Canopy Growth Corporation [NASDAQ: CGC] loss -6.25% or -0.08 points to close at $1.2 with a heavy trading volume of 8445669 shares.
It opened the trading session at $1.275, the shares rose to $1.29 and dropped to $1.18, the range by which the price of stock traded the whole day. The daily chart for CGC points out that the company has recorded -56.20% loss over the past six months.
If we look at the average trading volume of 8.03M shares, CGC reached to a volume of 8445669 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $2.24 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 3.33. 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 Price to Book ratio for the last quarter was 0.65, with the Price to Cash per share for the same quarter was set at 0.53.
Trading performance analysis for CGC stock
Canopy Growth Corporation [CGC] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -1.64. With this latest performance, CGC shares dropped by -7.69% in over the last four-week period, additionally sinking by -56.20% over the last 6 months – not to mention a drop of -56.20% in the past year of trading.
Canopy Growth Corporation [CGC]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Canopy Growth Corporation [CGC] shares currently have an operating margin of -24.88% and a Gross Margin at 20.70%. Canopy Growth Corporation’s Net Margin is presently recorded at -221.36%.
Return on Equity for this stock declined to -54.10%, with Return on Assets sitting at -54.10%.
Canopy Growth Corporation [CGC]: An earnings per share (EPS) analysis
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 63.95%.
An analysis of Institutional ownership at Canopy Growth Corporation [CGC]
There are presently around $8.27%, or 8.35% of CGC stock, in the hands of institutional investors. The top three institutional holders of CGC stocks are: SUSQUEHANNA INTERNATIONAL GROUP, LLP with ownership of 3.56 million shares, which is approximately 4.4929%. TOROSO INVESTMENTS, LLC, holding 2.15 million shares of the stock with an approximate value of $$13.88 million in CGC stocks shares; and TOROSO INVESTMENTS, LLC, currently with $$9.84 million in CGC stock with ownership which is approximately 1.9247%.
