On Friday, Canopy Growth Corporation (NASDAQ: CGC) opened higher 1.96% from the last session, before settling in for the closing price of $7.16. Price fluctuations for CGC have ranged from $2.76 to $19.20 over the past 52 weeks.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 11.89%. Company’s average yearly earnings per share was noted 83.02% at the time writing. With a float of $75.47 million, this company’s outstanding shares have now reached $91.12 million.
Let’s determine the extent of company efficiency that accounts for 1029 employees.
Canopy Growth Corporation (CGC) Insider Activity
A key investor’s attitude towards the stock of the Drug Manufacturers – Specialty & Generic industry is another important factor to consider. The insider ownership of Canopy Growth Corporation is 0.95%, while institutional ownership is 12.33%. The most recent insider transaction that took place on Jun 28 ’24, was worth 19,140. In this transaction Director of this company sold 2,986 shares at a rate of $6.41, taking the stock ownership to the 31,889 shares. Before that another transaction happened on Jun 28 ’24, when Company’s Director sold 2,012 for $6.41, making the entire transaction worth $12,897. This insider now owns 15,276 shares in total.
Canopy Growth Corporation (CGC) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 83.02% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 34.66% during the next five years compared to 20.88% growth over the previous five years of trading.
Canopy Growth Corporation (NASDAQ: CGC) Trading Performance Indicators
Check out the current performance indicators for Canopy Growth Corporation (CGC). In the past quarter, the stock posted a quick ratio of 1.25. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.28.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -6.43, a number that is poised to hit -0.33 in the next quarter and is forecasted to reach -0.62 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 5.38 million, which is a drop from its year-to-date volume of 9.44 million. As of the previous 9 days, the stock’s Stochastic %D was 35.60%. Additionally, its Average True Range was 0.59.
During the past 100 days, Canopy Growth Corporation’s (CGC) raw stochastic average was set at 37.36%, which indicates a significant decrease from 47.67% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 94.19% in the past 14 days, which was lower than the 178.97% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $7.64, while its 200-day Moving Average is $6.35. However, in the short run, Canopy Growth Corporation’s stock first resistance to watch stands at $7.43. Second resistance stands at $7.55. The third major resistance level sits at $7.68. If the price goes on to break the first support level at $7.18, it is likely to go to the next support level at $7.05. Should the price break the second support level, the third support level stands at $6.93.
Canopy Growth Corporation (NASDAQ: CGC) Key Stats
There are currently 76,198K shares outstanding in the company with a market cap of 556.26 million. Presently, the company’s annual sales total 220,270 K according to its annual income of -487,230 K. Last quarter, the company’s sales amounted to 29,880 K and its income totaled -68,610 K.
