Canopy Growth Corporation (NASDAQ: CGC) is -18.98% lower on its value in year-to-date trading and has touched a low of $2.35 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 $2.39 in the last trading session, with the day’s loss setting it -0.17%.
Currently trading at $2.22, the stock is -20.26% and -36.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 7.74 million and changing -7.11% at the moment leaves the stock -63.41% off its SMA200. CGC registered -49.77% loss for a year compared to 6-month loss of -68.91%. The firm has a 50-day simple moving average (SMA 50) of $3.5646 and a 200-day simple moving average (SMA200) of $6.103625.
The stock witnessed a -32.32% gain in the last 1 month and extending the period to 3 months gives it a -45.05%, and is -23.97% 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 7.53% over the week and 6.23% over the month.
Canopy Growth Corporation (CGC) has around 1029 employees, a market worth around $219.05M and $206.19M in sales. Profit margin for the company is -201.09%. Distance from 52-week low is -5.53% and -85.12% 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 59.65% this year, but quarterly earnings will post -20.49% year-over-year. Quarterly sales are estimated to shrink -22.89% in year-over-year returns.
Canopy Growth Corporation (CGC) Top Institutional Holders
254.0 institutions hold shares in Canopy Growth Corporation (CGC), with institutional investors hold 7.76% of the company’s shares. The shares outstanding are 98.67M, and float is at 97.95M with Short Float at 9.96%. Institutions hold 7.75% 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 2,004 shares of the company’s common stock on Dec 31 ’24 at a price of $2.67 per share for a total of $5351.0. Following the sale, the insider now owns 11284.0 shares.
Canopy Growth Corporation disclosed in a document filed with the SEC on Dec 31 ’24 that Yanofsky Theresa (Director) sold a total of 1,996 shares of the company’s common stock. The trade occurred on Dec 31 ’24 and was made at $2.67 per share for $5329.0. Following the transaction, the insider now directly holds 22203.0 shares of the CGC stock.
Still, SEC filings show that on Dec 31 ’24, Mongeau Luc (Director) disposed off 2,004 shares at an average price of $2.67 for $5351.0. The insider now directly holds 11,277 shares of Canopy Growth Corporation (CGC).
