Canopy Growth Corporation (NASDAQ:CGC) shares traded -2.34% lower at $1.67 on Wall Street last session.
CGC stock price is now -33.94% away from the 50-day moving average and -68.18% away from the 200-day moving average. The market capitalization of the company currently stands at $239.38M.
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 2,004 shares of the company’s stock on Dec 31 ’24. The stock was sold for $5,351 at an average price of $2.67. Upon completion of the transaction, the Director now directly owns 11,284 shares in the company, valued at $18844.28. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 31 ’24, Director Yanofsky Theresa sold 1,996 shares of the business’s stock. A total of $5,329 was realized by selling the stock at an average price of $2.67. This leaves the insider owning 22,203 shares of the company worth $37079.01. A total of 0.57% of the company’s stock is owned by insiders.
During the past 12 months, Canopy Growth Corporation has had a low of $1.71 and a high of $14.92. As of last week, the company has a debt-to-equity ratio of 0.83, a current ratio of 3.52, and a quick ratio of 2.58.
The net profit margin was -169.60% and return on equity was -84.50% for CGC. The company reported revenue of $53.39 million for the quarter, compared to $57.65 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.39 percent.
