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Canopy Growth Corporation (CGC)

22.13   2.61 (13.37%) 02-14 16:05
Open: 23.17 Pre. Close: 19.52
High: 23.9 Low: 21.72
Volume: 26,485,458 Market Cap: 7709M
Canopy Growth Corporation, together with its subsidiaries, engages in engages in production, distribution, and sale of cannabis in Canada. It operates through two segments, Cannabis Operations and Canopy Rivers. The company's products include dried flowers, oils and concentrates, softgel capsules, and hemps. It offers its products under the Tweed, Spectrum, DNA Genetics, CraftGrow, Tokyo Smoke, DOJA, Van der Pop, and Maitri brands. The company also provides growth capital and a strategic support platform that pursues investment opportunities in the global cannabis sector. Canopy Growth Corporation has a clinical research partnership with NEEKA Health Canada to investigate the efficacy of cannabinoids for the treatment of post-concussion neurological diseases in former NHL players; partnership with Parent Action on Drugs; and a collaboration with Cure Pharmaceutical Holding Corp. for the development of low-dose cannabidiol oral thin films. The company was formerly known as Twe

Stock Price Prediction

Update at 5:00pm EST
If tomorrow: Open lower Open higher
High: 23.934 - 24.068 24.068 - 24.191
Low: 21.389 - 21.553 21.553 - 21.703
Close: 22.277 - 22.52 22.52 - 22.742

Technical analysis

as of: 2020-02-14 4:27:23 PM
Overall:       
Stoxline posted a STRONG BUY today, upgraded from lower rating. Upward movement to be expected.
Target: Six months: 30.33     One year: 35.43
Support: Support1: 21.45    Support2: 18.65
Resistance: Resistance1: 25.97    Resistance2: 30.33
Pivot: 21.50
Moving Average: MA(5): 20.13     MA(20): 22.14
MA(100): 20.71     MA(250): 31.82
MACD: MACD(12,26): -0.35     Signal(9): -0.10
Stochastic oscillator: %K(14,3): 32.28     %D(3): 20.53
RSI: RSI(14): 54.95
52-week: High: 52.74  Low: 13.81  Change(%): -51.5
Average Vol(K): 3-Month: 939223  10-Days: 847873

Price, moving averages and Bollinger Bands

Price and moving averages has closed above its Short term moving average. Short term moving average is currently above mid-term; AND above long term moving averages. From the relationship between price and moving averages; we can see that: This stock is BULLISH in short-term; and BULLISH in mid-long term.
CGC has closed below upper band by 33.5%. Bollinger Bands are 12.7% wider than normal. The current width of the bands does not suggest anything about the future direction or movement of prices.

Headline News

2020-02-16
The Week In Cannabis: Stocks Finally Back In Green Despite Mixed Earnings Results
A strong week for cannabis closed with surprising quarterly results from Canopy Growth Corporation (NYSE: CGC ) (TSX: WEED) Friday, with fiscal third-quarter net revenue of CA$123.8 million ($93.5 million), up 49% year-over-year. While the adjusted EBITDA loss of CA$92 million was higher than last year’s CA$74.8 million, investors were excited about the strong revenue and margin figures. The earnings report was a “huge exhale on what has been a difficult few weeks for Canadian LPs as the still the most important company in the sector beats on top line and margin,” Tim Seymour , portfolio manager of the Amplify Seymour Cannabis ETF and co-host of CNBC’s “Fast Money,” told Benzinga. Seymour was most impressed by Canopy’s gross margin improvement. The margin rose from 13% to 34%, beating consensus estimates of 25%. The company attributed this to “significant write-offs over previous quarters and higher selling prices this quarter on 2.0 products.” See what analysts said about the results here .

2020-02-15
Cannabis giant Canopy Growth posts earnings surprise
Cannabis giant Canopy Growth earnings beat expectations

Financial Analysis

Growth NA
Growth measures the growth of both a company's revenue and net income. it tells investors how fast a company is growing.
Profitability NA
Profitability measures a company’s ability to generate earnings as compared to its expenses and other relevant costs.
Solvency NA
Solvency measures a company's ability to meet its long-term debts. Acceptable solvency ratios will vary from industry to industry.
Efficiency NA
Efficiency measures the strength of a company's return on invested capital. It can identify business that are better managed or not.
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Stock Basics & Statistics

Exchange:  NYSE
Sector:  Healthcare
Industry:  Drug Manufacturers - Specialty Generic
Shares Out. (M) 348.33
Shares Float (M) 218.80
% Held by Insiders
% Held by Institutions
Shares Short (K) 46330
Shares Short P. Month (K)

Stock Financials

EPS -1.790
Book Value (p.s.) 5.280
PEG Ratio
Profit Margin
Operating Margin
Return on Assets (ttm) -7.5
Return on Equity (ttm) -51.0
Qtrly Rev. Growth 228.4
Gross Profit (p.s.) 0.255
Sales Per Share
EBITDA (p.s.)
Qtrly Earnings Growth
Operating Cash Flow (M)
Levered Free Cash Flow (M)

Stock Valuations

P/E -12.58
P/E Growth Ratio 0.15
P/BV 4.27
P/S
P/CF

Dividends & Splits

Dividend
Dividend Yield
Dividend Pay Date Invalid DateTime.
Ex-Dividend Date Invalid DateTime.
Forward Dividend
Last Split Date
Last Split Ratio -1e+010
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