NYSE:CGC - Canopy Growth Stock Price, News, & Analysis

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$48.37 +0.96 (+2.02 %)
(As of 04/24/2019 04:00 PM ET)
Previous Close$47.41
Today's Range$46.64 - $48.66
52-Week Range$20.99 - $59.25
Volume6.30 million shs
Average Volume8.72 million shs
Market Capitalization$16.65 billion
P/E RatioN/A
Dividend YieldN/A
Beta4.22
Canopy Growth Corporation, together with its subsidiaries, engages in growing, possession, and sale of medical cannabis in Canada. Its products include dried flowers, oils and concentrates, softgel capsules, and hemps. The company offers its products under the Tweed, Black Label, Spectrum Cannabis, DNA Genetics, Leafs By Snoop, Bedrocan Canada, CraftGrow, and Foria brand names. It also offers its products through Tweed Main Street, a single online platform that enables registered patients to purchase medicinal cannabis from various producers across various brands. 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. The company was formerly known as Tweed Marijuana Inc. and changed its name to Canopy Growth Corporation in September 2015. Canopy Growth Corporation is headquartered in Smiths Falls, Canada.

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Industry, Sector and Symbol

Industry Medicinals & botanicals
Sub-IndustryCannabis
SectorMedical
CUSIPN/A
CIKN/A
Phone855-558-9333

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$60.79 million
Book Value$4.87 per share

Profitability

Net Income$-54,880,000.00
Net Margins-267.40%

Miscellaneous

Employees1,033
Market Cap$16.65 billion
Next Earnings Date6/26/2019 (Estimated)
OptionableOptionable

Canopy Growth (NYSE:CGC) Frequently Asked Questions

What is Canopy Growth's stock symbol?

Canopy Growth trades on the New York Stock Exchange (NYSE) under the ticker symbol "CGC."

How were Canopy Growth's earnings last quarter?

Canopy Growth Corp (NYSE:CGC) posted its earnings results on Thursday, February, 14th. The marijuana producer reported ($0.67) earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of ($0.15) by $0.52. The marijuana producer had revenue of $62.85 million for the quarter, compared to analyst estimates of $66.09 million. Canopy Growth had a negative net margin of 267.40% and a negative return on equity of 14.39%. View Canopy Growth's Earnings History.

When is Canopy Growth's next earnings date?

Canopy Growth is scheduled to release their next quarterly earnings announcement on Wednesday, June 26th 2019. View Earnings Estimates for Canopy Growth.

What price target have analysts set for CGC?

9 Wall Street analysts have issued 12 month price objectives for Canopy Growth's stock. Their forecasts range from $46.27 to $80.00. On average, they expect Canopy Growth's share price to reach $64.8175 in the next year. This suggests a possible upside of 34.0% from the stock's current price. View Analyst Price Targets for Canopy Growth.

What is the consensus analysts' recommendation for Canopy Growth?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canopy Growth in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Canopy Growth.

Has Canopy Growth been receiving favorable news coverage?

Media coverage about CGC stock has trended somewhat positive recently, InfoTrie Sentiment reports. The research group scores the sentiment of media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Canopy Growth earned a daily sentiment score of 1.7 on InfoTrie's scale. They also assigned news coverage about the marijuana producer a news buzz of 5.0 out of 10, meaning that recent media coverage is somewhat likely to have an impact on the company's share price in the next several days.

Are investors shorting Canopy Growth?

Canopy Growth saw a increase in short interest in the month of March. As of March 29th, there was short interest totalling 26,073,945 shares, an increase of 11.9% from the March 15th total of 23,300,188 shares. Based on an average trading volume of 6,300,966 shares, the short-interest ratio is currently 4.1 days. View Canopy Growth's Current Options Chain.

Who are some of Canopy Growth's key competitors?

What other stocks do shareholders of Canopy Growth own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Canopy Growth investors own include NVIDIA (NVDA), Alibaba Group (BABA), Micron Technology (MU), General Electric (GE), Aurora Cannabis (ACB), Cronos Group (CRON), Canopy Growth (WEED), Aurora Cannabis (ACBFF), KushCo (KSHB) and Aurora Cannabis (ACB).

Who are Canopy Growth's key executives?

Canopy Growth's management team includes the folowing people:
  • Mr. Bruce A. Linton, Co-Founder, Chairman & Co-CEO (Age 52)
  • Mr. Mark Anthony Nicholas Zekulin, Pres & Co-CEO
  • Mr. Timothy Rob Saunders, Exec. VP & CFO
  • Mr. Rade Kovacevic, Exec. VP
  • Ms. Ann Gordon, VP of Corp. Fin.

Who are Canopy Growth's major shareholders?

Canopy Growth's stock is owned by many different of retail and institutional investors. Top institutional shareholders include Oppenheimer & Co. Inc. (0.02%), Ingalls & Snyder LLC (0.02%), Jupiter Wealth Management LLC (0.01%), Wedbush Securities Inc. (0.01%), Ellis Investment Partners LLC (0.01%) and Exane Derivatives (0.00%).

Which institutional investors are selling Canopy Growth stock?

CGC stock was sold by a variety of institutional investors in the last quarter, including Capital Investment Advisory Services LLC.

Which institutional investors are buying Canopy Growth stock?

CGC stock was acquired by a variety of institutional investors in the last quarter, including Jupiter Wealth Management LLC, Ellis Investment Partners LLC, Exane Derivatives, Trinity Legacy Partners LLC, Traynor Capital Management Inc., Mercer Global Advisors Inc. ADV, Mercer Global Advisors Inc. ADV and Gofen & Glossberg LLC IL.

How do I buy shares of Canopy Growth?

Shares of CGC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is Canopy Growth's stock price today?

One share of CGC stock can currently be purchased for approximately $48.37.

How big of a company is Canopy Growth?

Canopy Growth has a market capitalization of $16.65 billion and generates $60.79 million in revenue each year. The marijuana producer earns $-54,880,000.00 in net income (profit) each year or ($0.32) on an earnings per share basis. Canopy Growth employs 1,033 workers across the globe.

What is Canopy Growth's official website?

The official website for Canopy Growth is http://www.canopygrowth.com.

How can I contact Canopy Growth?

Canopy Growth's mailing address is 1 HERSHEY DRIVE, SMITH FALLS A6, K7A0A8. The marijuana producer can be reached via phone at 855-558-9333 or via email at [email protected]


MarketBeat Community Rating for Canopy Growth (NYSE CGC)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  337 (Vote Outperform)
Underperform Votes:  325 (Vote Underperform)
Total Votes:  662
MarketBeat's community ratings are surveys of what our community members think about Canopy Growth and other stocks. Vote "Outperform" if you believe CGC will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CGC will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 4/24/2019 by MarketBeat.com Staff

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