TSE:WEED Canopy Growth Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding Canopy Growth Corp Please log in to your account or sign up in order to add this asset to your watchlist. C$3.66 -0.83 (-18.49%) (As of 06/30/2022 12:00 AM ET) Add Compare Share Today's RangeC$3.52▼C$3.8050-Day RangeC$3.66▼C$8.5752-Week RangeC$3.52▼C$29.89Volume3.68 million shsAverage Volume2.57 million shsMarket CapitalizationC$1.47 billionP/E RatioN/ADividend YieldN/APrice TargetC$8.65 ProfileAnalyst RatingsChartCompetitorsInsider TradesHeadlinesSocial Media Canopy Growth Stock Forecast (MarketRank)Analyst RatingHold1.79 Rating ScoreUpside/Downside136.3% UpsideC$8.65 Price TargetShort InterestN/ADividend StrengthN/ASustainabilityN/ANews Sentiment0.79Based on 15 Articles This WeekInsider TradingN/AProj. Earnings GrowthN/ASee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.1.83 out of 5 stars 3.9 Analyst's Opinion Consensus RatingCanopy Growth has received a consensus rating of Hold. The company's average rating score is 1.79, and is based on 3 buy ratings, 5 hold ratings, and 6 sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of C$8.65, Canopy Growth has a forecasted upside of 136.3% from its current price of C$3.66.Amount of Analyst CoverageCanopy Growth has been the subject of 9 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 0.0 Short Interest Short InterestThere is no current short interest data available for WEED. Previous Next 0.0 Dividend Strength Dividend YieldCanopy Growth does not currently pay a dividend.Dividend GrowthCanopy Growth does not have a long track record of dividend growth. Previous Next 0.0 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreThere is no current Upright™ data available for WEED. Previous Next 2.7 News and Social Media Coverage News SentimentCanopy Growth has a news sentiment score of 0.79. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Medical companies.News Coverage This WeekMarketBeat has tracked 15 news articles for Canopy Growth this week, compared to 5 articles on an average week.Search Interest16 people have searched for WEED on MarketBeat in the last 30 days. This is an increase of 14% compared to the previous 30 days.MarketBeat FollowsOnly 11 people have added Canopy Growth to their MarketBeat watchlist in the last 30 days. This is a decrease of -15% compared to the previous 30 days. Previous Next 0.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, Canopy Growth insiders have not sold or bought any company stock. Previous Next 0.6 Earnings and Valuation Price to Earnings Ratio vs. the MarketThe P/E ratio of Canopy Growth is -4.74, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of Canopy Growth is -4.74, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioDue to a projected decrease in earnings for Canopy Growth, their PEG ratio cannot be calculated.Price to Book Value per Share RatioCanopy Growth has a P/B Ratio of 0.40. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive WEED Stock News and Ratings via Email Sign-up to receive the latest news and ratings for Canopy Growth and its competitors with MarketBeat's FREE daily newsletter. Email Address About Canopy Growth (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.Read More WEED Stock News HeadlinesJuly 2, 2022 | americanbankingnews.comCanopy Growth (TSE:WEED) Price Target Cut to C$13.00July 1, 2022 | markets.businessinsider.comCanopy Growth Enters Into Additional Exchanges With Holders Of NotesJuly 1, 2022 | americanbankingnews.comCanopy Growth (TSE:WEED) Rating Reiterated by MKM PartnersJune 30, 2022 | theglobeandmail.comCannabis company Canopy Growth to exchange $255.4-million in notes for shares and cashJune 30, 2022 | finance.yahoo.comCanopy Growth Celebrates Summer with New 'Just Hits Different' Beverage CampaignJune 30, 2022 | finance.yahoo.comCanopy Growth shares fall after it agrees to convert debt into stock in deal with Constellation BrandsJune 29, 2022 | finance.yahoo.comCanopy Growth Announces Exchanges with Holders of Approximately US$198 Million of Convertible NotesJune 29, 2022 | msn.comCan These Beaten-Down Growth Stocks Be Revived?June 28, 2022 | seekingalpha.comCanopy Growth: Bankruptcy Risks Are Growing Like A WeedJune 26, 2022 | theglobeandmail.comCanopy Growth Corp stock advanced on Friday.June 14, 2022 | nasdaq.comHere's Why Tilray and Canopy Growth Jumped Tuesday but Hexo CrashedJune 14, 2022 | americanbankingnews.comCanopy Growth (TSE:WEED) Price Target Cut to C$5.50 by Analysts at Jefferies Financial GroupJune 13, 2022 | markets.businessinsider.comMeet Nancy Whiteman, Creator Of Wana Brands At The Upcoming