Canopy Growth Corporation (NASDAQ:CGC)’s traded shares stood at 6.75 million during the last session, with the company’s beta value hitting 0.86.The CGC share’s 52-week high remains $14.92, putting it -894.67% down since that peak but still an impressive 0.67% since price per share fell to its 52-week low of $1.49.
Analysts have given a consensus recommendation of Hold for Canopy Growth Corporation (CGC), translating to a mean rating of 3.56. Of 4 analyst(s) looking at the stock, 1 analyst(s) give CGC a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 1 recommend it as a Buy.
Canopy Growth Corporation (NASDAQ:CGC) trade information
The 5-day price performance for the stock is -10.18%, and -28.23% over 30 days. With these gigs, the year-to-date price performance is -45.26%.
The extremes give us $8 and $27.85116355 for target low and target high price respectively. As such, CGC has been trading -1756.74% off suggested target high and -433.33% from its likely low.
Canopy Growth Corporation (CGC) estimates and forecasts
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 20.88% for the past 5-year period. While 2025 is set for a 48.98% return in earnings, projections for the next 5 years are at 58.68% annually.
CGC Dividends
Canopy Growth Corporation has its next earnings report out in March. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Canopy Growth Corporation (NASDAQ:CGC)’s Major holders
The next major institution holding the largest number of shares is TOROSO INVESTMENTS, LLC with 2.15 million shares, or about 2.7153% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $13.88 million.
We also have Amplify ETF Tr-Amplify Alternative Harvest ETF and AdvisorShares Trust-AdvisorShares Pure Cannabis ETF as the top two Mutual Funds with the largest holdings of the Canopy Growth Corporation (CGC) shares. Going by data provided on Dec 31, 2024, Amplify ETF Tr-Amplify Alternative Harvest ETF holds roughly 2.26 shares. This is just over 1.54% of the total shares, with a market valuation of $3.4 million. Data from the same date shows that the other fund manager holds a little less at 90.92, or 0.06% of the shares, all valued at about 0.14 million.
