The Technical Analyst
Canopy Growth Corp [CGC]
Exchange: NYSE Sector: Healthcare Industry: Drug Manufacturers - Specialty & Generic
Canopy Growth Corp Price, Forecast, Insider, Ratings, Fundamentals & Signals
Current Signal: SELL (auto-tracking)
53.43% $12.76
America/New_York / 30 apr 2024 @ 15:07
| FUNDAMENTALS | |
|---|---|
| MarketCap: | 1 162.64 mill |
| EPS: | -15.57 |
| P/E: | -0.820 |
| Earnings Date: | Jun 20, 2024 |
| SharesOutstanding: | 91.11 mill |
| Avg Daily Volume: | 12.14 mill |
| RATING 2024-04-30 |
|---|
| B- |
| Neutral |
| RATINGS | ||
|---|---|---|
| Rating CashFlow: | Buy | |
| Return On Equity: | Strong Sell | |
| Return On Asset: | Strong Sell | |
| DE: | Strong Buy | |
| P/E: | Sell | |
| Price To Book: | Sell |
| QUARTER GROWTHS | ||||||
|---|---|---|---|---|---|---|
| 3/22 | 4/22 | 1/23 | 2/23 | 3/23 | 4/23 | |
| Revenue | ||||||
| Gr.Profit | ||||||
| Ebit | ||||||
| Asset | ||||||
| Debt |
| PE RATIO: COMPANY / SECTOR |
|---|
| 0.00x |
| Company: PE -0.820 | sector: PE 15.43 |
| PE RATIO: COMPANY / INDUSTRY |
|---|
| -0.03x |
| Company: PE -0.820 | industry: PE 27.41 |
| DISCOUNTED CASH FLOW VALUE |
|---|
| N/A |
| N/A |
| Expected Trading Range (DAY) |
|---|
|
$ 11.48 - 14.01 ( +/- 9.93%) |
| ATR Model: 14 days |
Insider Trading
| Date | Person | Action | Amount | type |
|---|---|---|---|---|
| 2024-04-18 | Constellation Brands, Inc. | Buy | 9 111 549 | Exchangeable Shares |
| 2024-04-18 | Constellation Brands, Inc. | Buy | 10 450 000 | Exchangeable Shares |
| 2024-04-18 | Constellation Brands, Inc. | Buy | 6 699 925 | Exchangeable Shares |
| 2024-04-18 | Constellation Brands, Inc. | Sell | 10 450 000 | Common Shares |
| 2024-02-13 | Kruh Willy | Buy | 6 673 | Common Shares |
| INSIDER POWER |
|---|
| 61.43 |
| Last 96 transactions |
| Buy: 104 895 530 | Sell: 14 995 262 |
Live Trading Signals (every 1 min)
Forecast
1: 15:16 - $12.78
Forecast 2: 16:00 - $12.78
Forecast 3: 16:00 - $12.78
SCORE
10.00
Buy
10.00
Buy
Score Algorithm Version: 1.2C
Last version updated: Fri April 15th, 2022
Last version updated: Fri April 15th, 2022
| Indicator Signals | |
|---|---|
| RSI 21 | |
| SMA | |
| Trend | |
| Trend 2 | |
| Trend 3 | |
| MACD |
| Volume Signals | |
|---|---|
| Price | $12.76 (53.43% ) |
| Volume | 47.52 mill |
| Avg. Vol. | 12.14 mill |
| % of Avg. Vol | 391.33 % |
| Signal 1: | |
| Signal 2: |
Today
Last 12 Months
RSI
Last 10 Buy & Sell Signals For CGC
0 Signals | Accuracy: 0.00% | Accuracy Buy: 0.00% | Accuracy Sell: 0.00%
Avg return buy: 0.00 % | Avg return sell: 0.00 %
$1 invested is now $1.00 or 0.00% since Coming Soon
| Date | Signal | @ | Closed | % | Feb 8 - 15:35 | sell | $4.03 | N/A | Active |
|---|
CGC
Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. It operates through two segments, Global Cannabis and Other Consumer Products. The company's products include dried cannabis flower, extracts and concentrates, beverages, gummies, and vapes. It offers its products under the Tweed, 7ACRES, 7ACRES Craft Collective, DOJA, Ace Valley, Quatreau, Deep Space, First + Free, Surity Pro, Spectrum Therapeutics, Vert, Tokyo Smoke, Twd, Martha Stewart CBD, DNA Genetics, BioSteel, Storz & Bickel, This Works, HiWay, Simple Stash, Whisl, and Truverra brands. The company was formerly known as Tweed Marijuana Inc. and changed its name to Canopy Growth Corporation in September 2015. Canopy Growth Corporation was incorporated in 2009 and is headquartered in Smiths Falls, Canada.
Latest Press Releases
2024-04-18 16:30:00 - Press Release
Canopy Growth Announces Cbi Conversion To Exchangeable Shares And Newly Constituted Board Of Directors
Conversion of greenstar promissory note into exchangeable shares further improves canopy's balance sheet through the elimination of short term debt, reduces overall debt balance by c$100mm smiths falls, on , april 18, 2024 /prnewswire/ - canopy growth corporation ("canopy growth" or the "company") (tsx: weed) (nasdaq: cgc) announced today that in connection with the creation of the non-voting and non-participating exchangeable shares in the capital of canopy growth (the "exchangeable shares"), on april 18, 2024, greenstar canada investment limited partnership ("greenstar") and cbg holdings llc ("cbg" and, together with greenstar, the "cbg group"), each a wholly-owned subsidiary of constellation brands, inc...
