Canopy Growth Corporation (NASDAQ:CGC) has a beta value of 0 and has seen 1,429,629 shares traded in the recent trading session. The company, currently valued at $9.94 Billion, closed the recent trade at $25.95 per share which meant it lost -$1 on the day or -3.71% during that session. The CGC stock price is -117.73% off its 52-week high price of $56.5 and 50.1% above the 52-week low of $12.95. If we look at the companys 10-day average daily trading volume, we find that it stood at 2.48 Million shares traded. The 3-month trading volume is 5.36 Million shares.
The consensus among analysts is that Canopy Growth Corporation (CGC) is a Hold stock at the moment, with a recommendation rating of 0. 4 analysts rate the stock as a Sell, while 1 rate it as Overweight. 13 out of 20 have rated it as a Hold, with 2 advising it as a Buy. None have rated the stock as Underweight.
Canopy Growth Corporation (NASDAQ:CGC) trade information
Despite being -3.71% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Wednesday, Apr 28 when the CGC stock price touched $28.38- or saw a rise of 8.39%. Year-to-date, Canopy Growth Corporation shares have moved 5.52%, while the 5-day performance has seen it change -5.56%. Over the past 30 days, the shares of Canopy Growth Corporation (NASDAQ:CGC) have changed -18.9%. Short interest in the company has seen 14.81 Million shares shorted with days to cover at 2.76.
Wall Street analysts have a consensus price target for the stock at $32.14, which means that the shares value could jump 23.85% from the levels at last check today. The projected low price target is $16.51 while the price target rests at a high of $43.7. In that case, then, we find that the latest price level in todays session is +68.4% off the targeted high while a plunge would see the stock lose -36.38% from the levels at last check today.
Canopy Growth Corporation (CGC) estimates and forecasts
Earnings growth for 2021 is a modest +0%.
Canopy Growth Corporation (NASDAQ:CGC)s Major holders
Insiders own 38.58% of the company shares, while shares held by institutions stand at 15.08% with a share float percentage of 24.55%. Investors are also buoyed by the number of investors in a company, with Canopy Growth Corporation having a total of 581 institutions that hold shares in the company. The top two institutional holders are Vanguard Group Inc. (The) with over 6.57 Million shares worth more than $162.01 Million. As of December 30, 2020, Vanguard Group Inc. (The) held 1.72% of shares outstanding.
The other major institutional holder is ETF Managers Group LLC, with the holding of over 2.96 Million shares as of December 30, 2020. The firms total holdings are worth over $72.83 Million and represent 0.77% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard International Stock Index-Total Intl Stock Indx and ETF Managers Tr-EFTMG Alternative Harvest ETF. As of January 30, 2021, the former fund manager holds about 0.81% shares in the company for having 3079365 shares of worth $123.39 Million while later fund manager owns 2.96 Million shares of worth $72.83 Million as of December 30, 2020, which makes it owner of about 0.77% of company’s outstanding stock.