-day moving average, which settled at $7.51. In addition, Canopy Growth Corporation saw 52.64% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CGC starting from Lazzarato David Angelo, who sale 3,713 shares at the price of $6.68 back on Dec 29 ’23. After this action, Lazzarato David Angelo now owns 17,042 shares of Canopy Growth Corporation, valued at $24,803 using the latest closing price.
Yanofsky Theresa, the Director of Canopy Growth Corporation, sale 3,697 shares at $6.68 during a trade that took place back on Dec 29 ’23, which means that Yanofsky Theresa is holding 17,501 shares at $24,696 based on the most recent closing price.
Stock Fundamentals for CGC
Current profitability levels for the company are sitting at:
- 0.13 for the present operating margin
- -0.09 for the gross margin
The net margin for Canopy Growth Corporation stands at -3.4. The total capital return value is set at 0.04. Equity return is now at value -113.86, with -51.17 for asset returns.
Based on Canopy Growth Corporation (CGC), the company’s capital structure generated 0.56 points at debt to capital in total, while cash flow to debt ratio is standing at -0.58. The debt to equity ratio resting at 1.27. The interest coverage ratio of the stock is 0.39.
Currently, EBITDA for the company is 1.75 billion with net debt to EBITDA at 3.52. When we switch over and look at the enterprise to sales, we see a ratio of 3.53. The receivables turnover for the company is 5.58for trailing twelve months and the total asset turnover is 0.26. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.79.
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.
