The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Canopy Growth Corporation’s current trading price is -61.55% away from its 52-week high, while its distance from the 52-week low is 179.13%. The stock’s price range for this period has been between $2.76 and $20.00 The company’s shares, which are part of the Healthcare sector, had a trading volume of approximately 65.94 million for the day, a number notably higher than the average daily volume of 3.74 million over the last three months.
Canopy Growth Corporation saw a rather unpredictable run in, in terms of market performance. The company’s stock reached its highest point at $20.00 on 03/23/23, while the lowest price for the same duration was marked at $2.76 on 03/14/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Canopy Growth Corporation (CGC) has experienced a quarterly rise of 60.21% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 700.64M and boasts a workforce of 1621 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 4.79, with a change in price of +2.62. Similarly, Canopy Growth Corporation recorded 4,007,165 in trading volume during the last 100 days, posting a change of +51.77%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for CGC stands at 1.27. Similarly, the long-term debt-to-equity ratio is also 1.08.
CGC Stock Stochastic Average
As of today, Canopy Growth Corporation’s raw stochastic average for the last 50 days stands at 94.27%. This is a rise compared to the raw stochastic average of the previous 20 days, which was noted at 94.27%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 91.74% and 86.71%, respectively.
CGC Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors with either an optimistic or pessimistic outlook, depending on their point of view. The index has shown a price gain of 50.49% this year. Over the last six months, there has been a weaker performance of 0.23%. The price of CGC fallen by 128.19% during the last 30 days period. For the last 5-days stocks have improved 149.68%.
