The stock of Canopy Growth Corporation (NASDAQ:CGC) last traded at $3.83, up 3.23% from the previous session.
CGC stock price is now -2.66% away from the 50-day moving average and -30.61% away from the 200-day moving average. The market capitalization of the company currently stands at $348.95M.
On November 02, 2022, Bernstein recently initiated its ‘Underperform’ rating on the stock quoting a target price of $1.50, while ‘Canaccord Genuity’ rates the stock as ‘Hold’
In other news, Lazzarato David Angelo, Director sold 3,713 shares of the company’s stock on Dec 29 ’23. The stock was sold for $24,803 at an average price of $6.68. Upon completion of the transaction, the Director now directly owns 17,042 shares in the company, valued at $65270.86. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 29 ’23, Director Yanofsky Theresa sold 3,697 shares of the business’s stock. A total of $24,696 was realized by selling the stock at an average price of $6.68. This leaves the insider owning 17,501 shares of the company worth $67028.83. A total of 18.90% of the company’s stock is owned by insiders.
During the past 12 months, Canopy Growth Corporation has had a low of $2.76 and a high of $20.20. As of last week, the company has a debt-to-equity ratio of 1.27, a current ratio of 1.79, and a quick ratio of 1.40. The fifty day moving average price for CGC is $3.9348 and a two-hundred day moving average price translates $5.5195 for the stock.
The latest earnings results from Canopy Growth Corporation (NASDAQ: CGC) was released for Dec, 2023. The net profit margin was -385.67% and return on equity was -113.86% for CGC. The company reported revenue of $57.65 million for the quarter, compared to $74.62 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -22.74 percent. For the current quarter, analysts expect CGC to generate $53.08M in revenue.
