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Canopy Growth Corporation (CGC) Stock: Navigating a Year of Stock Volatility

Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Canopy Growth Corporation’s current trading price is -76.10% away from its 52-week high, while its distance from the 52-week low is 229.48%. The stock’s price range over this period has fluctuated between $0.35 and $4.77. The company, operating within the financial sector, had a trading volume of approximately 68.02 million for the day, which was noticeably higher than the average daily share volume of 49.79 million over the last 3 months.

The stock of Canopy Growth Corporation (CGC) is currently priced at $1.14. In the last session, the stock climbed significantly, topping out at $1.23 after opening at $1.175. The day’s lowest price was $1.10 before the stock closed at $1.35.

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Canopy Growth Corporation experienced a rather shaky stock market performance. The highest value in the past year was recorded at $4.77 on 12/05/22 and the lowest value was $0.35 on 07/17/23.

Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis

Canopy Growth Corporation (CGC) has experienced a quarterly rise of 80.98% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 817.69M and boasts a workforce of 1621 employees.

Canopy Growth Corporation: What Analysts Are Saying

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.

Analyzing Trading Volume and Moving Average Trends

Based on Barchart.com data, the company’s moving average over the 100-day period was 0.7198, with a change in price of -0.1400. Similarly, Canopy Growth Corporation recorded 35,670,918 in trading volume during the last 100 days, posting a change of -10.94%.

CGC Stock Stochastic Average

Today, Canopy Growth Corporation’s raw stochastic average for the past 50 days stands at 50.44%, indicating a rise from the raw stochastic average of the last 20 days, which was 49.30%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 56.24% and 56.46% respectively.

CGC Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The metric has seen a significant loss of -50.65% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -43.00%. Over the past 30 days, the price of CGC has fallen by 176.63%. And in the last five days, it has fallen by -32.54%.

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