Canopy Growth Corporation (NASDAQ: CGC) kicked off on Friday, up 1.28% from the previous trading day, before settling in for the closing price of $7.83. Over the past 52 weeks, CGC has traded in a range of $2.76-$19.20.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 21.23%. While this was happening, its average annual earnings per share was recorded 90.96%. With a float of $73.89 million, this company’s outstanding shares have now reached $91.11 million.
Let’s determine the extent of company efficiency that accounts for 1621 employees.
Canopy Growth Corporation (CGC) Breakdown of a Key Holders of the stock
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) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of 6.77 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 90.96% 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 2.95.
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)
Looking closely at Canopy Growth Corporation (NASDAQ: CGC), its last 5-days average volume was 10.02 million, which is a jump from its year-to-date volume of 9.84 million. As of the previous 9 days, the stock’s Stochastic %D was 30.96%. Additionally, its Average True Range was 1.19.
During the past 100 days, Canopy Growth Corporation’s (CGC) raw stochastic average was set at 58.71%, which indicates a significant increase from 33.58% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 174.58% in the past 14 days, which was higher than the 158.18% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.39, while its 200-day Moving Average is $5.70. However, in the short run, Canopy Growth Corporation’s stock first resistance to watch stands at $8.36. Second resistance stands at $8.78. The third major resistance level sits at $9.24. If the price goes on to break the first support level at $7.48, it is likely to go to the next support level at $7.02. Now, if the price goes above the second support level, the third support stands at $6.60.
Canopy Growth Corporation (NASDAQ: CGC) Key Stats
The company with the Market Capitalisation of 722.50 million has total of 91,116K 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.
