Canopy Growth Corporation (NASDAQ: CGC) is -40.31% lower on its value in year-to-date trading and has touched a low of $2.76 and a high of $14.92 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 $3.04 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $3.05, the stock is -15.41% and -26.26% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.86 million and changing 0.33% at the moment leaves the stock -50.84% off its SMA200. CGC registered -41.22% loss for a year compared to 6-month loss of -56.98%. The firm has a 50-day simple moving average (SMA 50) of $4.159 and a 200-day simple moving average (SMA200) of $6.203775.
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The stock witnessed a -18.23% gain in the last 1 month and extending the period to 3 months gives it a -36.06%, and is -12.36% 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 4.79% over the week and 5.58% over the month.
Canopy Growth Corporation (CGC) has around 1029 employees, a market worth around $309.82M and $206.19M in sales. Profit margin for the company is -201.09%. Distance from 52-week low is 10.71% and -79.56% from its 52-week high. The company has generated returns on investments over the last 12 months (-59.39%).
with sales reaching $69.44M over the same period.The EPS is expected to grow by 60.79% this year, but quarterly earnings will post -20.39% year-over-year. Quarterly sales are estimated to shrink -22.89% in year-over-year returns.
Canopy Growth Corporation (CGC) Top Institutional Holders
258.0 institutions hold shares in Canopy Growth Corporation (CGC), with institutional investors hold 8.52% of the company’s shares. The shares outstanding are 101.58M, and float is at 100.82M with Short Float at 9.15%. Institutions hold 8.50% of the Float.
The top institutional shareholder in the company is STRATEGIC INVESTMENT SOLUTIONS, INC. /IL with over 725.0 shares valued at $23222.0. The investor’s holdings represent 0.0008% of the CGC Shares outstanding. As of 2024-06-30, the second largest holder is TURIM 21 INVESTIMENTOS LTDA. with 230.0 shares valued at $1484.0 to account for 0.0003 of the shares outstanding.
Canopy Growth Corporation (CGC) Insider Activity
The most recent transaction is an insider sale by Kruh Willy, the company’s Director. SEC filings show that Kruh Willy sold 1,995 shares of the company’s common stock on Sep 30 ’24 at a price of $4.95 per share for a total of $9875.0. Following the sale, the insider now owns 13288.0 shares.
Canopy Growth Corporation disclosed in a document filed with the SEC on Sep 30 ’24 that Yanofsky Theresa (Director) sold a total of 1,987 shares of the company’s common stock. The trade occurred on Sep 30 ’24 and was made at $4.95 per share for $9836.0. Following the transaction, the insider now directly holds 24199.0 shares of the CGC stock.
Still, SEC filings show that on Sep 30 ’24, Mongeau Luc (Director) disposed off 1,995 shares at an average price of $4.95 for $9875.0. The insider now directly holds 13,281 shares of Canopy Growth Corporation (CGC).
