Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Canopy Growth Corporation’s current trading price is -85.02% away from its 52-week high, while its distance from the 52-week low is 40.26%. The stock’s price range over this period has fluctuated between $0.77 and $7.21. The company, operating within the financial sector, had a trading volume of approximately 5.25 million for the day, which was noticeably lower than the average daily share volume of 8.73 million over the last 3 months.
Canopy Growth Corporation (CGC) stock is currently valued at $1.08. During the last session, the stock experienced a remarkable rise, reaching $3.8 after opening at $1.08. The stock briefly dropped to $3.8 before ultimately closing at $1.1.
In terms of market performance, Canopy Growth Corporation had a fairly uneven.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Canopy Growth Corporation (CGC) has experienced a quarterly decline of -14.96% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 217.47M and boasts a workforce of 960 employees.
Canopy Growth Corporation: What Analysts Are Saying
As of right now, 0 analyst is rating Canopy Growth Corporation as a BUY, 1 of the polled analysts branded the stock as an OVERWEIGHT, 4 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 2 analysts are rating the stock as SELL.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 1.2499, with a change in price of -0.0400. Similarly, Canopy Growth Corporation recorded 8,154,007 in trading volume during the last 100 days, posting a change of -3.57%.
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 0.72. Similarly, the long-term debt-to-equity ratio is also 0.67.
CGC Stock Stochastic Average
Today, Canopy Growth Corporation’s raw stochastic average for the past 50 days stands at 7.69%, indicating a decline from the raw stochastic average of the last 20 days, which was 21.88%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 20.83% and 15.54% respectively.
CGC Stock Price Performance Analysis
A mixed performance in the stock price over the year has left investors unsure of what to expect, resulting in a range of outlooks from optimistic to pessimistic. Until today this year the stock’s price performance recorded a decrease of -84.05%. However, over the last six months, the performance has been stronger by -45.18%. The price of CGC decreased -10.00% over the last 30 days. And in the last five days, it has surged by 5.88%.
