The 52-week high and low prices can offer valuable insights into a stock’s current standing and prospects for future performance. Canopy Growth Corporation’s current trading price is -62.77% away from its 52-week high, while its distance from the 52-week low is 101.63%. The stock’s price range for this period has been between $2.76 and $14.92 The company’s shares, which are part of the Healthcare sector, had a trading volume of approximately 7.98 million for the day, a number notably higher than the average daily volume of 4.05 million over the last three months.
In terms of market performance, Canopy Growth Corporation had a fairly uneven. The highest value for the stock in the past year was $14.92 on 04/30/24, and the lowest value was recorded at $2.76 on 03/14/24.
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Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Canopy Growth Corporation (CGC) has experienced a quarterly decline of -13.34% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 913.11M and boasts a workforce of 1029 employees.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 5.79, with a change in price of -1.91. Similarly, Canopy Growth Corporation recorded 3,924,093 in trading volume during the last 100 days, posting a change of -25.10%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to 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 75.98%. This is a decline compared to the raw stochastic average of the previous 20 days, which was noted at 94.10%. Furthermore, the company’s Stochastic %K and %D values for the past 20 days were 62.56% and 57.04%, respectively.
CGC Stock Price Performance Analysis
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. The metric has seen a significant gain of 8.71% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -42.85%. Over the past 30 days, the price of CGC has fallen by 25.68%. And in the last five days, it has surged by 2.87%.
