It’s Not Over Yet For Canopy Growth Corporation (NASDAQ: CGC)

After Hours

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. Most recently, Yahoo Finance reported about the stock as it publicized that INDEPENDENT PROXY ADVISOR, GLASS LEWIS, RECOMMENDS CANOPY GROWTH SHAREHOLDERS VOTE FOR THE CREATION OF EXCHANGEABLE SHARES TO FURTHER THE ADVANCEMENT OF CANOPY USA.

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Stocks Info

Canopy Growth Corporation is listed on the NASDAQ as a member of the Healthcare sector and is a part of the Drug Manufacturers – Specialty & Generic industry. The current market capitalization of Canopy Growth Corporation is $348.95M. A total of 9.5 million shares were traded on the day, compared to an average of 3.30M shares.

In the most recent transaction, Lazzarato David Angelo sold 3,713 shares of CGC for 6.68 per share on Dec 29 ’23. After the transaction, the Director now owns 17,042 company shares. In a previous transaction on Dec 29 ’23, 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 ’23 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 ’23. Company shares held by the Director now total 211,991.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. In terms of 52-week highs and lows, CGC has a high of $20.20 and a low of $2.76.

As of this writing, CGC has an earnings estimate of -$0.32 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.15 per share and a lower estimate of -$0.58. The company reported an EPS of -$3.18 in the last quarter, which was -156.50% lower than expectations of -$1.24.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CGC’s latest balance sheet shows that the firm has $1.37B in Cash & Short Term Investments as of fiscal 2022. There were $1.64B in debt and $213.19M in liabilities at the time. Its Book Value Per Share was $4.98, while its Total Shareholder’s Equity was $3.62B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. 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 2.30.

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