2024-04-15 07:30:00 - Press Release
Canopy Growth Announces Results Of Special Meeting Of Shareholders
Shareholders overwhelmingly approve the creation of a new class of exchangeable shares of canopy growth, enabling the acceleration of canopy growth's entry into the u.s. thc market, which is expected to be approximately $50b in 2026.1 canopy usa expected to advance imminently with triggering acquisition of u.s. assets. smiths falls, on, april 15, 2024 /prnewswire/ - canopy growth corporation ("canopy growth" or the "company") (tsx: weed) (nasdaq: cgc) today announced the voting results from its special meeting of shareholders held on friday, april 12, 2024 (the "meeting").
2024-04-01 07:30:00 - Press Release
Independent Proxy Advisor, Institutional Shareholder Services ("iss"), Recommends Canopy Growth Shareholders Vote For The Creation Of Exchangeable Shares To Further The Advancement Of Canopy Usa
Shareholders are encouraged to vote well in advance of the proxy voting deadline on april 10, 2024 at 1:00 p.m. eastern time (toronto time) for any questions or assistance with voting, shareholders should contact laurel hill advisory group at 1-877-452-7184 (north american toll free) or 1‑416‑304‑0211 (outside north america), or by email at assistance@laurelhill.com.
2024-03-22 10:16:00 - Press Release
Canopy Growth Celebrates Passage Of Cannabis Legalization In Germany
Removal of narcotic status for cannabis expected to accelerate growth of the german medical cannabis market smiths falls, on , march 22, 2024 /prnewswire/ - canopy growth corporation ("canopy growth" or the "company") (tsx: weed) (nasdaq: cgc), a world-leading diversified cannabis company, celebrates the german government's final approval legalizing cannabis, as well as advancing a clear victory for enhanced medical cannabis access. as of april 1, 2024, cannabis will officially be recognized as a non-narcotic in germany, marking a monumental shift in the legal treatment and cultural acceptance of cannabis.
2024-03-14 07:30:00 - Press Release
Independent Proxy Advisor, Glass Lewis, Recommends Canopy Growth Shareholders Vote For The Creation Of Exchangeable Shares To Further The Advancement Of Canopy Usa
Shareholders are encouraged to vote well in advance of the proxy voting deadline on april 10, 2024 at 1:00 p.m. eastern time (toronto time) for any questions or assistance with voting, shareholders should contact laurel hill advisory group at 1-877-452-7184 (north american toll free) or 1‑416‑304‑0211 (outside north america), or by email at assistance@laurelhill.com.
Latest News
2024-04-30 14:39:52 - Proactive Investors
Cannabis stocks surge on reports DEA will approve rescheduling of marijuana as lower-risk drug
Cannabis stocks surged on Tuesday afternoon following multiple media reports that the US Drug Enforcement Administration will approve the reclassification of marijuana as a lower-risk drug. The news was first reported by the Associated Press, which cited five people familiar with the matter.
2024-04-30 14:30:00 - Seeking Alpha
Mario Naric On Canada's Shakeout Phase
The Canadian cannabis industry is in a shakeout phase, with poorly run businesses struggling and the industry maturing.
2024-04-30 14:29:58 - InvestorPlace
3 Hot Cannabis Stocks With Multibagger Return Potential Before the Presidential Election
A January Pew Research survey indicates that 88% of U.S. adults support the legalization of cannabis for medicinal use. Further, 57% adults opine that the legalization should be for recreational use as well.
2024-04-28 08:05:00 - The Motley Fool
Canopy Growth Obtains Shareholder Approval to Move Ahead With Canopy USA: Here's What It Means for Investors
Canopy Growth can move ahead with its plans to acquire U.S.-based cannabis companies via Canopy USA. The company, however, won't be able to consolidate the results.
2024-04-27 17:49:49 - MarijuanaStocks
Top Canadian Cannabis Contenders: Stocks to Watch Before May 2024
The global cannabis industry and top marijuana stocks are poised for significant growth, driven by increasing legalization and medical use. Furthermore, experts predict a compound annual growth rate of over 20% for the next decade. Consequently, this expansion benefits top Canadian companies such as Canopy Growth, Aurora Cannabis, and Aphria. These firms lead the market in innovation and distribution. Therefore, investors should closely monitor these names, as they could capitalize on global trends.
2024-04-25 07:10:00 - InvestorPlace
7 Stocks That Could Be Heading Six-Feet Under
If you're wondering what stocks to sell this quarter, you're in the right place. Nothing lasts forever, not even stocks.
2024-04-24 10:13:40 - MarijuanaStocks
Top Canadian Marijuana Stocks To Invest In For Big Gains
The cannabis industry has rapidly become a significant sector within the stock market, attracting a diverse array of investors. Yet marijuana stocks are notorious for their volatility, influenced heavily by regulatory changes and political dynamics. This article explores essential strategies for investing in cannabis stocks during these fluctuating conditions. Plus highlights how political developments can impact the way most marijuana stocks trade. Navigating the marijuana stock market requires savvy investment strategies that account for its inherent unpredictability.
2024-04-22 19:54:11 - InvestorPlace
3 Nasdaq Stocks That Could Be Heading Six-Feet Under
As concerns about a global recession grow, it might be wise to consider divesting from certain Nasdaq stocks to sell. The Nasdaq is known for hosting a range of innovative tech companies.
2024-04-22 11:10:00 - The Motley Fool
1 Stock I Wouldn't Touch With a 10-Foot Pole
Canopy Growth has struggled to grow its revenue. It has also struggled to right-size its operations and become efficient.
2024-04-20 10:17:18 - Proactive Investors
4/20 2024: Cannabis investors have much to celebrate this year
Cannabis culture is being celebrated today on “4/20” with weed lovers gathering at events to partake in the plant and enjoy retail promotions. While the history of 4/20 is disputed, most trace it back to a group of students who attended San Rafael High School in California in the 1970s.