During the last session, Canopy Growth Corporation (NASDAQ:CGC)’s traded shares were 7.45 million, with the beta value of the company hitting 1.33. At the end of the trading day, the stock’s price was $8.97, reflecting an intraday loss of -0.66% or -$0.06. The 52-week high for the CGC share is $19.20, that puts it down -114.05 from that peak though still a striking 69.23% gain since the share price plummeted to a 52-week low of $2.76. The company’s market capitalization is $817.26M, and the average trade volume was 11.59 million shares over the past three months.
Canopy Growth Corporation (NASDAQ:CGC) trade information
Canopy Growth Corporation (CGC) registered a -0.66% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.66% in intraday trading to $8.97, hitting a weekly high. The stock’s 5-day price performance is 38.21%, and it has moved by 44.68% in 30 days. Based on these gigs, the overall price performance for the year is -32.05%.
Canopy Growth Corporation (CGC) estimates and forecasts
Statistics show that Canopy Growth Corporation has outperformed its competitors in share price, compared to the industry in which it operates. Canopy Growth Corporation (CGC) shares have gone up 76.89% during the last six months, with a year-to-date growth rate more than the industry average at 88.52% against 18.40. In the rating firms’ projections, revenue will decrease -20.10% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 52.84M as predicted by 9 analyst(s). Meanwhile, a consensus of 7 analyst(s) estimates revenue growth to 54.57M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 64.64M and 66.99M respectively. In this case, analysts expect current quarter sales to shrink by -18.20% and then drop by -18.50% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -76.81%. While earnings are projected to return 90.96% in 2024, the next five years will return 13.28% per annum.
CGC Dividends
Canopy Growth Corporation is due to release its next quarterly earnings in May. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
