Canopy Growth Corporation (NASDAQ:CGC) traded at $7.57 at last check on Wednesday, July 24, made a downward move of -7.68% on its previous day’s price.
Looking at the stock we see that its previous close was $8.20 . In terms of its 52-week price range, CGC has a high of $19.20 and a low of $2.76. The company’s stock has gained about 8.30% over that past 30 days.
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Canopy Growth Corporation has a market cap of $576.83 million.
Based on estimates by 3 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 1 have rated the Canopy Growth Corporation (CGC) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 11.06% off its SMA20 and -2.50% from its 50-day simple moving average. The RSI (14) is pointing at 54.13 while the volatility over the past week is 10.49% and jumps to 7.27% over the past one month. The beta value is 0.95, while the average true range (ATR) is currently pointing at 0.61. The average price target for the stock over the next 12 months is $11.021103290500001, with the estimates having a low of $8 and a high of $27.85116355. These price ends are -5.68% and -267.91% off the today’s price level respectively, although investors could be excited at the prospect of a -45.59% if the CGC share price touches on the median price of $11.021103290500001.
Coming back to Canopy Growth Corporation (NASDAQ:CGC), we note that the average 3-month trading volume was 9.25 million, while that of the preceding 10-day period stands at 5.3 million. Current shares outstanding are 91.12 million.
The insiders hold 0.95% of the company’s shares while institutions hold 12.46%. The data shows that short shares as of 2024-06-28, stood at 8.73 million at a short ratio of 1.94. This represents a 17.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.5317.53 short interest in shares outstanding on 2024-06-28. Shares short fall in June from the previous month at 10.6 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock 48.14% up in year-to-date price movement.
