During the recent session, Canopy Growth Corporation (NASDAQ:CGC)’s traded shares were 1.56 million, with the beta value of the company hitting 0.83. At the last check today, the stock’s price was $1.83, reflecting an intraday gain of 1.96% or $0.04. The 52-week high for the CGC share is $14.92, that puts it down -715.3 from that peak though still a striking 4.37% gain since the share price plummeted to a 52-week low of $1.75. The company’s market capitalization is $231.12M, and the average intraday trading volume over the past 10 days was 13.59 million shares, and the average trade volume was 6.60 million shares over the past three months.
Canopy Growth Corporation (CGC) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.56. CGC has a Sell rating from 1 analyst(s) out of 4 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it.
Canopy Growth Corporation (NASDAQ:CGC) trade information
Canopy Growth Corporation (CGC) registered a 1.96% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.96% in intraday trading to $1.83, hitting a weekly high. The stock’s 5-day price performance is -34.35%, and it has moved by -17.79% in 30 days. Based on these gigs, the overall price performance for the year is -51.97%. The short interest in Canopy Growth Corporation (NASDAQ:CGC) is 9.31 million shares and it means that shorts have 1.58 day(s) to cover.
The consensus price target of analysts on Wall Street is $11.02, which implies an increase of 83.39% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $8 and $27.85116355 respectively. As a result, CGC is trading at a discount of -1421.92% off the target high and -337.16% off the low.
CGC Dividends
Canopy Growth Corporation is due to release its next quarterly earnings in March. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Canopy Growth Corporation (NASDAQ:CGC)’s Major holders
The next largest institutional holding, with 230.0 shares, is of TURIM 21 INVESTIMENTOS LTDA.’s that is approximately 0.0003% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $1484.0.
Also, the Mutual Funds coming in first place with the largest holdings of Canopy Growth Corporation (CGC) shares are Amplify ETF Tr-Amplify Alternative Harvest ETF and AdvisorShares Trust-AdvisorShares Pure Cannabis ETF. Data provided on Sep 30, 2024 indicates that Amplify ETF Tr-Amplify Alternative Harvest ETF owns about 2.01 shares. This amounts to just over 1.54 percent of the company’s overall shares, with a $3.63 million market value. The same data shows that the other fund manager holds slightly less at 90.92, or about 0.07% of the stock, which is worth about $0.16 million.
