rts logo

What should you know before buying stock in Canopy Growth Corporation (CGC)

Canopy Growth Corporation (NASDAQ: CGC) is 42.47% higher on its value in year-to-date trading and has touched a low of $2.76 and a high of $19.20 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CGC stock was last observed hovering at around $7.03 in the last trading session, with the day’s gains setting it 0.25%.

Currently trading at $7.28, the stock is -18.99% and -19.50% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.99 million and changing 3.56% at the moment leaves the stock 11.37% off its SMA200. CGC registered 4.90% gain for a year compared to 6-month gain of 0.78%.

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

The stock witnessed a -26.17% loss in the last 1 month and extending the period to 3 months gives it a 141.86%, and is -9.23% 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 7.48% over the week and 10.21% over the month.

Canopy Growth Corporation (CGC) has around 1029 employees, a market worth around $554.74M and $244.45M in sales. Profit margin for the company is -199.29%. Distance from 52-week low is 164.25% and -62.08% from its 52-week high. The company has generated returns on investments over the last 12 months (-62.83%).

The EPS is expected to grow by 83.58% this year.

Canopy Growth Corporation (CGC) Top Institutional Holders

The shares outstanding are 91.12M, and float is at 54.20M with Short Float at 19.10%.

Canopy Growth Corporation (CGC) Insider Activity

The most recent transaction is an insider sale by Lazzarato David Angelo,the company’sDirector. SEC filings show that Lazzarato David Angelo sold 3,713 shares of the company’s common stock on Dec 29 ’23 at a price of $6.68 per share for a total of $24803.0. Following the sale, the insider now owns 17042.0 shares.

Canopy Growth Corporation disclosed in a document filed with the SEC on Dec 29 ’23 that Yanofsky Theresa (Director) sold a total of 3,697 shares of the company’s common stock. The trade occurred on Dec 29 ’23 and was made at $6.68 per share for $24696.0. Following the transaction, the insider now directly holds 17501.0 shares of the CGC stock.

Still, SEC filings show that on Nov 20 ’23, Lazzarato David Angelo (Director) disposed off 38,502 shares at an average price of $0.81 for $31187.0. The insider now directly holds 207,562 shares of Canopy Growth Corporation (CGC).

Related Posts