Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Canopy Growth Corporation’s current trading price is -88.54% away from its 52-week high, while its distance from the 52-week low is -2.29%. The stock’s price range during this period has varied between $1.75 and $14.92. The company, active in the Healthcare sector, saw a trading volume of around 9.41 million for the day, considerably higher average daily volume of 6.56 million observed over the last three months.
Canopy Growth Corporation’s stock has seen a rocky market performance. The company’s stock achieved a 1-year high of $14.92 on 04/30/24, and the lowest price during that time was $1.75, recorded on 02/18/25.
How Financial Performance Impacts Market Capitalization
Canopy Growth Corporation (CGC) has experienced a quarterly decline of -56.60% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 245.11M and boasts a workforce of 1029 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 3.4650, with a change in price of -2.8600. Similarly, Canopy Growth Corporation recorded 6,565,603 in trading volume during the last 100 days, posting a change of -62.58%.
How CGC’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for CGC stands at 0.83. Similarly, the long-term debt-to-equity ratio is also 0.79.
CGC Stock Stochastic Average
As of today, the raw stochastic average of Canopy Growth Corporation over the past 50 days is 0.00%. This is a increase compared to the raw stochastic average of the last 20 days, which was recorded at 0.00%. Additionally, the Stochastic %K and %D values for the company were 12.17% and 11.21%, respectively, over the past 20 days.
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. This year’s metric has recorded a Price decrease of -37.59%. However, over the past six months, we’ve seen a stronger performance of -75.50%. The price of CGC leaped by -24.00% over the last 30 days. And in the last five days, it has fallen by -12.98%.
