Canopy Growth Corp Stock Today

WEED Stock  CAD 5.47  0.02  0.36%   

Performance

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Odds Of Distress

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Canopy Growth is selling at 5.47 as of the 30th of November 2024; that is 0.36% down since the beginning of the trading day. The stock's open price was 5.49. Canopy Growth has a very high chance of experiencing financial distress in the next few years of operation. It has also generated negative returns for investors over the last 90 days. Equity ratings for Canopy Growth Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 31st of October 2024 and ending today, the 30th of November 2024. Click here to learn more.
Business Domain
Pharmaceuticals, Biotechnology & Life Sciences
Category
Healthcare
Classification
Health Care
Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis for recreational and medical purposes primarily in Canada, the United States, Germany, and the United Kingdom. Canopy Growth Corporation is headquartered in Smiths Falls, Canada. The company has 105.36 M outstanding shares of which 4.07 M shares are at this time shorted by private and institutional investors with about 1.46 days to cover all short positions. More on Canopy Growth Corp

Canopy Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Canopy Growth's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Canopy Growth or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEODavid Klein
Business ConcentrationPharmaceuticals, Pharmaceuticals, Biotechnology & Life Sciences, Health Care, Health Care, Pharmaceuticals, Drug Manufacturers—Specialty & Generic, Healthcare (View all Sectors)
Canopy Growth's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Canopy Growth's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Debt Levels
Canopy Growth can leverage the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Canopy Growth's financial leverage. It provides some insight into what part of Canopy Growth's total assets is financed by creditors.
Liquidity
Canopy Growth cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. Canopy Growth Corp has accumulated 668 M in total debt with debt to equity ratio (D/E) of 0.12, which may suggest the company is not taking enough advantage from borrowing. Canopy Growth Corp has a current ratio of 8.02, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Canopy Growth until it has trouble settling it off, either with new capital or with free cash flow. So, Canopy Growth's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Canopy Growth Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Canopy to invest in growth at high rates of return. When we think about Canopy Growth's use of debt, we should always consider it together with cash and equity.

Total Cash From Operating Activities

(9.75 Million)
Canopy Growth Corp (WEED) is traded on Toronto Exchange in Canada and employs 1,029 people. Canopy Growth is listed under Pharmaceuticals category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 722.6 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Canopy Growth's market, we take the total number of its shares issued and multiply it by Canopy Growth's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Canopy Growth Corp operates under Pharmaceuticals sector and is part of Health Care industry. The entity has 105.36 M outstanding shares of which 4.07 M shares are at this time shorted by private and institutional investors with about 1.46 days to cover all short positions. Canopy Growth Corp has accumulated about 214.55 M in cash with (281.95 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.54, which can makes it an attractive takeover target, given it will continue generating positive cash flow.
Check Canopy Growth Probability Of Bankruptcy
Ownership Allocation
Canopy Growth holds a total of 105.36 Million outstanding shares. Almost 91.05 percent of Canopy Growth outstanding shares are held by general public with 0.17 (percent) owned by insiders and only 8.78 % by other corporate entities. Please note that no matter how many assets the company secures, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Canopy Ownership Details

Canopy Growth Corp Risk Profiles

Although Canopy Growth's alpha and beta are two of the key measurements used to evaluate Canopy Growth's performance over the market, the standard measures of volatility play an important role as well.

Canopy Stock Against Markets

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Our tools can tell you how much better you can do entering a position in Canopy Growth without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Canopy Growth Corporate Management

Elected by the shareholders, the Canopy Growth's board of directors comprises two types of representatives: Canopy Growth inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Canopy. The board's role is to monitor Canopy Growth's management team and ensure that shareholders' interests are well served. Canopy Growth's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Canopy Growth's outside directors are responsible for providing unbiased perspectives on the board's policies.
Mark WareChief Medical OfficerProfile
Judy HongChief IntelligenceProfile
Terry YanofskyDirectorProfile
FCPA FCAStrategic AdvisorProfile
Robert HansonIndependent DirectorProfile
Christelle LLBChief SecretaryProfile
When determining whether Canopy Growth Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Canopy Growth's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Canopy Growth Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Canopy Growth Corp Stock:
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Canopy Growth Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Price Ceiling Movement module to calculate and plot Price Ceiling Movement for different equity instruments.
Please note, there is a significant difference between Canopy Growth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canopy Growth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canopy Growth's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.