The stock price’s performance over the year has been unpredictable, resulting in a mix of pessimistic and optimistic outlooks among investors. Year to date metric has recorded a loss of -0.99%.However, over the last six months, we can see a weaker performance of 36.38%. Over the last 30 days, the price of CGC has leaped by -28.13%. And in the last five days, it has surged by 5.41%.
Canopy Growth Corporation’s market performance has been unstable in recent times. The company’s stock hit a 1-year high of $14.92 on 04/30/24 and a low of $2.76 for the same time frame on 03/14/24.
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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 -66.09% away from its 52-week high, while its distance from the 52-week low is 83.65%. The stock’s price range during this period has varied between$2.76 and $14.92. The Canopy Growth Corporation’s shares, which operate in the Healthcare, saw a trading volume of around 1.53 million for the day, a figure considerably lower than their average daily volume of 3.29 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Canopy Growth Corporation (CGC) has experienced a quarterly decline of -29.92% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 429.36M and boasts a workforce of 1029 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 7.35, with a change in price of -3.96. Similarly, Canopy Growth Corporation recorded 6,835,718 in trading volume during the last 100 days, posting a change of -44.15%.
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 1.17. 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 13.53%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 25.21%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 18.70% and 14.45%, respectively.
