Canopy Growth Corporation (NASDAQ: CGC) is -68.84% lower on its value in year-to-date trading and has touched a low of $2.13 and a high of $15.96 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CGC stock was last observed hovering at around $2.94 in the last trading session, with the day’s loss setting it -0.22% off its average median price target of $2.50 for the next 12 months. It is also 73.33% off the consensus price target high of $10.20 offered by 16 analysts, but current levels are -75.48% lower than the price target low of $1.55 for the same period.
Currently trading at $2.72, the stock is -23.08% and -14.77% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 9.66 million and changing -7.48% at the moment leaves the stock -52.82% off its SMA200. CGC registered -80.80% loss for a year compared to 6-month loss of -61.64%.
The stock witnessed a -20.93% gain in the last 1 month and extending the period to 3 months gives it a -24.44%, and is -20.93% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.91% over the week and 8.05% over the month.
Canopy Growth Corporation (CGC) has around 3151 employees, a market worth around $1.31B and $494.23M in sales. Distance from 52-week low is 27.70% and -82.96% from its 52-week high.
Canopy Growth Corporation (CGC) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Canopy Growth Corporation (CGC) is a “Underweight”. 16 analysts offering their recommendations for the stock have an average rating of 4.00, where 6 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 7 analysts have rated the stock as a Sell or Underperform.
Canopy Growth Corporation is expected to release its quarterly report on 11/09/2022.The EPS is expected to shrink by -615.00% this year
Canopy Growth Corporation (CGC) Top Institutional Holders
The shares outstanding are 479.98M, and float is at 267.80M with Short Float at 11.61%.
Canopy Growth Corporation (CGC) Insider Activity
The most recent transaction is an insider sale by Hong Judy Eun Joo, the company’s Chief Financial Officer. SEC filings show that Hong Judy Eun Joo sold 1,021 shares of the company’s common stock on Jun 09 at a price of $4.98 per share for a total of $5085.0. Following the sale, the insider now owns 5100.0 shares.
Canopy Growth Corporation disclosed in a document filed with the SEC on Jun 09 that Stewart Thomas Carlton (Chief Accounting Officer) sold a total of 281 shares of the company’s common stock. The trade occurred on Jun 09 and was made at $4.98 per share for $1399.0. Following the transaction, the insider now directly holds 18188.0 shares of the CGC stock.
Canopy Growth Corporation (CGC): Who are the competitors?
The company’s main competitors (and peers) include The Simply Good Foods Company (SMPL) that is trading -14.63% down over the past 12 months. S&W Seed Company (SANW) is -76.13% down on the 1-year trading charts.