Canopy Growth Corporation (NASDAQ:CGC) has a beta value of 0.83 and has seen 1.34 million shares traded in the recent trading session. The company, currently valued at $264.46M, closed the recent trade at $1.85 per share which meant it lost -$0.04 on the day or -2.38% during that session. The CGC stock price is -706.49% off its 52-week high price of $14.92 and 5.41% above the 52-week low of $1.75. If we look at the company’s 10-day average daily trading volume, we find that it stood at 13.71 million shares traded. The 3-month trading volume is 6.56 million shares.
The consensus among analysts is that Canopy Growth Corporation (CGC) is Hold stock at the moment, with a recommendation rating of 3.56. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 4 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.2.
Canopy Growth Corporation (NASDAQ:CGC) trade information
Sporting -2.38% in the red today, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the CGC stock price touched $1.85 or saw a rise of 6.09%. Year-to-date, Canopy Growth Corporation shares have moved -32.66%, while the 5-day performance has seen it change -6.11%. Over the past 30 days, the shares of Canopy Growth Corporation (NASDAQ:CGC) have changed -18.00%. Short interest in the company has seen 9.53 million shares shorted with days to cover at 1.7.
Wall Street analysts have a consensus price target for the stock at $11.02, which means that the shares’ value could jump 83.21% from the levels at last check today. The projected low price target is $8.0 while the price target rests at a high of $27.85116355. In that case, then, we find that the latest price level in today’s session is -1405.47% off the targeted high while a plunge would see the stock gain -332.43% from the levels at last check today.
Canopy Growth Corporation (CGC) estimates and forecasts
The company’s shares have lost -73.57% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -19.68%.
7 analysts offering their estimates for the company have set an average revenue estimate of 72M for the current quarter. 6 have an estimated revenue figure of 72.63M for the next ending quarter. Year-ago sales stood 83.15M and 66.21M respectively for this quarter and the next, and analysts expect sales will shrink by -13.41% for the current quarter and -19.68% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 20.88% over the past 5 years. Earnings growth for 2025 is a modest 48.98% while over the next 5 years, the company’s earnings are expected to increase by 58.68%.
CGC Dividends
Canopy Growth Corporation is expected to release its next earnings report in March this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Canopy Growth Corporation (NASDAQ:CGC)’s Major holders
Insiders own 0.15% of the company shares, while shares held by institutions stand at 6.95% with a share float percentage of 6.96%. Investors are also buoyed by the number of investors in a company, with Canopy Growth Corporation having a total of 261.0 institutions that hold shares in the company. The top two institutional holders are SUSQUEHANNA INTERNATIONAL GROUP, LLP with over 3.56 million shares worth more than $22.96 million. As of 2024-06-30, SUSQUEHANNA INTERNATIONAL GROUP, LLP held 4.4929% of shares outstanding.
The other major institutional holder is TOROSO INVESTMENTS, LLC, with the holding of over 2.15 million shares as of 2024-06-30. The firm’s total holdings are worth over $13.88 million and represent 2.7153% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Amplify ETF Tr-Amplify Alternative Harvest ETF and AdvisorShares Trust-AdvisorShares Pure Cannabis ETF. As of Sep 30, 2024, the former fund manager holds about 1.37% shares in the company for having 2.01 shares of worth $3.72 million while later fund manager owns 90.92 shares of worth $0.17 million as of Nov 30, 2024, which makes it owner of about 0.06% of company’s outstanding stock.
