In the latest trading session, 1.73 million Canopy Growth Corporation (NASDAQ:CGC) shares changed hands as the company’s beta touched 0.85. With the company’s most recent per share price at $1.57 changed hands at -$0.06 or -3.81% at last look, the market valuation stands at $224.74M. CGC’s current price is a discount, trading about -850.32% off its 52-week high of $14.92. The share price had its 52-week low at $1.58, which suggests the last value was -0.64% down since then.
Analysts gave the Canopy Growth Corporation (CGC) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.56. If we narrow down to specifics, the data shows that 1 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended CGC as a Hold, 1 felt it is a Buy and 0 rated the stock as Underweight. Canopy Growth Corporation’s EPS for the current quarter is expected to be -0.2.
Canopy Growth Corporation (NASDAQ:CGC) trade information
Instantly CGC was in red as seen in intraday trades today. With action -17.04%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -42.78%, with the 5-day performance at -17.04% in the red. However, in the 30-day time frame, Canopy Growth Corporation (NASDAQ:CGC) is -28.73% down.
The consensus price target for the stock as assigned by Wall Street analysts is 11.02, meaning bulls need an upside of 85.75% from its recent market value. According to analyst projections, CGC’s forecast low is 8 with 27.85116355 as the target high. To hit the forecast high, the stock’s price needs a -1673.96% plunge from its current level, while the stock would need to soar -409.55% for it to hit the projected low.
Canopy Growth Corporation (CGC) estimates and forecasts
Year-over-year growth is forecast to reach -19.68% down from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 72M. 6 analysts are of the opinion that Canopy Growth Corporation’s revenue for the current quarter will be 72.63M. The company’s revenue for the corresponding quarters a year ago was 83.15M and 66.21M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -13.41%. The estimates for the next quarter sales put growth at 9.70%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 20.88%. The 2025 estimates are for Canopy Growth Corporation earnings to increase by 48.98%, but the outlook for the next 5-year period is at 58.68% per year.
Canopy Growth Corporation (NASDAQ:CGC)’s Major holders
TOROSO INVESTMENTS, LLC holds the second largest percentage of outstanding shares, with 2.7153% or 2.15 million shares worth $13.88 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Amplify ETF Tr-Amplify Alternative Harvest ETF and AdvisorShares Trust-AdvisorShares Pure Cannabis ETF. With 2.01 shares estimated at $3.17 million under it, the former controlled 1.37% of total outstanding shares. On the other hand, AdvisorShares Trust-AdvisorShares Pure Cannabis ETF held about 0.06% of the shares, roughly 90.92 shares worth around $0.14 million.
