At the time of writing, Canopy Growth Corporation [CGC] stock is trading at $7.83, up 20.65%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CGC shares have lost -3.93% over the last week, with a monthly amount glided 104.44%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Canopy Growth Corporation [NASDAQ: CGC] stock has seen the most recent analyst activity on April 04, 2023, when Bernstein upgraded its rating to a Mkt Perform. Previously, Bernstein started tracking the stock with Underperform rating on November 02, 2022, and set its price target to $1.50. On October 26, 2022, upgrade upgraded it’s rating to Hold. BMO Capital Markets downgraded its rating to a Underperform. Barclays downgraded its rating to a Underweight. BofA Securities downgraded its rating to Underperform for this stock on December 22, 2021. In a note dated December 20, 2021, Piper Sandler downgraded an Underweight rating on this stock and revised its target price from $11 to $7.
For the past year, the stock price of Canopy Growth Corporation fluctuated between $2.76 and $19.20. Currently, Wall Street analysts expect the stock to reach $14.47 within the next 12 months. Canopy Growth Corporation [NASDAQ: CGC] shares were valued at $7.83 at the most recent close of the market. An investor can expect a potential return of 84.8% based on the average CGC price forecast.
Analyzing the CGC fundamentals
According to Canopy Growth Corporation [NASDAQ:CGC], the company’s sales were 244.98M for trailing twelve months, which represents an -22.69% plunge. Gross Profit Margin for this corporation currently stands at -0.09% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at -3.0%, and Net Profit Margin reading is -3.4%. To continue investigating profitability, this company’s Return on Assets is posted at -0.89, Equity is -1.67 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.27.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 6.76 points at the first support level, and at 5.69 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.55, and for the 2nd resistance point, it is at 9.27.
Ratios To Look Out For
It is important to note that Canopy Growth Corporation [NASDAQ:CGC] has a current ratio of 1.79. As well, the Quick Ratio is 1.40, while the Cash Ratio is 0.64. Considering the valuation of this stock, the price to sales ratio is 2.91, the price to book ratio is 1.57.
Transactions by insiders
Recent insider trading involved Lazzarato David Angelo, Director, that happened on Dec 29 ’23 when 3713.0 shares were sold. Director, Yanofsky Theresa completed a deal on Dec 29 ’23 to sell 3697.0 shares. Meanwhile, Director Lazzarato David Angelo sold 38502.0 shares on Nov 20 ’23.
