On Monday, Canopy Growth Corporation (NASDAQ: CGC) was -4.72% drop from the session before settling in for the closing price of $4.24. A 52-week range for CGC has been $2.76 – $14.92.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
During the last 5-year period, the sales growth of Healthcare Sector giant was 11.89%. When this article was written, the company’s average yearly earnings per share was at 60.17%. With a float of $84.10 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. In terms of profitability, gross margin is 26.94%, operating margin of -57.66%, and the pretax margin is -205.61%.
Canopy Growth Corporation (CGC) Insider Activity
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Canopy Growth Corporation stocks. The insider ownership of Canopy Growth Corporation is 0.89%, while institutional ownership is 11.49%. 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) Earnings and Forecasts
Going through the last 3-months fiscal report unveiled on the 9/30/2024, it has been observed that the corporation posted -1.92 earnings per share (EPS) during the time that was less than consensus figure (set at -0.36) by -1.56. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.38 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 60.17% 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
You can see what Canopy Growth Corporation (CGC) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.07. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 2.82.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -4.94, a number that is poised to hit -0.36 in the next quarter and is forecasted to reach -0.85 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 8.59 million, which is a jump from its year-to-date volume of 7.73 million. As of the previous 9 days, the stock’s Stochastic %D was 14.43%. Additionally, its Average True Range was 0.48.
During the past 100 days, Canopy Growth Corporation’s (CGC) raw stochastic average was set at 3.96%, which indicates a significant decrease from 9.74% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 134.62% in the past 14 days, which was higher than the 84.87% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.64, while its 200-day Moving Average is $6.23. However, in the short run, Canopy Growth Corporation’s stock first resistance to watch stands at $4.24. Second resistance stands at $4.43. The third major resistance level sits at $4.63. If the price goes on to break the first support level at $3.85, it is likely to go to the next support level at $3.65. Should the price break the second support level, the third support level stands at $3.46.
Canopy Growth Corporation (NASDAQ: CGC) Key Stats
There are 93,864K outstanding shares of the company, which has a market capitalization of 582.11 million. As of now, sales total 220,270 K while income totals -487,230 K. Its latest quarter income was 48,380 K while its last quarter net income were -92,900 K.
