Additionally, the 36-month beta value for CGC is 1.05. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for CGC is 64.78M and currently, short sellers hold a 13.90% ratio of that float. The average trading volume of CGC on May 07, 2024 was 14.74M shares.
CGC) stock’s latest price update
The stock of Canopy Growth Corporation (NASDAQ: CGC) has decreased by -5.08 when compared to last closing price of 10.24. Despite this, the company has experienced a 16.83% gain in its stock price over the last five trading sessions. InvestorPlace reported 2024-05-04 that Chair of the Federal Reserve, Jerome Powell, has spoken, and Wall Street won’t like it. The Fed has decided to hold off on cutting interest rates, citing discouraging developments in the fight against inflation.
CGC’s Market Performance
Canopy Growth Corporation (CGC) has experienced a 16.83% rise in stock performance for the past week, with a -4.52% drop in the past month, and a 119.41% rise in the past quarter. The volatility ratio for the week is 35.27%, and the volatility levels for the past 30 days are at 19.12% for CGC. The simple moving average for the past 20 days is 8.62% for CGC’s stock, with a 63.11% 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 46.63% 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 -49.38% of loss for the given period.
Volatility was left at 19.12%, however, over the last 30 days, the volatility rate increased by 35.27%, as shares sank -4.05% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +189.29% upper at present.
During the last 5 trading sessions, CGC rose by +16.83%, which changed the moving average for the period of 200-days by +149.23% in comparison to the 20-day moving average, which settled at $8.93. In addition, Canopy Growth Corporation saw 90.22% 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 4.02. 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
In conclusion, Canopy Growth Corporation (CGC) has seen mixed performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it 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.
