On Monday, Canopy Growth Corporation (NASDAQ: CGC) opened lower -0.74% from the last session, before settling in for the closing price of $5.44. Price fluctuations for CGC have ranged from $2.76 to $14.92 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Healthcare sector saw sales topped by 11.89%. 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.
The extent of productivity of a business whose workforce counts for 1029 workers is very important to gauge. 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 and Institutional Ownership
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 9.52%. 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) Latest Financial update
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 -0.24 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 2.16.
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)
The latest stats from [Canopy Growth Corporation, CGC] show that its last 5-days average volume of 11.61 million was superior to 7.73 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 80.21%. Additionally, its Average True Range was 0.35.
During the past 100 days, Canopy Growth Corporation’s (CGC) raw stochastic average was set at 32.29%, which indicates a significant decrease from 86.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 71.68% in the past 14 days, which was lower than the 72.23% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.86, while its 200-day Moving Average is $6.22. Now, the first resistance to watch is $5.61. This is followed by the second major resistance level at $5.82. The third major resistance level sits at $6.00. If the price goes on to break the first support level at $5.22, it is likely to go to the next support level at $5.04. The third support level lies at $4.83 if the price breaches the second support level.
Canopy Growth Corporation (NASDAQ: CGC) Key Stats
There are currently 76,198K shares outstanding in the company with a market cap of 458.24 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.
