During the last session, Canopy Growth Corporation (NASDAQ:CGC)’s traded shares were 14.73 million, with the beta value of the company hitting 0.80. The 52-week high for the CGC share is $14.92, that puts it down -1093.6 from that peak though still a striking 5.6% gain since the share price plummeted to a 52-week low of $1.18. The company’s market capitalization is $195.25M, and the average trade volume was 7.42 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. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.2.
Canopy Growth Corporation (NASDAQ:CGC) trade information
The stock’s 5-day price performance is -16.67%, and it has moved by -36.55% in 30 days. Based on these gigs, the overall price performance for the year is -61.06%.
The consensus price target of analysts on Wall Street is $11.02, which implies an increase of 88.66% 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 -2128.09% off the target high and -540.0% off the low.
Canopy Growth Corporation (CGC) estimates and forecasts
In the rating firms’ projections, revenue will decrease -19.66% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 72.02M as predicted by 7 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to 72.66M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 83.15M and 66.21M respectively. In this case, analysts expect current quarter sales to shrink by -13.39% and then jump by 9.73% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 20.88%. While earnings are projected to return 49.04% in 2025, the next five years will return 58.68% per annum.
CGC Dividends
Canopy Growth Corporation is due to release its next quarterly earnings in April. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 2.15 million shares, is of TOROSO INVESTMENTS, LLC’s that is approximately 2.7153% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $13.88 million.
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 Dec 31, 2024 indicates that Amplify ETF Tr-Amplify Alternative Harvest ETF owns about 2.26 shares. This amounts to just over 1.54 percent of the company’s overall shares, with a $2.83 million market value. The same data shows that the other fund manager holds slightly less at 91.46, or about 0.06% of the stock, which is worth about $0.11 million.
