Canopy Growth Corporation (NASDAQ:CGC) has a beta value of 0.90 and has seen 1.92 million shares traded in the recent trading session. The company, currently valued at $142.13M, closed the recent trade at $0.92 per share which meant it lost -$0.07 on the day or -6.86% during that session. The CGC stock price is -1521.74% off its 52-week high price of $14.92 and -6.52% below the 52-week low of $0.98. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.51 million shares traded. The 3-month trading volume is 7.91 million shares.
The consensus among analysts is that Canopy Growth Corporation (CGC) is Hold stock at the moment, with a recommendation rating of 3.50. 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 -6.86% 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 $0.92 or saw a rise of 21.37%. Year-to-date, Canopy Growth Corporation shares have moved -66.50%, while the 5-day performance has seen it change -20.86%. Over the past 30 days, the shares of Canopy Growth Corporation (NASDAQ:CGC) have changed -34.19%. Short interest in the company has seen 13.99 million shares shorted with days to cover at 1.82.
Wall Street analysts have a consensus price target for the stock at $11.02, which means that the shares’ value could jump 91.65% 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 -2927.3% off the targeted high while a plunge would see the stock gain -769.57% from the levels at last check today..
Canopy Growth Corporation (CGC) estimates and forecasts
The company’s shares have lost -79.69% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -19.67%.
6 analysts offering their estimates for the company have set an average revenue estimate of 71.86M for the current quarter. 5 have an estimated revenue figure of 72.18M 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 -13.58% for the current quarter and -19.67% 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 49.38% while over the next 5 years, the company’s earnings are expected to increase by 60.04%.
CGC Dividends
Canopy Growth Corporation is expected to release its next earnings report on 2025-Feb-06 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 0.14% of the company shares, while shares held by institutions stand at 6.27% with a share float percentage of 6.28%. Investors are also buoyed by the number of investors in a company, with Canopy Growth Corporation having a total of 267.0 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 Trust-Amplify Alternative Harvest ETF and AdvisorShares Trust-AdvisorShares Pure Cannabis ETF . As of Dec 31, 2024 , the former fund manager holds about 1.43% shares in the company for having 2.26 shares of worth $2.04 million while later fund manager owns 91.46 shares of worth $82535.0 as of Feb 28, 2025 , which makes it owner of about 0.06% of company’s outstanding stock.
