In the last trading session, 4.49 million shares of the Canopy Growth Corporation (NASDAQ:CGC) were traded. Most recently the company’s share price was $3.48, and it changed around $0.11 or 3.26% from the last close, which brings the market valuation of the company to $1.37B. CGC currently trades at a discount to its 52-week high of $25.59, offering almost -635.34% off that amount. The share price’s 52-week low was $3.24, which indicates that the current value has risen by an impressive 6.9% since then. We note from Canopy Growth Corporation’s average daily trading volume that its 3-month average coming to 7.45 million.
Canopy Growth Corporation stock received a consensus recommendation rating of an Underweight, based on a mean score of 4.10. If we narrow it down even further, the data shows that 9 out of 19 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 8 recommended CGC as a Hold, whereas 1 deemed it a Buy, and 1 rated it as Underweight. Canopy Growth Corporation is expected to report earnings per share of -$0.25 for the current quarter.
Canopy Growth Corporation (NASDAQ:CGC) trade information
Instantly CGC has showed a green trend with a performance of 3.26% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 3.61 on Tuesday, 06/21/22 increased the stock’s daily price by 3.6%. The company’s shares are currently down -60.14% year-to-date, but still up 6.10% over the last five days. On the other hand, Canopy Growth Corporation (NASDAQ:CGC) is -40.72% up in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $4.20, which translates to bulls needing to increase their stock price by 17.14% from its current value. Analyst projections state that CGC is forecast to be at a low of $1.99 and a high of $7.05. In order for the stock price to hit the forecast high, the stock would need to plunge -102.59% from its current level, while the stock would need to crash 42.82% from its current level to reach the projected low.
Canopy Growth Corporation (CGC) estimates and forecasts
Canopy Growth Corporation share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -63.71 percent over the past six months and at a -282.50% annual growth rate that is well below the industry average of 8.40%.
Consensus estimates provided by 15 financial analysts predict the company will bring in an average of $103.45 million in revenue for the current quarter. 10 analysts expect Canopy Growth Corporation to make $106.04 million in revenue for the quarter ending Jun 2022.
Canopy Growth Corporation earnings are expected to increase by 110.20% in 2022, but the outlook is positive 33.40% per year for the next five years.
Canopy Growth Corporation’s next quarterly earnings report is expected to be released around February 07 and February 11.