Canopy Growth Corporation (NASDAQ:CGC)’s traded shares stood at 13.39 million during the last session, with the company’s beta value hitting 0.77. At the close of trading, the stock’s price was $1.57, to imply an increase of 4.67% or $0.07 in intraday trading. The CGC share’s 52-week high remains $8.65, putting it -450.96% down since that peak but still an impressive 50.96% since price per share fell to its 52-week low of $0.77.
Analysts have given a consensus recommendation of Hold for Canopy Growth Corporation (CGC), translating to a mean rating of 3.43. 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
After registering a 4.67% upside in the last session, Canopy Growth Corporation (CGC) has traded red over the past five days. The 5-day price performance for the stock is 20.77%, and 7.53% over 30 days. With these gigs, the year-to-date price performance is -42.70%.
The extremes give us $8 and $27.85116355 for target low and target high price respectively. As such, CGC has been trading -1673.96% off suggested target high and -409.55% from its likely low.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 32.50% for the past 5-year period. While 2025 is set for a 89.35% return in earnings, projections for the next 5 years are at 63.95% annually.
CGC Dividends
Canopy Growth Corporation has its next earnings report out in July. 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.
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.
