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Canopy Growth (CGC)
NASDAQ:CGC
Canopy Growth (CGC) Stock Price & Analysis
10,556 Followers
CGC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$2.76 - $19.19
Previous Close$6.49
Volume1.53M
Average Volume (3M)10.56M
Market Cap
$649.03M
Enterprise Value$964.31M
Total Cash (Recent Filing)C$203.46M
Total Debt (Recent Filing)C$597.23M
Price to Earnings (P/E)―
Beta2.74
Next Earnings
Aug 13, 2024EPS Estimate
-$0.33Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-6.43
Shares Outstanding102,459,089
10 Day Avg. Volume3,115,089
30 Day Avg. Volume10,563,062
Standard Deviation0.33
R-Squared0.02
Alpha-0.03
Financial Highlights & Ratios
Price to Book (P/B)2.72
Price to Sales (P/S)12.95
Price to Cash Flow (P/CF)-10.90
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
$6.83Price Target Upside7.73% Upside
Rating ConsensusHold
Number of Analyst Covering8
Canopy Growth News
Bulls Say, Bears Say
Bulls Say
Management StrategyManagement is focusing on profitable growth versus chasing market share and anticipates stronger growth.
Market ExpansionInternational sales are anticipated to benefit from expansion of Germany’s cannabis medical programs.
Regulatory DevelopmentsRecent regulatory developments in Germany and the US federal government's steps to ease cannabis regulations could help attract investors.
Bears Say
Industry PerformanceContinued lackluster Canadian industry sales growth and lingering promotional activity.
Sales ForecastReducing sales forecasts modestly.
ValuationCurrent EV/sales (3.6x) at a significant premium to the average (1.2x) 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 38 days.
How were Canopy Growth’s earnings last quarter?
Canopy Growth released its earnings results on May 30, 2024. The company reported -$0.75 earnings per share for the quarter, missing the consensus estimate of -$0.322 by -$0.427.
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 -$0.33.
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 -$0.75 in its last earnings report, missing expectations of -$0.322. 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
Unlock Smart Score
1
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10
Analyst Consensus
Hold
Average Price Target:
$6.83 (7.73% Upside)
$6.83 (7.73% Upside)
Blogger Sentiment
Neutral
CGC Sentiment 53%
Sector Average 71%
Sector Average 71%
Insider Transactions
Sold Shares
Worth $223.7K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.4%
Last 30 Days ▼ 2.0%
Last 30 Days ▼ 2.0%
News Sentiment
Very Bearish
Bullish news 0%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Positive
20 days / 200 days
Momentum
10.01%
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
$6.83
▲(7.73% Upside)
Technical Analysis
Best Analysts Covering CGC
1 Year
1 Year Success Rate
9/15 ratings generated profit
1 Year Average Return
+15.13%
reiterated a sell rating 9 days ago
Copying Lisa Lewandowski's trades and holding each position for 1 Year would result in 60.00% of your transactions generating a profit, with an average return of +15.13% per trade.
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