On Friday, Canopy Growth Corporation (NASDAQ: CGC) opened lower -0.77% from the last session, before settling in for the closing price of $3.90. Price fluctuations for CGC have ranged from $2.76 to $14.92 over the past 52 weeks.
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
Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 11.89%. Company’s average yearly earnings per share was noted 60.17% at the time writing. With a float of $100.67 million, this company’s outstanding shares have now reached $101.58 million.
Considering the fact that the conglomerate employs 1029 people, you should pay attention to its efficiency factor. 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) Breakdown of a Key Holders of the stock
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 9.34%. 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) 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
Check out the current performance indicators for Canopy Growth Corporation (CGC). In the past 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 1.91.
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)
Compared to the last year’s volume of 7.59 million, its volume of 3.62 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 40.90%. Additionally, its Average True Range was 0.33.
During the past 100 days, Canopy Growth Corporation’s (CGC) raw stochastic average was set at 4.78%, which indicates a significant decrease from 32.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 48.77% in the past 14 days, which was lower than the 84.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.40, while its 200-day Moving Average is $6.20. Nevertheless, the first resistance level for the watch stands at $3.95 in the near term. At $4.02, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.09. If the price goes on to break the first support level at $3.81, it is likely to go to the next support level at $3.74. Now, if the price goes above the second support level, the third support stands at $3.67.
Canopy Growth Corporation (NASDAQ: CGC) Key Stats
There are currently 120,125K shares outstanding in the company with a market cap of 393.11 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 46,170 K and its income totaled -94,040 K.