In recent trading session, Canopy Growth Corporation (NASDAQ:CGC) saw 0.66 million shares changing hands at last check today with its beta currently measuring 0.94. Company’s recent per share price level of $6.47 trading at -$0.02 or -0.39% at last check today assigns it a market valuation of $492.63M. That most recent trading price of CGC’s stock is at a discount of -196.75% from its 52-week high price of $19.20 and is indicating a premium of 57.34% from its 52-week low price of $2.76. Taking a look at company’s average trading volume volume of 11.25 million if we extend that period to 3-months.
For Canopy Growth Corporation (CGC), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.36. Splitting up the data highlights that, out of 3 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 1 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.35 in the current quarter.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Canopy Growth Corporation (NASDAQ:CGC) trade information
Upright in the red during last session for losing -0.39%, in the last five days CGC remained trading in the red while hitting it’s week-highest on Wednesday, 07/03/24 when the stock touched $6.47 price level, adding 5.55% to its value on the day. Canopy Growth Corporation’s shares saw a change of 26.52% in year-to-date performance and have moved -3.07% in past 5-day. Canopy Growth Corporation (NASDAQ:CGC) showed a performance of -17.22% in past 30-days.
Wall Street analysts have assigned a consensus price target of 11.021103290500001 to the stock, which implies a rise of 41.29% to its recent value today. Analysts have been projecting 8 as a low price target for the stock while placing it at a high target of 27.85116355. It follows that stock’s current price would drop -23.65% in reaching the projected high whereas dropping to the targeted low would mean a loss of -23.65% for stock’s current value.
Canopy Growth Corporation (CGC) estimates and forecasts
Statistics highlight that Canopy Growth Corporation is scoring comparatively higher than the scores of other players of the relevant industry. The company added 33.02% of value to its shares in past 6 months, showing an annual growth rate of 73.33% while that of industry is 12.90. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -10.20% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 53.96M for the same. And 6 analysts are in estimates of company making revenue of 51.91M in the next quarter. Company posted 66.99M and 60.66M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 20.88% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 82.94% while estimates for its earnings growth in next 5 years are of 13.28%.
CGC Dividends
Canopy Growth Corporation is more likely to be releasing its next quarterly report in August and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Canopy Growth Corporation (NASDAQ:CGC)’s Major holders
Insiders are in possession of 0.35% of company’s total shares while institution are holding 13.76 percent of that, with stock having share float percentage of 13.81%. Investors also watch the number of corporate investors in a company very closely, which is 13.76% institutions for Canopy Growth Corporation that are currently holding shares of the company. Tidal Investments, LLC is the top institutional holder at CGC for having 2.52 shares of worth $16.31 million. And as of Mar 31, 2024, it was holding 3.30% of the company’s outstanding shares.
The second largest institutional holder is Jane Street Group, LLC, which was holding about 1.32 shares on Mar 31, 2024. The number of shares represents firm’s hold over 1.73% of outstanding shares, having a total worth of $8.57 million.
On the other hand, Amplify ETF Tr-Amplify Alternative Harvest ETF and Lord Abbett Investment Trust-Lord Abbett Convertible Fund are the top two Mutual Funds which own company’s shares. As of Mar 31, 2024, the former fund manager was holding 2.52 shares of worth $16.31 million or 3.30% of the total outstanding shares. The later fund manager was in possession of 495.34 shares on Feb 29, 2024, making its stake of worth around $3.21 million in the company or a holder of 0.65% of company’s stock.
