On Monday, Canopy Growth Corporation (NASDAQ: CGC) opened lower -2.25% from the last session, before settling in for the closing price of $4.44. Price fluctuations for CGC have ranged from $2.76 to $14.92 over the past 52 weeks.
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Annual sales at Healthcare sector company grew by 11.89% over the past five years. Company’s average yearly earnings per share was noted 68.73% at the time writing. With a float of $84.10 million, this company’s outstanding shares have now reached $91.12 million.
Let’s look at the performance matrix of the company that is accounted for 1029 employees. In terms of profitability, gross margin is 26.71%, operating margin of -41.05%, and the pretax margin is -200.81%.
Canopy Growth Corporation (CGC) Insider Updates
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 0.89%, while institutional ownership is 9.39%. The most recent insider transaction that took place on Sep 30 ’24, was worth 9,875. In this transaction Director of this company sold 1,995 shares at a rate of $4.95, taking the stock ownership to the 13,288 shares. Before that another transaction happened on Sep 30 ’24, when Company’s Director sold 1,987 for $4.95, making the entire transaction worth $9,836. This insider now owns 24,199 shares in total.
Canopy Growth Corporation (CGC) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -3.18 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -1.24) by -1.94. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.25 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 68.73% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 35.49% 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 1.64. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.74.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -7.08, a number that is poised to hit -0.36 in the next quarter and is forecasted to reach -0.76 in one year’s time.
Technical Analysis of Canopy Growth Corporation (CGC)
Canopy Growth Corporation (NASDAQ: CGC) saw its 5-day average volume 2.86 million, a negative change from its year-to-date volume of 7.63 million. As of the previous 9 days, the stock’s Stochastic %D was 80.33%. Additionally, its Average True Range was 0.25.
During the past 100 days, Canopy Growth Corporation’s (CGC) raw stochastic average was set at 7.92%, which indicates a significant decrease from 57.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 43.39% in the past 14 days, which was lower than the 67.02% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $5.03, while its 200-day Moving Average is $6.21. Nevertheless, the first resistance level for the watch stands at $4.46 in the near term. At $4.59, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.68. If the price goes on to break the first support level at $4.24, it is likely to go to the next support level at $4.15. Assuming the price breaks the second support level, the third support level stands at $4.02.
Canopy Growth Corporation (NASDAQ: CGC) Key Stats
There are currently 76,198K shares outstanding in the company with a market cap of 368.29 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 48,380 K and its income totaled -92,900 K.
