The stock price performance for the year has been a mixed bag, indicating either a pessimistic or optimistic outlook depending on how you look at it. Year to date metric has recorded a gain of 68.88%.However, over the last six months, we can see a stronger performance of -3.03%. Over the last 30 days, the price of CGC has fallen by 156.85%. And in the last five days, it has surged by 89.25%.
Canopy Growth Corporation experienced a rather shaky stock market performance. The highest value in the past year was recorded at $19.20 on 09/12/23 and the lowest value was $2.76 on 03/14/24.
52-week price history of CGC Stock
Analyzing a stock’s 52-week high and low prices can offer important information about its present condition and future outlook. Canopy Growth Corporation’s current trading price is -55.05% away from its 52-week high, while its distance from the 52-week low is 213.25%. The stock’s price range during this period has varied between$2.76 and $19.20. The Canopy Growth Corporation’s shares, which operate in the Healthcare, saw a trading volume of around 48.67 million for the day, a figure considerably higher than their average daily volume of 6.96 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Canopy Growth Corporation (CGC) has experienced a quarterly rise of 65.64% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 786.28M and boasts a workforce of 1621 employees.
Combining Moving Average and Trading Volume Data for Better Market Insight
Based on Barchart.com data, the company’s moving average over the 100-day period was 4.88, with a change in price of +2.71. Similarly, Canopy Growth Corporation recorded 5,913,202 in trading volume during the last 100 days, posting a change of +45.78%.
CGC’s Debt-to-Equity Ratio Cause for Concern? An In-Depth Look
The debt-to-equity (D/E) ratio is a significant metric that provides insights into a company’s financial state and market presence. By dividing a company’s current liabilities by its shareholders’ equity, the D/E ratio depicts the extent of debt used by a company to fund its assets relative to the value of 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
Canopy Growth Corporation’s raw stochastic average for the past 50 days is presently 79.66%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 79.66%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 86.72% and 83.12%, respectively.
