Canopy Growth Corporation (NASDAQ: CGC) kicked off on Friday, down -4.29% from the previous trading day, before settling in for the closing price of $8.15. Over the past 52 weeks, CGC has traded in a range of $2.76-$19.20.
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Annual sales at Healthcare sector company grew by 21.23% over the past five years. While this was happening, its average annual earnings per share was recorded 90.94%. With a float of $73.89 million, this company’s outstanding shares have now reached $91.11 million.
Let’s look at the performance matrix of the company that is accounted for 1621 employees.
Canopy Growth Corporation (CGC) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Drug Manufacturers – Specialty & Generic Industry. The insider ownership of Canopy Growth Corporation is 18.90%, while institutional ownership is 6.73%. The most recent insider transaction that took place on Dec 29 ’23, was worth 24,803. In this transaction Director of this company sold 3,713 shares at a rate of $6.68, taking the stock ownership to the 17,042 shares. Before that another transaction happened on Dec 29 ’23, when Company’s Director sold 3,697 for $6.68, making the entire transaction worth $24,696. This insider now owns 17,501 shares in total.
Canopy Growth Corporation (CGC) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 90.94% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 13.28% during the next five years compared to -76.81% drop over the previous five years of trading.
Canopy Growth Corporation (NASDAQ: CGC) Trading Performance Indicators
Take a look at Canopy Growth Corporation’s (CGC) current performance indicators. Last quarter, stock had a quick ratio of 1.40. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.90.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -16.06, a number that is poised to hit -0.33 in the next quarter and is forecasted to reach -0.80 in one year’s time.
Technical Analysis of Canopy Growth Corporation (CGC)
Canopy Growth Corporation (NASDAQ: CGC) saw its 5-day average volume 12.13 million, a positive change from its year-to-date volume of 9.82 million. As of the previous 9 days, the stock’s Stochastic %D was 23.60%. Additionally, its Average True Range was 1.25.
During the past 100 days, Canopy Growth Corporation’s (CGC) raw stochastic average was set at 57.23%, which indicates a significant increase from 35.78% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 230.60% in the past 14 days, which was higher than the 154.74% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.13, while its 200-day Moving Average is $5.64. Nevertheless, the first resistance level for the watch stands at $8.36 in the near term. At $8.92, the stock is likely to face the second major resistance level. The third major resistance level sits at $9.31. If the price goes on to break the first support level at $7.41, it is likely to go to the next support level at $7.02. The third support level lies at $6.46 if the price breaches the second support level.
Canopy Growth Corporation (NASDAQ: CGC) Key Stats
The company with the Market Capitalisation of 710.66 million has total of 91,115K Shares Outstanding. Its annual sales at the moment are 304,800 K in contrast with the sum of -2,480 M annual income. Company’s last quarter sales were recorded 57,650 K and last quarter income was -159,220 K.
