There’s No Need To Panic Or Freeze When It Comes To 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.

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Stocks Info

The company is listed on the NASDAQ and operates within the Drug Manufacturers – Specialty & Generic industry segment. The current market capitalization of Canopy Growth Corporation is $722.50M. A total of 12.53 million shares were traded on the day, compared to an average of 11.12M 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.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. In terms of 52-week highs and lows, CGC has a high of $19.20 and a low of $2.76.

As of this writing, CGC has an earnings estimate of $Kinross Gold Corporation per share for the current quarter. EPS was calculated based on a consensus of Canopy Growth Corporation estimates, with a high estimate of $Centene Corporation per share and a lower estimate of $Capital Group Core Plus Income .

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. 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

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. 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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