In last trading session, Canopy Growth Corporation (NASDAQ:CGC) saw 6.63 million shares changing hands with its beta currently measuring 0.83. Company’s recent per share price level of $1.61 trading at -$0.06 or -3.59% at ring of the bell on the day assigns it a market valuation of $230.78M. That closing price of CGC’s stock is at a discount of -826.71% from its 52-week high price of $14.92 and is indicating a discount of -1.86% from its 52-week low price of $1.64.
For Canopy Growth Corporation (CGC), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.56. Splitting up the data highlights that, out of 4 analysts covering the stock, 1 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 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 -0.2 in the current quarter.
Canopy Growth Corporation (NASDAQ:CGC) trade information
Upright in the red during last session for losing -3.59%, in the last five days CGC remained trading in the red while hitting it’s week-highest on Friday, 02/14/25 when the stock touched $1.61 price level, adding 18.27% to its value on the day. Canopy Growth Corporation’s shares saw a change of -41.24% in year-to-date performance and have moved -10.06% in past 5-day. Canopy Growth Corporation (NASDAQ:CGC) showed a performance of -27.80% in past 30-days.
Wall Street analysts have assigned a consensus price target of 11.02 to the stock, which implies a rise of 85.39% to its current value. 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 -396.89% in reaching the projected high whereas dropping to the targeted low would mean a loss of -396.89% for stock’s current value.
Canopy Growth Corporation (CGC) estimates and forecasts
This year revenue growth is estimated to fall -19.68% from the last financial year’s standing.
7 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 72M for the same. And 6 analysts are in estimates of company making revenue of 72.63M in the next quarter. Company posted 83.15M and 66.21M 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 2025, company’s earnings growth rate is likely to be around 48.98% while estimates for its earnings growth in next 5 years are of 58.68%.
Canopy Growth Corporation (NASDAQ:CGC)’s Major holders
SUSQUEHANNA INTERNATIONAL GROUP, LLP is the top institutional holder at CGC for having 3.56 million shares of worth $22.96 million. And as of 2024-06-30, it was holding 4.4929 of the company’s outstanding shares.
The second largest institutional holder is TOROSO INVESTMENTS, LLC, which was holding about 2.15 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.7153 of outstanding shares, having a total worth of $13.88 million.
On the other hand, Amplify ETF Tr-Amplify Alternative Harvest ETF and AdvisorShares Trust-AdvisorShares Pure Cannabis ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 2.01 shares of worth $3.24 million or 1.37% of the total outstanding shares. The later fund manager was in possession of 90.92 shares on Nov 30, 2024 , making its stake of worth around $0.15 million in the company or a holder of 0.06% of company’s stock.
