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 44.23%. However, over the past six months, we’ve seen a weaker performance of 61.62%. The price of CGC fallen by 10.49% over the last 30 days. And in the last five days, it has fallen by -11.74%.
In terms of market performance, Canopy Growth Corporation had a somewhat regular. The highest value for the stock in the past year was $19.20 on 09/12/23, while the lowest value was $2.76 on 03/14/24.
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52-week price history of CGC Stock
A stock’s 52-week price history, including the low and high prices, can offer valuable insights into its current standing and future prospects. Canopy Growth Corporation’s current trading price is -61.62% away from its 52-week high, while its distance from the 52-week low is 167.51%. The stock’s price range over this timeframe has been between $2.76 and $19.20. The shares of the Healthcare sector company recorded a trading volume of approximately 1.63 million for the day, which was comparatively lower than the average daily volume of 8.96 million over the last three months.
The Connection Between Financial Performance and Market Capitalization
Canopy Growth Corporation (CGC) has experienced a quarterly decline of -17.29% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 561.59M and boasts a workforce of 1029 employees.
How Moving Averages and Trading Volume Data Work Together
Based on Barchart.com data, the company’s moving average over the 100-day period was 7.61, with a change in price of +4.50. Similarly, Canopy Growth Corporation recorded 12,208,042 in trading volume during the last 100 days, posting a change of +155.71%.
CGC’s Debt-to-Equity Ratio: A Comprehensive Review
A key metric for assessing a company’s financial well-being and market status is the debt-to-equity (D/E) ratio. This ratio is derived by dividing a company’s total liabilities by its shareholders’ equity, and it demonstrates the level of debt a company uses to support its assets relative to shareholder equity. At the time of writing, the total D/E ratio for CGC stands at 1.34. Similarly, the long-term debt-to-equity ratio is also 1.10.
CGC Stock Stochastic Average
Canopy Growth Corporation’s raw stochastic average for the past 50 days is currently at 22.45%. This represents a fall from the raw stochastic average of the last 20 days, which was recorded at 51.16%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 47.03% and 50.30%, respectively.
