On Tuesday, Canopy Growth Corporation (NASDAQ: CGC) opened lower -7.41% from the last session, before settling in for the closing price of $1.62. Price fluctuations for CGC have ranged from $1.55 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
During the last 5-year period, the sales growth of Healthcare Sector giant was 11.89%. Company’s average yearly earnings per share was noted 48.98% at the time writing. With a float of $142.52 million, this company’s outstanding shares have now reached $143.34 million.
Let’s determine the extent of company efficiency that accounts for 1029 employees. 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) Insider Activity
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 0.57%, while institutional ownership is 6.85%. 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) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.1 per share during the current fiscal year.
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
Check out the current performance indicators for Canopy Growth Corporation (CGC). In the past quarter, the stock posted a quick ratio of 2.58. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.06.
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)
Looking closely at Canopy Growth Corporation (NASDAQ: CGC), its last 5-days average volume was 8.57 million, which is a jump from its year-to-date volume of 8.41 million. As of the previous 9 days, the stock’s Stochastic %D was 9.72%. Additionally, its Average True Range was 0.18.
During the past 100 days, Canopy Growth Corporation’s (CGC) raw stochastic average was set at 0.23%, which indicates a significant decrease from 0.71% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 175.53% in the past 14 days, which was higher than the 98.01% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.3683, while its 200-day Moving Average is $5.0808. However, in the short run, Canopy Growth Corporation’s stock first resistance to watch stands at $1.6100. Second resistance stands at $1.7200. The third major resistance level sits at $1.7800. If the price goes on to break the first support level at $1.4400, it is likely to go to the next support level at $1.3800. Should the price break the second support level, the third support level stands at $1.2700.
Canopy Growth Corporation (NASDAQ: CGC) Key Stats
There are currently 155,414K shares outstanding in the company with a market cap of 215.01 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 53,390 K and its income totaled -87,060 K.
