Canopy Growth Corporation (NASDAQ: CGC) on Monday, plunged -5.86% from the previous trading day, before settling in for the closing price of $2.22. Within the past 52 weeks, CGC’s price has moved between $2.15 and $14.92.
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Annual sales at Healthcare sector company grew by 11.89% over the past five years. The company achieved an average annual earnings per share of 59.90%. With a float of $97.93 million, this company’s outstanding shares have now reached $98.67 million.
Let’s look at the performance matrix of the company that is accounted 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 Updates
Observing investor behavior towards Drug Manufacturers – Specialty & Generic industry stocks is more important than anything else. The insider ownership of Canopy Growth Corporation is 0.76%, while institutional ownership is 8.66%. The most recent insider transaction that took place on Dec 31 ’24, was worth 5,351. In this transaction Director of this company sold 2,004 shares at a rate of $2.67, taking the stock ownership to the 11,284 shares. Before that another transaction happened on Dec 31 ’24, when Company’s Director sold 1,996 for $2.67, making the entire transaction worth $5,329. This insider now owns 22,203 shares in total.
Canopy Growth Corporation (CGC) Performance Highlights and Predictions
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.23 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 59.90% per share during the next fiscal year.
Canopy Growth Corporation (NASDAQ: CGC) Trading Performance Indicators
Canopy Growth Corporation (CGC) is currently performing well based on its current performance indicators. A quick ratio of 1.07 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.00.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -4.94, a number that is poised to hit -0.37 in the next quarter and is forecasted to reach -0.63 in one year’s time.
Technical Analysis of Canopy Growth Corporation (CGC)
Canopy Growth Corporation (NASDAQ: CGC) saw its 5-day average volume 4.91 million, a negative change from its year-to-date volume of 5.75 million. As of the previous 9 days, the stock’s Stochastic %D was 19.34%. Additionally, its Average True Range was 0.16.
During the past 100 days, Canopy Growth Corporation’s (CGC) raw stochastic average was set at 2.62%, which indicates a significant decrease from 9.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 52.06% in the past 14 days, which was lower than the 74.30% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.11, while its 200-day Moving Average is $5.78. Nevertheless, the first resistance level for the watch stands at $2.20 in the near term. At $2.32, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.42. If the price goes on to break the first support level at $1.98, it is likely to go to the next support level at $1.88. Assuming the price breaks the second support level, the third support level stands at $1.76.
Canopy Growth Corporation (NASDAQ: CGC) Key Stats
Market capitalization of the company is 206.22 million based on 117,909K outstanding shares. Right now, sales total 220,270 K and income totals -487,230 K. The company made 46,170 K in profit during its latest quarter, and -94,040 K in sales during its previous quarter.
