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. This year’s metric has recorded a Price increase of 6.46%. However, over the past six months, we’ve seen a stronger performance of -38.95%. The price of CGC fallen by 20.35% over the last 30 days. And in the last five days, it has surged by 22.52%.
The market performance of Canopy Growth Corporation’s stock has been harmonious in recent times. Over the last year, the company’s stock reached its highest point at $14.92 on 04/30/24, while the lowest value for the same duration was $2.76 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 -63.54% away from its 52-week high, while its distance from the 52-week low is 97.46%. 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 11.1 million for the day, a figure considerably higher than their average daily volume of 3.75 million over last three months.
Market Capitalization vs. Financial Performance: A Comparative Study
Canopy Growth Corporation (CGC) has experienced a quarterly decline of -26.09% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 461.64M 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 5.92, with a change in price of -2.37. Similarly, Canopy Growth Corporation recorded 3,839,824 in trading volume during the last 100 days, posting a change of -30.35%.
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 48.70%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 93.81%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 81.38% and 73.82%, respectively.
