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Canopy Growth (CGC)
NASDAQ:CGC
Canopy Growth (CGC) Stock Price & Analysis
10,315 Followers
CGC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$2.76 - $19.19
Previous Close$10.24
Volume15.72M
Average Volume (3M)14.74M
Market Cap
$929.04M
Enterprise Value$1.23B
Total Cash (Recent Filing)C$270.38M
Total Debt (Recent Filing)C$681.19M
Price to Earnings (P/E)-0.6
Beta2.41
Next Earnings
May 30, 2024EPS Estimate
-$0.32Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-16.06
Shares Outstanding91,114,604
10 Day Avg. Volume24,117,007
30 Day Avg. Volume14,735,625
Standard Deviation0.33
R-Squared0.03
Alpha-0.03
Financial Highlights & Ratios
Price to Book (P/B)2.50
Price to Sales (P/S)12.66
Price to Cash Flow (P/CF)-4.10
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
$3.47Price Target Upside-66.11% Downside
Rating ConsensusModerate Sell
Number of Analyst Covering4
Canopy Growth News
PremiumCompany Announcements
Canopy Growth Secures New Financing Deal
Bulls Say, Bears Say
Bulls Say
Financial PerformanceThe company is seeing improved gross margins thanks to effective cost-cutting measures and the divestiture of non-core assets.
Operational EfficiencySignificant strides have been made in rightsizing the company, leading to enhanced margins and better product quality.
Regulatory EnvironmentUpcoming regulatory changes in the US could positively shift investor sentiment if cannabis is rescheduled.
Bears Say
Financial HealthCanopy's stock is affected by cash burn and lack of US federal regulatory progress.
Operational EfficiencyDespite efforts to improve operations, Canopy's continuing operations free cash flow remains negative, indicating a need for further improvement.
Stock ValuationAnalyst has lowered price objectives for Canopy based on a reduced earnings valuation multiple, reflecting increased share count and updated revenue forecasts.
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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 May 30, 2024 which is in 26 days.
How were Canopy Growth’s earnings last quarter?
Canopy Growth released its earnings results on Feb 09, 2024. The company reported -$1.916 earnings per share for the quarter, missing the consensus estimate of -$0.369 by -$1.548.
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 -$0.32.
How many shares outstanding does Canopy Growth have?
Canopy Growth has 91,114,600 shares outstanding.
What happened to Canopy Growth’s price movement after its last earnings report?
Canopy Growth reported an EPS of -$1.916 in its last earnings report, missing expectations of -$0.369. Following the earnings report the stock price went down -2.19%.
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 51.
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Canopy Growth Stock Smart Score
Neutral
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Analyst Consensus
Moderate Sell
Average Price Target:
$3.47 (-66.11% Downside)
$3.47 (-66.11% Downside)
Blogger Sentiment
Neutral
CGC Sentiment 60%
Sector Average 70%
Sector Average 70%
Crowd Wisdom
Very Positive
Last 7 Days ▲ 3.9%
Last 30 Days ▲ 7.8%
Last 30 Days ▲ 7.8%
News Sentiment
Very Bullish
Bullish news 80%
Bearish news 20%
Bearish news 20%
Technicals
SMA
Positive
20 days / 200 days
Momentum
-15.37%
12-Months-Change
Fundamentals
Return on Equity
-113.86%
Trailing 12-Months
Asset Growth
-53.74%
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
Q3 2024
0:00 / 0:00
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CGC Stock 12 Months Forecast
Average Price Target
$3.47
▼(-66.11% Downside)
Technical Analysis
Best Analysts Covering CGC
1 Year
1 Year Success Rate
7/13 ratings generated profit
1 Year Average Return
-26.56%
reiterated a sell rating 3 months ago
Copying Lisa Lewandowski's trades and holding each position for 1 Year would result in 53.85% of your transactions generating a profit, with an average return of -26.56% per trade.
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