Canopy Growth Corporation saw a rather consistency, in terms of market performance. The company’s stock reached its highest point at $19.20 on 09/12/23, while the lowest price for the same duration was marked at $2.76 on 03/14/24.
52-week price history of CGC Stock
A stock’s 52-week high and low prices can reveal much about its current status and future trajectory. Canopy Growth Corporation’s current trading price is -60.18% away from its 52-week high, while its distance from the 52-week low is 177.50%. The stock’s price range during this period has spanned from $2.76 to $19.20. In the Healthcare sector, the Canopy Growth Corporation’s shares surpassed a trading volume of approximately 2.62 million for the day, which was noticeably lower compared to the average daily volume of 9.17.18 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Canopy Growth Corporation (CGC) has experienced a quarterly rise of 158.28% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 582.55M and boasts a workforce of 1029 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 6.69, with a change in price of +3.31. Similarly, Canopy Growth Corporation recorded 12,033,622 in trading volume during the last 100 days, posting a change of +75.74%.
Examining CGC’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for CGC stands at 1.37. Similarly, the long-term debt-to-equity ratio is also 1.10.
CGC Stock Stochastic Average
Today’s raw stochastic average for Canopy Growth Corporation over the last 50 days is 18.00%.This indicates a increase from the raw stochastic average of the past 20 days, which was 17.50%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 12.61% and 8.41%, respectively.
CGC Stock Price Performance Analysis
The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. This year’s metric has recorded a Price increase of 49.61%. However, over the past six months, we’ve seen a weaker performance of 4.25%. The price of CGC leaped by -18.50% over the last 30 days. And in the last five days, it has fallen by -2.11%.
