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Canopy Growth (CGC)
NASDAQ:CGC
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CGC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$2.76 - $14.92
Previous Close$5.59
Volume13.50M
Average Volume (3M)4.31M
Market Cap
$488.11M
Enterprise Value$876.38M
Total Cash (Recent Filing)C$194.92M
Total Debt (Recent Filing)C$560.95M
Price to Earnings (P/E)―
Beta2.64
Next Earnings
Nov 08, 2024EPS Estimate
-$0.36Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-7.08
Shares Outstanding102,459,089
10 Day Avg. Volume8,397,238
30 Day Avg. Volume4,305,936
Standard Deviation0.33
R-Squared0.02
Alpha-0.03
Financial Highlights & Ratios
Price to Book (P/B)0.85
Price to Sales (P/S)2.77
Price to Cash Flow (P/CF)-3.80
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
$5.97Price Target Upside35.37% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering3
Canopy Growth News
Bulls Say, Bears Say
Bulls Say
Cost ManagementSignificant reductions in cost of goods sold and administrative expenses highlight effective cost-cutting measures.
Financial PerformanceAn improved gross margin of 35% indicates a strong commitment to profitable sales growth over simply gaining market share.
Strategic ShiftTransitioning to an asset-light model supports enhanced margins and improved product quality.
Bears Say
Cash Flow IssuesFree cash flow was an outflow of C$56mn, albeit improving 49% YoY.
Financial PerformanceCanopy reported 1Q25 net sales of C$66.2mn, -13% on a reported basis or -3% excluding divestitures.
Valuation ConcernsCurrent EV/sales (3.6x) is at a significant premium to the average (0.9x) of its Canadian peers despite a spotty operational track record.
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Ownership Overview
1.46% Insiders
0.03% Mutual Funds
0.88% Other Institutional Investors
94.02% Public Companies and Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
Sorry, No Data AvailableThere is no website visitor data available for this stock.
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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 $14.92 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 Nov 08, 2024 which is tomorrow.
How were Canopy Growth’s earnings last quarter?
Canopy Growth released its earnings results on Aug 09, 2024. The company reported -$1.151 earnings per share for the quarter, missing the consensus estimate of -$0.328 by -$0.823.
Is Canopy Growth overvalued?
According to Wall Street analysts Canopy Growth’s price is currently Undervalued.
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 -$0.36.
How many shares outstanding does Canopy Growth have?
Canopy Growth has 84,856,026 shares outstanding.
What happened to Canopy Growth’s price movement after its last earnings report?
Canopy Growth reported an EPS of -$1.151 in its last earnings report, missing expectations of -$0.328. Following the earnings report the stock price went down -7.948%.
Which hedge fund is a major shareholder of Canopy Growth?
Among the largest hedge funds holding Canopy Growth’s share is Farallon Capital Management, L.L.C.. It holds Canopy Growth’s shares valued at 194K.
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Canopy Growth Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Sell
Average Price Target:
$5.97 (35.37% Upside)
$5.97 (35.37% Upside)
Blogger Sentiment
Neutral
CGC Sentiment 53%
Sector Average 72%
Sector Average 72%
Hedge Fund Trend
Increased
By 30.0K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $938.8K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days ▼ 1.7%
Last 30 Days ▲ 0.5%
Last 30 Days ▲ 0.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-24.30%
12-Months-Change
Fundamentals
Return on Equity
-86.35%
Trailing 12-Months
Asset Growth
-43.22%
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
Q1 2024
0:00 / 0:00
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CGC Stock 12 Month Forecast
Average Price Target
$5.97
▲(35.37% Upside)
Technical Analysis
Best Analysts Covering CGC
1 Year
1 Year Success Rate
11/16 ratings generated profit
1 Year Average Return
+22.26%
reiterated a sell rating 3 months ago
Copying Lisa Lewandowski's trades and holding each position for 1 Year would result in 68.75% of your transactions generating a profit, with an average return of +22.26% per trade.
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