Canopy Growth Corporation [NASDAQ: CGC] price plunged by -12.07 percent to reach at -$0.67. The company report on May 27, 2022 that Canopy Growth Corporation Reports Fourth Quarter and Fiscal year 2022 Financial Results.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free.
Company Advances Premium Brand Driven Strategy, Laying a Foundation for Long-Term Sustainable Growth and Profitability .
Canopy Growth Corporation (“Canopy Growth” or the “Company”) (TSX: WEED) (NASDAQ: CGC) today announces its financial results for the fourth quarter and fiscal year ended March 31, 2022. All financial information in this press release is reported in Canadian dollars, unless otherwise indicated.
A sum of 16586553 shares traded at recent session while its average daily volume was at 7.22M shares. Canopy Growth Corporation shares reached a high of $5.18 and dropped to a low of $4.60 until finishing in the latest session at $4.88.
The average equity rating for CGC stock is currently 4.10, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on Canopy Growth Corporation [CGC]:
Barclays have made an estimate for Canopy Growth Corporation shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on March 22, 2022. The new note on the price target was released on December 22, 2021, representing the official price target for Canopy Growth Corporation stock. Previously, the target price had yet another drop from $11 to $7, while Piper Sandler kept a Underweight rating on CGC stock.
The Average True Range (ATR) for Canopy Growth Corporation is set at 0.51, with the Price to Sales ratio for CGC stock in the period of the last 12 months amounting to 3.45. The Price to Book ratio for the last quarter was 0.45.
CGC Stock Performance Analysis:
Canopy Growth Corporation [CGC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -11.59. With this latest performance, CGC shares dropped by -10.46% in over the last four-week period, additionally sinking by -58.25% over the last 6 months – not to mention a drop of -81.30% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CGC stock in for the last two-week period is set at 41.18, with the RSI for the last a single of trading hit 40.18, and the three-weeks RSI is set at 41.81 for Canopy Growth Corporation [CGC]. The present Moving Average for the last 50 days of trading for this stock 6.31, while it was recorded at 5.08 for the last single week of trading, and 10.06 for the last 200 days.
Insight into Canopy Growth Corporation Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Canopy Growth Corporation [CGC] shares currently have an operating margin of -102.46 and a Gross Margin at +3.23. Canopy Growth Corporation’s Net Margin is presently recorded at -319.20.
Return on Total Capital for CGC is now -10.05, given the latest momentum, and Return on Invested Capital for the company is -32.91. Return on Equity for this stock declined to -41.70, with Return on Assets sitting at -25.36. When it comes to the capital structure of this company, Canopy Growth Corporation [CGC] has a Total Debt to Total Equity ratio set at 49.38. Additionally, CGC Total Debt to Total Capital is recorded at 33.05, with Total Debt to Total Assets ending up at 24.89. Long-Term Debt to Equity for the company is recorded at 47.89, with the Long-Term Debt to Total Capital now at 32.06.
Reflecting on the efficiency of the workforce at the company, Canopy Growth Corporation [CGC] managed to generate an average of -$535,416 per employee. Receivables Turnover for the company is 5.99 with a Total Asset Turnover recorded at a value of 0.08.
CGC Stock EPS
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CGC. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Canopy Growth Corporation go to 33.40%.
Canopy Growth Corporation [CGC] Insider Position Details
There are presently around $292 million, or 18.79% of CGC stock, in the hands of institutional investors. The top three institutional holders of CGC stocks are: VANGUARD GROUP INC with ownership of 7,878,052, which is approximately 3.6% of the company’s market cap and around 36.20% of the total institutional ownership; ETF MANAGERS GROUP, LLC, holding 7,325,327 shares of the stock with an approximate value of $35.75 million in CGC stocks shares; and D. E. SHAW & CO., INC., currently with $19.88 million in CGC stock with ownership of nearly 138.355% of the company’s market capitalization.
Positions in Canopy Growth Corporation stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 133 institutional holders increased their position in Canopy Growth Corporation [NASDAQ:CGC] by around 11,702,947 shares. Additionally, 174 investors decreased positions by around 17,681,539 shares, while 147 investors held positions by with 30,376,234 shares. The mentioned changes placed institutional holdings at 59,760,720 shares, according to the latest SEC report filing. CGC stock had 47 new institutional investments in for a total of 1,784,887 shares, while 75 institutional investors sold positions of 3,558,591 shares during the same period.