A share price of Canopy Growth Corporation [CGC] is currently trading at $1.03, up 9.57%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The CGC shares have gain 10.69% over the last week, with a monthly amount drifted -6.36%, and not seem to be holding up well over a long-time horizon.
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.
Canopy Growth Corporation experienced fluctuations in its stock price throughout the past year between $0.77 and $14.92. 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 $1.03 at the most recent close of the market. An investor can expect a potential return of 1304.85% based on the average CGC price forecast.
Analyzing the CGC fundamentals
Trailing Twelve Months sales for Canopy Growth Corporation [NASDAQ:CGC] were 202.01M which represents -7.25% decline. Gross Profit Margin for this corporation currently stands at 0.28% with Operating Profit Margin at -0.45%, Pretax Profit Margin comes in at -1.71%, and Net Profit Margin reading is -1.7%. To continue investigating profitability, this company’s Return on Assets is posted at -0.4, Equity is -0.88 and Total Capital is -0.12. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.83.
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 0.9653 points at the first support level, and at 0.9005 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.0674, and for the 2nd resistance point, it is at 1.1047.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Canopy Growth Corporation [NASDAQ:CGC] is 3.52. In addition, the Quick Ratio stands at 2.58 and the Cash Ratio stands at 1.67. Considering the valuation of this stock, the price to sales ratio is 0.79, the price to book ratio is 0.32.
Transactions by insiders
Recent insider trading involved Yanofsky Theresa, Director, that happened on Mar 31 ’25 when 2004.0 shares were sold. Director, Lazzarato David Angelo completed a deal on Mar 31 ’25 to sell 3004.0 shares. Meanwhile, Director Kruh Willy sold 2012.0 shares on Mar 31 ’25.
