Canopy Growth Corp Stock Price on November 25, 2024
| CGC Stock | USD 3.90 0.04 1.02% |
Below is the normalized historical share price chart for Canopy Growth Corp extending back to April 07, 2014. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Canopy Growth stands at 3.90, as last reported on the 29th of November, with the highest price reaching 4.01 and the lowest price hitting 3.86 during the day.
If you're considering investing in Canopy Stock, it is important to understand the factors that can impact its price. Canopy Growth Corp secures Sharpe Ratio (or Efficiency) of -0.0528, which signifies that the company had a -0.0528% return per unit of risk over the last 3 months. Canopy Growth Corp exposes twenty-four different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Canopy Growth's Risk Adjusted Performance of (0.05), standard deviation of 5.09, and Mean Deviation of 3.48 to double-check the risk estimate we provide.
At present, Canopy Growth's Stock Based Compensation To Revenue is projected to increase slightly based on the last few years of reporting. . At present, Canopy Growth's Price Book Value Ratio is projected to drop based on the last few years of reporting. The current year's Price Earnings To Growth Ratio is expected to grow to 0.70, whereas Price Earnings Ratio is forecasted to decline to (69.07). Canopy Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 4th of April 2014 | 200 Day MA 6.2027 | 50 Day MA 4.418 | Beta 1.779 |
Canopy |
Sharpe Ratio = -0.0528
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| Negative Returns | CGC |
Estimated Market Risk
| 5.16 actual daily | 45 55% of assets are more volatile |
Expected Return
| -0.27 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.05 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Canopy Growth is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Canopy Growth by adding Canopy Growth to a well-diversified portfolio.
Price Book 1.1332 | Enterprise Value Ebitda (1.06) | Price Sales 1.8262 | Shares Float 105.2 M | Wall Street Target Price 6.1733 |
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Canopy Growth Valuation on November 25, 2024
It is possible to determine the worth of Canopy Growth on a given historical date. On November 25, 2024 Canopy was worth 3.91 at the beginning of the trading date compared to the closed value of 4.15. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Canopy Growth stock. Still, in general, we apply an absolute valuation method to find Canopy Growth's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Canopy Growth where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Canopy Growth's related companies.
| Open | High | Low | Close | Volume | |
| 3.86 | 4.10 | 3.85 | 3.90 | 3,814,773 | |
11/25/2024 | 3.91 | 4.25 | 3.91 | 4.15 | 5,001,191 |
| 4.05 | 4.10 | 3.92 | 3.94 | 5,066,087 |
| Backtest Canopy Growth | | | Canopy Growth History | | | Canopy Growth Valuation | Previous | Next |
Canopy Growth Trading Date Momentum on November 25, 2024
| On November 26 2024 Canopy Growth Corp was traded for 3.94 at the closing time. Highest Canopy Growth's price during the trading hours was 4.10 and the lowest price during the day was 3.92 . The net volume was 5.1 M. The overall trading history on the 26th of November contributed to the next trading period price depreciation. The overall trading delta to the next next day price was 5.06% . The overall trading delta to current price is 5.06% . |
Canopy Growth Corp Fundamentals Correlations and Trends
By evaluating Canopy Growth's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Canopy Growth's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Canopy financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Canopy Growth Stock history
Canopy Growth investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Canopy is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Canopy Growth Corp will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Canopy Growth stock prices may prove useful in developing a viable investing in Canopy Growth
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 74.8 M | 94.6 M | |
| Net Loss | -8 M | -8.4 M |
Canopy Growth Quarterly Net Working Capital |
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Canopy Growth Stock Technical Analysis
Canopy Growth technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Canopy Growth Period Price Range
Low | November 29, 2024
| High |
0.00 | 0.00 |
Canopy Growth Corp cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Canopy Growth November 29, 2024 Market Strength
Market strength indicators help investors to evaluate how Canopy Growth stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Canopy Growth shares will generate the highest return on investment. By undertsting and applying Canopy Growth stock market strength indicators, traders can identify Canopy Growth Corp entry and exit signals to maximize returns
Canopy Growth Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Canopy Growth's price direction in advance. Along with the technical and fundamental analysis of Canopy Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Canopy to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.05) | |||
| Jensen Alpha | (0.34) | |||
| Total Risk Alpha | (1.19) | |||
| Treynor Ratio | 0.5753 |
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Complementary Tools for Canopy Stock analysis
When running Canopy Growth's price analysis, check to measure Canopy Growth's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canopy Growth is operating at the current time. Most of Canopy Growth's value examination focuses on studying past and present price action to predict the probability of Canopy Growth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canopy Growth's price. Additionally, you may evaluate how the addition of Canopy Growth to your portfolios can decrease your overall portfolio volatility.
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