In yesterday’s Wall Street session, Canopy Growth Corporation (NASDAQ:CGC) shares traded at $4.41, down -8.51% from the previous session.
CGC stock price is now -25.00% away from the 50-day moving average and -29.70% away from the 200-day moving average. The market capitalization of the company currently stands at $374.23M.
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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, Klein David Eric, Chief Executive Officer sold 40,135 shares of the company’s stock on Aug 22 ’24. The stock was sold for $335,127 at an average price of $8.35. Upon completion of the transaction, the Chief Executive Officer now directly owns 360,829 shares in the company, valued at $1.59 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 22 ’24, Gedeon Christelle sold 16,788 shares of the business’s stock. A total of $140,180 was realized by selling the stock at an average price of $8.35. This leaves the insider owning 128,435 shares of the company worth $0.57 million. A total of 0.84% 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 $14.92. As of last week, the company has a debt-to-equity ratio of 1.17, a current ratio of 2.15, and a quick ratio of 1.64. The fifty day moving average price for CGC is $5.8013 and a two-hundred day moving average price translates $6.267825 for the stock.
The latest earnings results from Canopy Growth Corporation (NASDAQ: CGC) was released for 2024-06-30. The net profit margin was -260.37% and return on equity was -86.35% for CGC. The company reported revenue of $48.38 million for the quarter, compared to $80.87 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -40.17 percent.
