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Canopy Growth (CGC)
NASDAQ:CGC
Holding CGC?
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CGC Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$2.70 - $14.92
Previous Close$2.83
Volume8.91M
Average Volume (3M)5.73M
Market Cap
$348.10M
Enterprise Value$603.80M
Total Cash (Recent Filing)C$194.92M
Total Debt (Recent Filing)C$560.95M
Price to Earnings (P/E)―
Beta2.00
Next Earnings
Feb 06, 2025EPS Estimate
-$0.36Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-4.94
Shares Outstanding102,459,089
10 Day Avg. Volume4,341,083
30 Day Avg. Volume5,731,836
Standard Deviation0.34
R-Squared0.02
Alpha-0.03
Financial Highlights & Ratios
Price to Book (P/B)0.54
Price to Sales (P/S)1.39
Price to Cash Flow (P/CF)-1.90
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
$3.14Price Target Upside10.95% Upside
Rating ConsensusModerate Sell
Number of Analyst Covering2
Canopy Growth News
Bulls Say, Bears Say
Bulls Say
Cost ManagementSignificant cost cutting efforts are visible with a 31% reduction in cost of goods sold and a 24% decrease in selling, general, and administrative costs.
Financial PerformanceCanopy reports an improved 35% gross margin, showcasing a focus on profitable sales growth rather than just increasing market share.
Strategic OperationsThe shift to an asset-light model is contributing to better margins and enhancing product quality.
Bears Say
Cash FlowThere was a free cash flow outflow of C$56 million, which could indicate potential liquidity issues.
Sales PerformanceNet sales have decreased by 13% on a reported basis, indicating a decline in revenue generation.
ValuationThe current EV/sales ratio of 3.6x is significantly higher than the average of its Canadian peers, suggesting the stock may be overvalued.
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Ownership Overview
0.81% Insiders
0.03% Mutual Funds
1.59% Other Institutional Investors
94.26% 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 $2.70 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 Feb 06, 2025 which is in 47 days.
How were Canopy Growth’s earnings last quarter?
Canopy Growth released its earnings results on Nov 08, 2024. The company reported -$1.034 earnings per share for the quarter, missing the consensus estimate of -$0.349 by -$0.685.
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 101,575,550 shares outstanding.
What happened to Canopy Growth’s price movement after its last earnings report?
Canopy Growth reported an EPS of -$1.034 in its last earnings report, missing expectations of -$0.349. Following the earnings report the stock price went down -6.813%.
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 145K.
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Canopy Growth Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Moderate Sell
Average Price Target:
$3.14 (10.95% Upside)
$3.14 (10.95% Upside)
Blogger Sentiment
Neutral
CGC Sentiment 50%
Sector Average 70%
Sector Average 70%
Insider Transactions
Sold Shares
Worth $44.4K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▼ 1.9%
Last 30 Days ▲ 40.4%
Last 30 Days ▲ 40.4%
News Sentiment
Very Bearish
Bullish news 0%
Bearish news 100%
Bearish news 100%
Technicals
SMA
Negative
20 days / 200 days
Momentum
-41.04%
12-Months-Change
Fundamentals
Return on Equity
-92.35%
Trailing 12-Months
Asset Growth
-26.07%
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
Q2 2024
0:00 / 0:00
Earnings Call Sentiment|Neutral
The earnings call highlighted significant growth in high-margin businesses like Storz & Bickel and medical cannabis, alongside improved gross margins and progress towards positive adjusted EBITDA. However, these positive developments were offset by declines in the Canadian adult-use segment and challenges in the Australian market, as well as cash flow outflows and delayed growth in Acreage Holdings.Read More>---
CGC Stock 12 Month Forecast
Average Price Target
$3.14
▲(10.95% Upside)
Technical Analysis
Best Analysts Covering CGC
1 Year
1 Year Success Rate
15/17 ratings generated profit
1 Year Average Return
+38.87%
reiterated a sell rating last month
Copying Lisa Lewandowski's trades and holding each position for 1 Year would result in 88.24% of your transactions generating a profit, with an average return of +38.87% per trade.
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