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Canopy Growth (CGC)
NASDAQ:CGC
Canopy Growth (CGC) Stock Price & Analysis
10,500 Followers
CGC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$2.76 - $19.19
Previous Close$8.53
Volume2.41M
Average Volume (3M)17.14M
Market Cap
$616.00M
Enterprise Value$950.57M
Total Cash (Recent Filing)C$270.38M
Total Debt (Recent Filing)C$681.19M
Price to Earnings (P/E)―
Beta2.74
Next Earnings
Aug 13, 2024EPS Estimate
-$0.24Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-6.43
Shares Outstanding91,114,604
10 Day Avg. Volume8,073,377
30 Day Avg. Volume17,138,472
Standard Deviation0.33
R-Squared0.03
Alpha-0.03
Financial Highlights & Ratios
Price to Book (P/B)2.04
Price to Sales (P/S)10.54
Price to Cash Flow (P/CF)-3.40
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
$6.34Price Target Upside-21.73% Downside
Rating ConsensusHold
Number of Analyst Covering5
Canopy Growth News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceCanopy has shown promising financial growth with net sales increasing, supported by strong product performance and strategic cost-cutting measures.
Regulatory EnvironmentU.S. potentially reschedules cannabis, which could enhance market opportunities for companies like Canopy.
Strategic PositioningCanopy's strategic moves, including improving its balance sheet and focusing on asset-light models, positions the company for sustainable growth in the expanding cannabis market.
Bears Say
Financial PerformanceEBITDA was below expectations and the previous two quarters.
Market Expansion ChallengesUS federal cannabis reform is considered key for industry profitability, yet additional changes are needed for Canadian companies to enter the US market.
Valuation ConcernsThe company's current EV/sales valuation is at a significant premium to the average of its Canadian peers despite a spotty operational track record.
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
CGC FAQ
What was Canopy Growth’s price range in the past 12 months?
Canopy Growth lowest stock price was $2.75 and its highest was $19.19 in the past 12 months.
What is Canopy Growth’s market cap?
Currently, no data Available
When is Canopy Growth’s upcoming earnings report date?
Canopy Growth’s upcoming earnings report date is Aug 13, 2024 which is in 71 days.
How were Canopy Growth’s earnings last quarter?
Canopy Growth released its earnings results on May 30, 2024. The company reported -$0.757 earnings per share for the quarter, missing the consensus estimate of -$0.325 by -$0.431.
Is Canopy Growth overvalued?
According to Wall Street analysts Canopy Growth’s price is currently Overvalued.
Does Canopy Growth pay dividends?
Canopy Growth does not currently pay dividends.
What is Canopy Growth’s EPS estimate?
Canopy Growth’s EPS estimate is -$0.24.
How many shares outstanding does Canopy Growth have?
Canopy Growth has 76,197,620 shares outstanding.
What happened to Canopy Growth’s price movement after its last earnings report?
Canopy Growth reported an EPS of -$0.757 in its last earnings report, missing expectations of -$0.325. Following the earnings report the stock price went up 1.297%.
Which hedge fund is a major shareholder of Canopy Growth?
Among the largest hedge funds holding Canopy Growth’s share is Carolina Wealth Advisors, LLC. It holds Canopy Growth’s shares valued at 86.
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Canopy Growth Stock Smart Score
Neutral
1
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10
Analyst Consensus
Hold
Average Price Target:
$6.34 (-21.73% Downside)
$6.34 (-21.73% Downside)
Blogger Sentiment
Neutral
CGC Sentiment 56%
Sector Average 69%
Sector Average 69%
Crowd Wisdom
Positive
Last 7 Days ▼ 0.8%
Last 30 Days ▲ 2.5%
Last 30 Days ▲ 2.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
2.16%
12-Months-Change
Fundamentals
Return on Equity
-81.30%
Trailing 12-Months
Asset Growth
-47.11%
Trailing 12-Months
Company Description
Canopy Growth
Canopy Growth Corp. engages in the production and sale of medical cannabis. The company offers products including oils and concentrates, soft gel capsules and hemp. It focuses on the treatment of chronic pain, seizures, muscle spasms, nausea, and loss of appetite. The company was founded by Bruce Linton on August 5, 2009 and is headquartered in Smith Falls, Canada.
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CGC Earnings Call
Q4 2024
0:00 / 0:00
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CGC Stock 12 Month Forecast
Average Price Target
$6.34
▼(-21.73% Downside)
Technical Analysis
Best Analysts Covering CGC
1 Year
1 Year Success Rate
8/14 ratings generated profit
1 Year Average Return
-5.06%
reiterated a sell rating 5 days ago
Copying Lisa Lewandowski's trades and holding each position for 1 Year would result in 57.14% of your transactions generating a profit, with an average return of -5.06% per trade.
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