Benzinga Cannabis Capital Conference In ChicagoSee More Headlines Industry, Sector and Symbol Stock ExchangeTSE Industry Drug Manufacturers - Specialty & Generic Sub-IndustryCannabis SectorMedical Current SymbolTSE:WEED CUSIPN/A CIKN/A Webwww.canopygrowth.com Phone+1-613-5999600FaxN/AEmployees2,700Year FoundedN/ACompany Calendar Today7/02/2022Next Earnings (Estimated)8/09/2022Price Target and Rating Average Stock Price ForecastC$8.65 High Stock Price ForecastC$22.00 Low Stock Price ForecastC$2.50 Forecasted Upside/Downside+136.3%Consensus RatingHold Rating Score (0-4)1.78571428571429 Research Coverage14 Analysts Profitability EPS (Most Recent Fiscal Year)N/A Trailing P/E RatioN/A Forward P/E RatioN/A P/E Growth-0.1Net IncomeN/A Net MarginsN/A Pretax MarginN/A Return on EquityN/A Return on AssetsN/A Debt Debt-to-Equity Ratio45.18 Current Ratio8.16 Quick Ratio6.94 Sales & Book Value Annual SalesC$520.32 million Price / Sales2.83 Cash FlowC$2.71 per share Price / Cash Flow1.35 Book ValueC$9.10 per share Price / Book0.40Miscellaneous Outstanding Shares402,858,000Free FloatN/AMarket CapC$1.47 billion OptionableNot Optionable BetaN/A Canopy Growth Frequently Asked Questions Should I buy or sell Canopy Growth stock right now? 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canopy Growth in the last year. There are currently 6 sell ratings, 5 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" Canopy Growth stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in WEED, but not buy additional shares or sell existing shares. View analyst ratings for Canopy Growth or view top-rated stocks. What is Canopy Growth's stock price forecast for 2022? 14 analysts have issued 1-year price objectives for Canopy Growth's stock. Their WEED stock forecasts range from C$2.50 to C$22.00. On average, they anticipate Canopy Growth's share price to reach C$8.65 in the next twelve months. This suggests a possible upside of 136.3% from the stock's current price. View analysts' price targets for Canopy Growth or view top-rated stocks among Wall Street analysts. How has Canopy Growth's stock performed in 2022? Canopy Growth's stock was trading at C$11.04 at the beginning of the year. Since then, WEED stock has decreased by 66.8% and is now trading at C$3.66. View the best growth stocks for 2022 here. When is Canopy Growth's next earnings date? Canopy Growth is scheduled to release its next quarterly earnings announcement on Tuesday, August 9th 2022. View our earnings forecast for Canopy Growth. Who are Canopy Growth's key executives? Canopy Growth's management team includes the following people: Mr. Bruce A. Linton, Co-Founder, Chairman & Co-CEO (Age 52)Mr. Mark Anthony Nicholas Zekulin, Pres & Co-CEOMr. Timothy Rob Saunders, Exec. OfficerMr. Rade Kovacevic, Exec. VPMr. Mike Lee, Acting Chief Financial Officer Who are some of Canopy Growth's key competitors? Some companies that are related to Canopy Growth include MassRoots (MSRT), Innovative Industrial Properties (IIPR), Cronos Group (MJN), CanniMed Therapeutics (CMED), OrganiGram (OGI), 22nd Century Group (XXII), Emblem (EMC), GrowGeneration (GRWG), ICC Labs (ICC), Leaf Mobile (LEAF), Bioventix (BVXP), Maple Leaf Green World (MGW), KushCo (KSHB), Net Savings Link (NSAV) and General Cannabis (CANN). View all of WEED's 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 (CGC), Aurora Cannabis (ACB), Aphria (APHA), Aurora Cannabis (ACB), Auxly Cannabis Group (CBWTF), KushCo (KSHB), Cronos Group (CRON), Aurora Cannabis (ACBFF), GW Pharmaceuticals (GWPH) and Alibaba Group (BABA). What is Canopy Growth's stock symbol? Canopy Growth trades on the Toronto Stock Exchange (TSX) under the ticker symbol "WEED." How do I buy shares of Canopy Growth? Shares of WEED 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. What is Canopy Growth's stock price today? One share of WEED stock can currently be purchased for approximately C$3.66. How much money does Canopy Growth make? Canopy Growth (TSE:WEED) has a market capitalization of C$1.47 billion and generates C$520.32 million in revenue each year. How many employees does Canopy Growth have? Canopy Growth employs 2,700 workers across the globe. How can I contact Canopy Growth? Canopy Growth's mailing address is 1 Hershey Dr, SMITHS FALLS, ON K7A 0A8, Canada. The official website for Canopy Growth is www.canopygrowth.com. The company can be reached via phone at +1-613-5999600. This page (TSE:WEED) was last updated on 7/2/2022 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas from top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. 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