Canopy Growth Corporation (CGC) saw downtrend of -1.44% in the recent trading with $1.37 being its most recent. The current price level -76.38% lower than the highest price of $5.80 marked by the stock while trading over the past 52-weeks, whereas it is 77.92% higher than the lowest price of $0.77 the company dropped to over past 52-weeks. The latest news story on CGC appeared in (Insider Monkey) under the title “Canopy Growth (CGC) Launches $200M Cross-Border Equity Program”.
Do analysts rate it as a buy, sell or hold?
Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Hold by 4 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 3.33 for the stock.
Canopy Growth Corporation Earnings – What Happened With CGC
Coming around sales and income figures on CGC Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. Canopy Growth Corporation (CGC) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of -279.86% for net revenue.
CGC – Canopy Growth Corporation Stock Earnings Estimates
The perspective of Canopy Growth Corporation (NASDAQ:CGC)’s current quarter earnings identifies that analysts are in consensus over the estimate of -0.32 for stock’s EPS in the current quarter. Canopy Growth Corporation (CGC) last released financial results for the quarter that ended 9/30/2024, posting a surprise factor of -279.86% for net revenue. Company’s EPS for the last quarter was -1.23.
Canopy Growth Corporation – Insider Activity and Holdings
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 311.99 million. CGC does have institutional investors; and they hold 5.95% of the stock.
As on 2024-06-30, SUSQUEHANNA INTERNATIONAL GROUP, LLP was the top most holder in Canopy Growth Corporation (NASDAQ:CGC) with an ownership of 3.56 million shares of the company or 4.4929 of the stake worth $22.96 million. The filing also reveals TOROSO INVESTMENTS, LLC as the second largest holder in the company with a control over 2.7153 of the outstanding shares. Its stake is worth $13.88 million for having 2.15 million shares in hand.
CITADEL ADVISORS LLC also came holding a key position in the company during the recent quarter and it now holds 1.9247 of the outstanding shares. With this there are now 246.0 institutions which have possession in CGC’s shares.
Key Metrics for CGC
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Canopy Growth Corporation has a debt to equity ratio of 0.67.
