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Canopy Growth Corporation’s Mixed Bag: Down -34.31% in 6 Months, Down 249.08% in 30 Days

Canopy Growth Corporation (CGC) has a current stock price of $1.34. During the previous trading session, the stock witnessed a notable rise, reaching a high of $1.48 after opening at $1.12. The stock’s low for the day was $1.11, and it eventually closed at $1.25.

Canopy Growth Corporation had a pretty Dodgy run when it comes to the market performance. Over the past year, the company’s stock reached a high of $4.77 on 12/05/22, while the lowest price during the same period was $0.35 on 07/17/23.

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52-week price history of CGC Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. Canopy Growth Corporation’s current trading price is -71.91% away from its 52-week high, while its distance from the 52-week low is 287.31%. The stock’s price range for this period has remained between $0.35 and $4.77. The Healthcare sector company’s shares managed to surpass a trading volume of around 90.17 million for the day, which was noticeably higher compared to the shares’ average daily volume of 48.06 million over the last three months.

Financial Performance and Market Capitalization

Canopy Growth Corporation (CGC) has experienced a quarterly rise of 107.03% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 961.22M and boasts a workforce of 1621 employees.

Analysts’ Ratings For Canopy Growth Corporation

As of right now, 1 analyst is rating Canopy Growth Corporation as a BUY, 0 of the polled analysts branded the stock as an OVERWEIGHT, 7 analysts are recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 6 analysts are rating the stock as SELL.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.7218, with a change in price of +0.0887. Similarly, Canopy Growth Corporation recorded 34,696,363 in trading volume during the last 100 days, posting a change of +6.72%.

CGC Stock Stochastic Average

As of today, the raw stochastic average of Canopy Growth Corporation over the last 50 days is at 67.52%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 66.77%. Further, the company’s Stochastic %K and %D values for the last 20 days were 57.95% and 61.01%, respectively.

CGC Stock Price Performance Analysis

Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. The index has shown a price loss of -41.99% this year. Over the last six months, there has been a stronger performance of -34.31%. The price of CGC fallen by 249.08% during the last 30 days period. For the last 5-days stocks have improved 43.82%.

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