Canopy Growth Corporation (NASDAQ:CGC – Get Free Report) Director Theresa Yanofsky sold 14,920 shares of Canopy Growth stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $0.93, for a total value of $13,875.60. Following the completion of the transaction, the director owned 131,495 shares of the company’s stock, valued at approximately $122,290.35. The trade was a 10.19% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Canopy Growth Stock Performance
Shares of CGC stock traded down $0.03 on Wednesday, hitting $0.90. 3,900,173 shares of the stock traded hands, compared to its average volume of 7,849,511. The company has a debt-to-equity ratio of 0.31, a current ratio of 3.04 and a quick ratio of 2.39. The company has a market capitalization of $402.66 million, a PE ratio of -1.99 and a beta of 0.83. Canopy Growth Corporation has a 1-year low of $0.84 and a 1-year high of $2.38. The company’s fifty day moving average is $0.96 and its 200 day moving average is $1.00.
Canopy Growth (NASDAQ:CGC – Get Free Report) last released its quarterly earnings data on Friday, August 7th. The company reported ($0.02) EPS for the quarter, topping analysts’ consensus estimates of ($0.04) by $0.02. Canopy Growth had a negative net margin of 65.33% and a negative return on equity of 21.91%. The firm had revenue of $142.62 million during the quarter, compared to the consensus estimate of $58.21 million. On average, equities research analysts predict that Canopy Growth Corporation will post -0.1 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Canopy Growth
Analyst Upgrades and Downgrades
A number of brokerages recently weighed in on CGC. Weiss Ratings downgraded shares of Canopy Growth from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday, September 16th. Wall Street Zen upgraded Canopy Growth from a “sell” rating to a “hold” rating in a research note on Saturday. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.
View Our Latest Stock Analysis on Canopy Growth
Canopy Growth Company Profile
Canopy Growth Corporation is a cannabis company headquartered in Smiths Falls, Ontario, Canada. Founded in 2013 as Tweed Marijuana Inc, the company adopted the Canopy Growth name in 2015 and has developed a portfolio of cannabis brands serving both adult-use and medical markets.
Canopy Growth’s products include dried cannabis flower, pre-rolls, cannabis oils, softgels, edibles, beverages and vaporization products. Its brand portfolio has included Tweed, 7ACRES, Doja, Deep Space and other cannabis brands, as well as Storz & Bickel vaporization products.
Read More
- Five stocks we like better than Canopy Growth
- Deutsche Bank Makes a Contrarian Call on Netflix—What Does It Mean for Investors?
- O’Reilly Automotive’s Stock Slump Hides a Stronger Business
- McDonald’s Stock Slump Makes Its AI Pricing Bet Even Riskier
- Broadcom’s AI Growth Story Faces a $161 Billion Anthropic Test
Receive News & Ratings for Canopy Growth Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Canopy Growth and related companies with MarketBeat.com's FREE daily email newsletter.
