Canopy Growth Corporation (NASDAQ:CGC) shares traded 24.09% higher at $1.70 on Wall Street last session.
CGC stock price is now 30.63% away from the 50-day moving average and -40.20% away from the 200-day moving average. The market capitalization of the company currently stands at $308.40M.
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, Yanofsky Theresa, Director sold 2,004 shares of the company’s stock on Mar 31 ’25. The stock was sold for $1,844 at an average price of $0.92. Upon completion of the transaction, the Director now directly owns 20,199 shares in the company, valued at $34338.3. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 31 ’25, Director Lazzarato David Angelo sold 3,004 shares of the business’s stock. A total of $2,764 was realized by selling the stock at an average price of $0.92. This leaves the insider owning 22,886 shares of the company worth $38906.2. A total of 0.51% of the company’s stock is owned by insiders.
During the past 12 months, Canopy Growth Corporation has had a low of $0.77 and a high of $8.65. As of last week, the company has a debt-to-equity ratio of 0.72, a current ratio of 3.12, and a quick ratio of 2.10.
The net profit margin was -221.36% and return on equity was -122.10% for CGC. The company reported revenue of $45.38 million for the quarter, compared to $29.88 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 51.87 percent.
