The stock of Canopy Growth Corporation (NASDAQ:CGC) last traded at $7.36, up 3.08% from the previous session.
CGC stock price is now -8.27% away from the 50-day moving average and 15.93% away from the 200-day moving average. The market capitalization of the company currently stands at $560.83M.
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On November 02, 2022, Bernstein recently initiated its ‘Underperform’ rating on the stock quoting a target price of $1.50, while ‘Canaccord Genuity’ rates the stock as ‘Hold’
In other news, Lazzarato David Angelo, Director sold 2,986 shares of the company’s stock on Jun 28 ’24. The stock was sold for $19,140 at an average price of $6.41. Upon completion of the transaction, the Director now directly owns 31,889 shares in the company, valued at $0.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 28 ’24, Director Mongeau Luc sold 2,012 shares of the business’s stock. A total of $12,897 was realized by selling the stock at an average price of $6.41. This leaves the insider owning 15,276 shares of the company worth $0.11 million. A total of 35.42% of the company’s stock is owned by insiders.
During the past 12 months, Canopy Growth Corporation has had a low of $2.76 and a high of $19.20. As of last week, the company has a debt-to-equity ratio of 1.34, a current ratio of 1.58, and a quick ratio of 1.25. The fifty day moving average price for CGC is $7.9638 and a two-hundred day moving average price translates $6.34075 for the stock.
The latest earnings results from Canopy Growth Corporation (NASDAQ: CGC) was released for 2024-03-31. The net profit margin was -199.29% and return on equity was -81.30% for CGC. The company reported revenue of $29.88 million for the quarter, compared to $53.63 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -44.29 percent.
