Canopy Growth Corporation ‘s stock market performance has been somewhat erratic. The company’s stock reached a 1-year high price of $14.92 on 04/30/24, while the lowest value for the same period was recorded 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 -76.27% away from its 52-week high, while its distance from the 52-week low is 28.49%. The stock’s price range during this period has spanned from $2.76 to $14.92. In the Healthcare sector, the Canopy Growth Corporation’s shares surpassed a trading volume of approximately 3.29 million for the day, which was noticeably lower compared to the average daily volume of 9.5.21 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 decline of -27.31% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 359.59M 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 5.26, with a change in price of -2.94. Similarly, Canopy Growth Corporation recorded 4,673,372 in trading volume during the last 100 days, posting a change of -45.27%.
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 1.20. Similarly, the long-term debt-to-equity ratio is also 0.85.
CGC Stock Stochastic Average
Today’s raw stochastic average for Canopy Growth Corporation over the last 50 days is 2.07%.This indicates a decrease from the raw stochastic average of the past 20 days, which was 2.26%. Moreover, the company’s Stochastic %K and %D values for the last 20 days were 7.05% and 9.83%, respectively.
CGC Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been split, with some feeling optimistic and others feeling pessimistic, as it’s been a mixed bag. Year to date metric has recorded a loss of -30.72%.However, over the last six months, we can see a stronger performance of -54.67%. Over the last 30 days, the price of CGC has leaped by -27.16%. And in the last five days, it has fallen by -14.70%.
