On Monday, Canopy Growth Corporation (NASDAQ: CGC) was 6.41% up from the session before settling in for the closing price of $3.90. 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 $100.67 million, this company’s outstanding shares have now reached $101.58 million.
Let’s determine the extent of company efficiency that accounts for 1029 employees. In terms of profitability, gross margin is 29.01%, operating margin of -57.53%, and the pretax margin is -207.39%.
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 9.34%. 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 -2.19 earnings per share (EPS) during the time that was less than consensus figure (set at -0.47) by -1.72. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.33 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 3.65.
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 4.12 million, which is a drop from its year-to-date volume of 7.65 million. As of the previous 9 days, the stock’s Stochastic %D was 50.18%. Additionally, its Average True Range was 0.37.
During the past 100 days, Canopy Growth Corporation’s (CGC) raw stochastic average was set at 10.36%, which indicates a significant decrease from 46.64% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 108.89% in the past 14 days, which was higher than the 84.64% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.45, while its 200-day Moving Average is $6.20. However, in the short run, Canopy Growth Corporation’s stock first resistance to watch stands at $4.30. Second resistance stands at $4.44. The third major resistance level sits at $4.64. If the price goes on to break the first support level at $3.96, it is likely to go to the next support level at $3.76. Should the price break the second support level, the third support level stands at $3.62.
Canopy Growth Corporation (NASDAQ: CGC) Key Stats
There are 105,360K outstanding shares of the company, which has a market capitalization of 753.18 million. As of now, sales total 220,270 K while income totals -487,230 K. Its latest quarter income was 46,170 K while its last quarter net income were -94,040 K.
