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. The stock was recently discussed on Yahoo Finance as it revealed that Canopy Growth Announces Upsized US$35 Million Private Placement.
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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 $4.44 and fluctuated between $4.7200 as its day high and $4.4400 as its day low. The current market capitalization of Canopy Growth Corporation is $368.12M. A total of 1.43 million shares were traded on the day, compared to an average of 2.98M shares.
Insider Activity
Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, CGC has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 22 BUYs and 19 SELLs from insiders. Insiders purchased 106,110,260 shares during that period but sold 100,291,170.
In the most recent transaction, Lazzarato David Angelo sold 3,713 shares of CGC for 6.68 per share on Dec 29. After the transaction, the Director now owns 17,042 company shares. In a previous transaction on Dec 29, Yanofsky Theresa sold 3,697 shares at 6.68 per share. CGC shares that Director owns now total 17,501.
Among the insiders who sold shares, Lazzarato David Angelo disposed of 38,502 shares on Nov 20 at a per-share price of $0.81. This resulted in the Director holding 207,562 shares of CGC after the transaction. In another insider transaction, Yanofsky Theresa sold 38,344 shares at $0.81 per share on Nov 20. Company shares held by the Director now total 211,991.
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 $17.84 with high estimates of $100.00 and low estimates of $5.00. In terms of 52-week highs and lows, CGC has a high of $32.20 and a low of $3.46.
As of this writing, CGC has an earnings estimate of -$0.38 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of -$0.16 per share and a lower estimate of -$0.63. The company reported an EPS of -$0.52 in the last quarter, which was 59.10% higher than expectations of -$1.27.
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, 0 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 Buy with a score of 2.55.
