Canopy Growth Corporation (NASDAQ:CGC) price on current trading day, fall -2.56% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.14.
A look at the stock’s price movement, the close in the last trading session was $1.17, moving within a range at $1.11 and $1.2. The beta value (5-Year monthly) was 1.733. Turning to its 52-week performance, $14.92 and $1.05 were the 52-week high and 52-week low respectively. Overall, CGC moved -33.33% over the past month.
Canopy Growth Corporation’s market cap currently stands at around $178.07 million, with investors looking forward to this quarter’s earnings report slated for on 2025-Feb-06.
Analysts have a consensus estimate of 71.84M for the company’s revenue for the quarter, with a low and high estimate of 68.39M and 78.54M respectively. The average forecast suggests down to a -13.61% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 276.22M, representing a -19.69% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CGC is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 1 recommend CGC as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 1 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CGC’s current price about -11.30% and -37.47% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 31.50, while 7-day volatility ratio is 11.48% and 8.75% in the 30-day chart. Further, Canopy Growth Corporation (CGC) has a beta value of 0.83, and an average true range (ATR) of 0.13. Analysts have given the company’s stock an average 52-week price target of $11.021103290500001, forecast between a low of $8 and high of $27.85116355. Looking at the price targets, the low is -601.75% off current price level while to achieve the yearly target high, price needs to move -2343.08%. Nonetheless, investors will most likely welcome a -866.76% jump to $11.021103290500001 which is the analysts’ median price.
If we refocus on Canopy Growth Corporation (NASDAQ:CGC), historical trading data shows that trading volumes averaged 7.32 over the past 10 days and 7.97 million over the past 3 months. The company’s latest data on shares outstanding shows there are 156.20 million shares.
The 0.52% of Canopy Growth Corporation’s shares are in the hands of company insiders while institutional holders own 6.28% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 13.82 million on 2025-02-28, giving us a short ratio of 1.36. The data shows that as of 2025-02-28 short interest in Canopy Growth Corporation (CGC) stood at 1073.0 of shares outstanding, with shares short rising to 9.53 million registered in 2025-01-31. Current price change has pushed the stock -58.39% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CGC stock continues to rise going into the next quarter.
