Canopy Growth Corporation (NASDAQ:CGC) shares, rose in value on Thursday, March 27, without any change to the previous day’s close as strong demand from buyers drove the stock to $1.05.
Actively observing the price movement in the last trading, the stock closed the session at $1.05, falling within a range of $1.03 and $1.11. The value of beta (5-year monthly) was 1.733. Referring to stock’s 52-week performance, its high was $14.92, and the low was $1.03. On the whole, CGC has fluctuated by -30.00% over the past month.
With the market capitalization of Canopy Growth Corporation currently standing at about $162.57 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Feb-06.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 276.29M, with a low estimate of 68.53M and a high estimate of 78.54M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 71.86M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CGC’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of CGC currently trading nearly -8.83% and -36.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 30.06, while the 7-day volatility ratio is showing 6.39% which for the 30-day chart, stands at 8.60%. Furthermore, Canopy Growth Corporation (CGC)’s beta value is 0.86, and its average true range (ATR) is 0.11.
A comparison of Canopy Growth Corporation (CGC) with its peers suggests the former has fared considerably weaker in the market. CGC showed an intraday change of 0.00% in last session, and over the past year, it shrunk by -83.06%%.
Data on historical trading for Canopy Growth Corporation (NASDAQ:CGC) indicates that the trading volumes over the past 10 days have averaged 7.29 and over the past 3 months, they’ve averaged 7.84 million. According to company’s latest data on outstanding shares, there are 154.83 million shares outstanding.
Nearly 0.52% of Canopy Growth Corporation’s shares belong to company insiders and institutional investors own 6.33% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 13.99 million shares as on 2025-03-14, resulting in a short ratio of 1.82. According to the data, the short interest in Canopy Growth Corporation (CGC) stood at 1086.00 of shares outstanding as of 2025-03-14; the number of short shares registered in 2025-02-14 reached 14.84 million. The stock has fallen by -61.68% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CGC stock heading into the next quarter.
