In the last trading session, 14.56 million Canopy Growth Corporation (NASDAQ:CGC) shares changed hands as the company’s beta touched 0.76. With the company’s per share price at $1.66 changed hands at $0.32 or 23.88% during last session, the market valuation stood at $298.93M. CGC’s last price was a discount, traded about -619.88% off its 52-week high of $11.95. The share price had its 52-week low at $0.77, which suggests the last value was 53.61% up 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 (NASDAQ:CGC) trade information
Instantly CGC was in green as seen at the end of in last trading. With action 26.72%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -39.42%, with the 5-day performance at 26.72% in the green. However, in the 30-day time frame, Canopy Growth Corporation (NASDAQ:CGC) is 40.68% up.
The consensus price target for the stock as assigned by Wall Street analysts is 11.02, meaning bulls need an upside of 84.94% from its current 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 -1577.78% plunge from its current level, while the stock would need to soar -381.93% for it to hit the projected low.
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 47.93%, but the outlook for the next 5-year period is at 60.04% per year.
CGC Dividends
Canopy Growth Corporation is expected to release its next quarterly earnings report in June.
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 Dec 31, 2024 were Amplify ETF Trust-Amplify Alternative Harvest ETF and AdvisorShares Trust-AdvisorShares Pure Cannabis ETF . With 2.26 shares estimated at $3.76 million under it, the former controlled 1.23% of total outstanding shares. On the other hand, AdvisorShares Trust-AdvisorShares Pure Cannabis ETF held about 0.05% of the shares, roughly 91.46 shares worth around $0.15 million.
