Canopy Growth Corporation [NASDAQ: CGC] jumped around 0.63 points on Monday, while shares priced at $5.49 at the close of the session, up 12.96%.
Compared to the average trading volume of 4.05M shares, CGC reached a trading volume of 13142175 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus say about Canopy Growth Corporation [CGC]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CGC shares is $5.75 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CGC stock is a recommendation set at 3.45. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Bernstein have made an estimate for Canopy Growth Corporation shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on April 04, 2023. While these analysts kept the previous recommendation, Bernstein raised their target price to Underperform. The new note on the price target was released on November 02, 2022, representing the official price target for Canopy Growth Corporation stock.
The Average True Range (ATR) for Canopy Growth Corporation is set at 0.42, with the Price to Sales ratio for CGC stock in the period of the last 12 months amounting to 4.26. The Price to Book ratio for the last quarter was 1.14, with the Price to Cash per share for the same quarter was set at 0.90.
How has CGC stock performed recently?
Canopy Growth Corporation [CGC] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.67. With this latest performance, CGC shares gained by 24.21% in over the last four-week period, additionally sinking by -43.52% over the last 6 months – not to mention a drop of -7.26% 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 61.43, with the RSI for the last a single of trading hit 65.00, and the three-weeks RSI is set at 57.43 for Canopy Growth Corporation [CGC]. The present Moving Average for the last 50 days of trading for this stock 4.73, while it was recorded at 5.03 for the last single week of trading, and 6.23 for the last 200 days.
Canopy Growth Corporation [CGC]: Deeper insight into the fundamentals
Canopy Growth Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.64 and a Current Ratio set at 2.15.
Earnings analysis for Canopy Growth Corporation [CGC]
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 35.49%.
Insider trade positions for Canopy Growth Corporation [CGC]
There are presently around $9.04%, or 9.06%% of CGC stock, in the hands of institutional investors. The top three institutional holders of CGC stocks are: STRATEGIC INVESTMENT SOLUTIONS, INC. /IL with ownership of 725.0 shares, which is approximately 0.0008%. TURIM 21 INVESTIMENTOS LTDA., holding 230.0 shares of the stock with an approximate value of $$1484.0 in CGC stocks shares; and TURIM 21 INVESTIMENTOS LTDA., currently with $$645.0 in CGC stock with ownership which is approximately 0.0001%.
