Canopy Growth Corporation (NASDAQ: CGC) on Tuesday, plunged -9.52% from the previous trading day, before settling in for the closing price of $1.89. Within the past 52 weeks, CGC’s price has moved between $1.75 and $14.92.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Healthcare sector was 11.89%. The company achieved an average annual earnings per share of 48.98%. With a float of $142.52 million, this company’s outstanding shares have now reached $143.34 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 26.8%, operating margin of -43.32%, and the pretax margin is -163.73%.
Canopy Growth Corporation (CGC) Breakdown of a Key Holders of the stock
Observing investor behavior towards Drug Manufacturers – Specialty & Generic industry stocks is more important than anything else. The insider ownership of Canopy Growth Corporation is 0.57%, while institutional ownership is 7.03%. 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) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 48.98% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 58.68% 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
Canopy Growth Corporation (CGC) is currently performing well based on its current performance indicators. A quick ratio of 2.58 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 1.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.81, a number that is poised to hit -0.27 in the next quarter and is forecasted to reach -0.76 in one year’s time.
Technical Analysis of Canopy Growth Corporation (CGC)
Compared to the last year’s volume of 8.39 million, its volume of 7.72 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 12.17%. Additionally, its Average True Range was 0.21.
During the past 100 days, Canopy Growth Corporation’s (CGC) raw stochastic average was set at 0.00%, which indicates a significant increase from 0.00% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 178.08% in the past 14 days, which was higher than the 98.19% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.5667, while its 200-day Moving Average is $5.2968. Nevertheless, the first resistance level for the watch stands at $1.8367 in the near term. At $1.9633, the stock is likely to face the second major resistance level. The third major resistance level sits at $2.0267. If the price goes on to break the first support level at $1.6467, it is likely to go to the next support level at $1.5833. Now, if the price goes above the second support level, the third support stands at $1.4567.
Canopy Growth Corporation (NASDAQ: CGC) Key Stats
Market capitalization of the company is 245.11 million based on 155,414K outstanding shares. Right now, sales total 220,270 K and income totals -487,230 K. The company made 61,640 K in profit during its latest quarter, and -87,130 K in sales during its previous quarter.
