On Monday, Canopy Growth Corporation (NASDAQ: CGC) was 1.61% up from the session before settling in for the closing price of $3.73. A 52-week range for CGC has been $2.76 – $14.92.
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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 23.65%, operating margin of -60.25%, and the pretax margin is -214.86%.
Canopy Growth Corporation (CGC) Breakdown of a Key Holders of the stock
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 11.22%. 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) Recent Fiscal highlights
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 3.38.
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 -0.68 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 7.77 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 7.86%. Additionally, its Average True Range was 0.43.
During the past 100 days, Canopy Growth Corporation’s (CGC) raw stochastic average was set at 3.19%, which indicates a significant decrease from 7.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 125.09% in the past 14 days, which was higher than the 84.19% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.54, while its 200-day Moving Average is $6.21. However, in the short run, Canopy Growth Corporation’s stock first resistance to watch stands at $3.89. Second resistance stands at $3.99. The third major resistance level sits at $4.11. If the price goes on to break the first support level at $3.68, it is likely to go to the next support level at $3.56. Now, if the price goes above the second support level, the third support stands at $3.46.
Canopy Growth Corporation (NASDAQ: CGC) Key Stats
There are 105,360K outstanding shares of the company, which has a market capitalization of 696.26 million. As of now, sales total 220,270 K while income totals -487,230 K. Its latest quarter income was 54,220 K while its last quarter net income were -94,050 K.
