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TSE:WEED

Canopy Growth (WEED) Stock Price, News & Analysis

C$12.89
-0.92 (-6.66%)
(As of 05/22/2024 ET)
Today's Range
C$12.78
C$13.83
50-Day Range
C$3.75
C$20.45
52-Week Range
C$3.74
C$26.00
Volume
1.63 million shs
Average Volume
2.97 million shs
Market Capitalization
C$967.39 million
P/E Ratio
N/A
Dividend Yield
4.80%
Price Target
C$3.20

Canopy Growth MarketRank™ Stock Analysis

Analyst Rating
Reduce
1.50 Rating Score
Upside/​Downside
75.2% Downside
C$3.20 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.61mentions of Canopy Growth in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.09 out of 5 stars

WEED stock logo

About Canopy Growth Stock (TSE:WEED)

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, 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; and partnership with Parent Action on Drugs. 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.

WEED Stock Price History

WEED Stock News Headlines

Canopy Growth Secures $50M in New Financing
See More Headlines
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Company Calendar

Today
5/23/2024
Next Earnings (Estimated)
6/20/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Drug Manufacturers - Specialty & Generic
Sub-Industry
Cannabis
CIK
N/A
Fax
N/A
Employees
2,700
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$3.20
High Stock Price Target
C$6.70
Low Stock Price Target
C$0.50
Potential Upside/Downside
-75.2%
Consensus Rating
Reduce
Rating Score (0-4)
1.50
Research Coverage
4 Analysts

Profitability

Net Income
C$-1,180,000,000.00
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$362.24 million
Cash Flow
C$7.91 per share
Book Value
C$6.57 per share

Miscellaneous

Free Float
N/A
Market Cap
C$967.39 million
Optionable
Not Optionable
Beta
1.85
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WEED Stock Analysis - Frequently Asked Questions

Should I buy or sell Canopy Growth stock right now?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canopy Growth in the last twelve months. There are currently 2 sell ratings and 2 hold ratings for the stock. The consensus among Wall Street analysts is that investors should "reduce" WEED shares.
View WEED analyst ratings
or view top-rated stocks.

What is Canopy Growth's stock price target for 2024?

4 equities research analysts have issued 12 month target prices for Canopy Growth's stock. Their WEED share price targets range from C$0.50 to C$6.70. On average, they expect the company's stock price to reach C$3.20 in the next year. This suggests that the stock has a possible downside of 75.2%.
View analysts price targets for WEED
or view top-rated stocks among Wall Street analysts.

How have WEED shares performed in 2024?

Canopy Growth's stock was trading at C$6.76 at the beginning of 2024. Since then, WEED stock has increased by 90.7% and is now trading at C$12.89.
View the best growth stocks for 2024 here
.

When is Canopy Growth's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 20th 2024.
View our WEED earnings forecast
.

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 Aurora Cannabis (ACB), Aphria (APHA), Auxly Cannabis Group (CBWTF), KushCo (KSHB), Cronos Group (CRON), Aurora Cannabis (ACBFF), GW Pharmaceuticals (GWPH) and Alibaba Group (BABA).

How do I buy shares of Canopy Growth?

Shares of WEED stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:WEED) was last updated on 5/23/2024 by MarketBeat.com Staff

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