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Tuesday, January 31, 2023

This Is Too Hot For Canopy Growth Corporation (NASDAQ: CGC), Let’s Take A Closer Look

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. After-hours trades for Canopy Growth Corporation (CGC) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.11, or 4.44%, to $2.59. The Canopy Growth Corporation has recorded 121,456 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that Canopy Growth Completes Divestiture of Canadian Retail Operations.


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Stocks Info

As a NASDAQ listed company, CGC falls under the Healthcare sector while operating within the Drug Manufacturers – Specialty & Generic industry segment. At the end of the last regular session, the stock closed at $2.48 and fluctuated between $2.6000 as its day high and $2.4000 as its day low. The current market capitalization of Canopy Growth Corporation is $1.21B. A total of 12.39 million shares were traded on the day, compared to an average of 15.10M shares.

In the most recent transaction, Lazzarato David Angelo sold 3,733 shares of CGC for 2.97 per share on Dec 28. After the transaction, the Director now owns 19,679 company shares. In a previous transaction on Dec 28, SCHMELING JUDY sold 1,792 shares at 2.97 per share. CGC shares that Director owns now total 57,798.

Among the insiders who sold shares, Yanofsky Theresa disposed of 3,717 shares on Dec 28 at a per-share price of $2.97. This resulted in the Director holding 25,137 shares of CGC after the transaction. In another insider transaction, Hong Judy Eun Joo sold 1,021 shares at $4.98 per share on Jun 09. Company shares held by the Chief Financial Officer now total 5,100.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. According to analysts who have offered 12-month price targets for CGC in the last 3 months, the mean price target is $2.90 with high estimates of $8.07 and low estimates of $1.56. In terms of 52-week highs and lows, CGC has a high of $9.61 and a low of $2.09.

As of this writing, CGC has an earnings estimate of -$0.19 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$0.14 per share and a lower estimate of -$0.25. The company reported an EPS of -$1.14 in the last quarter, which was -356.00% lower than expectations of -$0.25.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 19 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CGC is Underweight with a score of 2.13. A total of 2 analysts rated the stock as Buy while 0 rated it as Overweight while 8 rated it as Hold. Among the other participants, 2 thought the stock was Underweight and 7 thought it should be Sold.

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