In yesterday’s Wall Street session, Canopy Growth Corporation (NASDAQ:CGC) shares traded at $2.81, down -2.09% from the previous session.
CGC stock price is now -29.93% away from the 50-day moving average and -54.68% away from the 200-day moving average. The market capitalization of the company currently stands at $277.26M.
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, Kruh Willy, Director sold 1,995 shares of the company’s stock on Sep 30 ’24. The stock was sold for $9,875 at an average price of $4.95. Upon completion of the transaction, the Director now directly owns 13,288 shares in the company, valued at $37339.28. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 30 ’24, Director Yanofsky Theresa sold 1,987 shares of the business’s stock. A total of $9,836 was realized by selling the stock at an average price of $4.95. This leaves the insider owning 24,199 shares of the company worth $67999.19. A total of 0.74% of the company’s stock is owned by insiders.
During the past 12 months, Canopy Growth Corporation has had a low of $2.70 and a high of $14.92. As of last week, the company has a debt-to-equity ratio of 1.20, a current ratio of 1.39, and a quick ratio of 1.07. The fifty day moving average price for CGC is $4.038 and a two-hundred day moving average price translates $6.201025 for the stock.
The latest earnings results from Canopy Growth Corporation (NASDAQ: CGC) was released for 2024-09-30. The net profit margin was -201.09% and return on equity was -92.35% for CGC. The company reported revenue of $46.17 million for the quarter, compared to $51.87 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.98 percent.
