TSE:WEED

Canopy Growth - WEED Stock Forecast, Price & News

C$2.46

0.00 (0.00%)

(As of 03/29/2023 03:45 PM ET)

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Today's Range: C$2.45
▼
C$2.52
50-Day Range: C$2.46
▼
C$4.19
52-Week Range: C$2.45
▼
C$10.78

Volume: 927,029 shs
Average Volume: 1.82 million shs
Market Capitalization: C$1.22 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: C$4.79

Canopy Growth MarketRank™ Forecast

Analyst Rating: Hold
1.60 Rating Score
Upside/Downside: 94.6% Upside
C$4.79 Price Target
Short Interest: N/A
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.72
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.74 out of 5 stars

2.8

Analyst's Opinion

Consensus Rating
Canopy Growth has received a consensus rating of Hold. The company's average rating score is 1.60, and is based on 1 buy rating, 4 hold ratings, and 5 sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$4.79, Canopy Growth has a forecasted upside of 94.6% from its current price of C$2.46.
Amount of Analyst Coverage
Canopy Growth has only been the subject of 1 research reports in the past 90 days.

N/A

Short Interest

Short Interest
There is no current short interest data available for WEED.

0.0

Dividend Strength

Dividend Yield
Canopy Growth does not currently pay a dividend.
Dividend Growth
Canopy Growth does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for WEED.

2.6

News and Social Media Coverage

News Sentiment
Canopy Growth has a news sentiment score of 0.72. 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 is a higher news sentiment than the 0.61 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Canopy Growth this week, compared to 4 articles on an average week.
Search Interest
Only 1 people have searched for WEED on MarketBeat in the last 30 days. This is a decrease of -96% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Canopy Growth to their MarketBeat watchlist in the last 30 days. This is a decrease of -71% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Canopy Growth insiders have not sold or bought any company stock.
Percentage Held by Insiders
34.73% of the stock of Canopy Growth is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 13.05% of the stock of Canopy Growth is held by institutions.

0.6

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Canopy Growth is -0.33, 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. Sector
The P/E ratio of Canopy Growth is -0.33, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Growth Ratio
Due to a projected decrease in earnings for Canopy Growth, their PEG ratio cannot be calculated.
Price to Book Value per Share Ratio
Canopy Growth has a P/B Ratio of 0.85. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Canopy Growth (TSE:WEED) Stock

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.

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WEED Stock News Headlines

March 29, 2023 | benzinga.com

Canopy Growth Launches Cannabis Beverage With Caffeine And Is Fined For Breach Of Service

March 29, 2023 | markets.businessinsider.com

Bank of America Securities Remains a Sell on Canopy Growth (CGC)

March 29, 2023 | Investor Place Media (Ad)

Biden To Unleash "Choke Point" Operation On America?

Biden's disturbing new government program may be worse than Obama's. You are at risk for having your bank account frozen. A former bank regulator is blowing the whistle on Biden's frightening plan to take over your money. Discover the immediate steps you need to take now.

March 29, 2023 | msn.com

This Will Be a Big Test for the Cannabis Industry

March 29, 2023 | finance.yahoo.com

SPRING FORWARD WITH CANOPY GROWTH'S PORTFOLIO OF CANNABIS BEVERAGES

March 28, 2023 | msn.com

3 TSX Stocks for Brave Investors to Consider Long Term

March 28, 2023 | seekingalpha.com

Canopy Growth ordered to pay C$15M for breach of service contract

March 24, 2023 | finance.yahoo.com

Constellation Brands, Inc.: Top Beer Brands and Innovation Drive Growth at Wide-Moat Constellation Brands; Stock Undervalued

March 29, 2023 | Investor Place Media (Ad)

Biden To Unleash "Choke Point" Operation On America?

March 21, 2023 | 247wallst.com

Unusual Put Option Trade in Canopy Growth Worth $55.81K

March 16, 2023 | marketwatch.com

Canopy Growth Corp. stock rises Thursday, outperforms market

March 15, 2023 | marketwatch.com

Canopy Growth Corp. stock outperforms market despite losses on the day

March 13, 2023 | markets.businessinsider.com

Latest Executive Changes In Marijuana Industry, New Appointments & Resignations

March 11, 2023 | msn.com

Are Cannabis Stocks a Good Buy in March 2023?

March 9, 2023 | msn.com

1 Trend for Cannabis Investors to Watch for in 2023

March 1, 2023 | msn.com

Canopy Growth Stock: Undervalued Gem or Falling Knife?

February 28, 2023 | marketwatch.com

Canopy Growth Corp. stock falls Monday, underperforms market

February 24, 2023 | msn.com

3 Things to Know About Canopy Growth Stock After Earnings

February 21, 2023 | marketwatch.com

Canopy Growth to Raise $150M in Convertible Debentures Sale

February 21, 2023 | msn.com

Canopy Growth announces agreement with institutional investor to purchase up to $150 million of convertible bonds

February 20, 2023 | fool.ca

Canopy Growth Stock: Is Now a Good Time to Invest?

February 20, 2023 | theglobeandmail.com

Canopy Growth’s downsizing leaves Smith Falls, a once-booming Ontario town, in limbo

February 14, 2023 | msn.com

SNDL Joins Tilray, Canopy And Curaleaf In Force Reductions: Layoffs 85 Employees At Olds, Alberta Facility

February 13, 2023 | bloomberg.com

California Wants Interstate Weed. That Could Backfire.

February 9, 2023 | markets.businessinsider.com

Here's Why Aurora Cannabis (ACB) Is Moving

February 9, 2023 | msn.com

Canopy Growth sheds assets in Canada, plans more layoffs

February 8, 2023 | msn.com

Will Aurora Cannabis fiscal 2023 Q2 results please investors?

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Drug Manufacturers - Specialty & Generic
Sub-Industry: Cannabis
Sector: Medical
Current Symbol: TSE:WEED
CUSIP: N/A
CIK: N/A
Web: www.canopygrowth.com
Phone: +1-613-5999600
Fax: N/A
Employees: 2,700
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: C$4.79
High Stock Price Forecast: C$13.00
Low Stock Price Forecast: C$1.75
Forecasted Upside/Downside: +94.6%
Consensus Rating: Hold
Rating Score (0-4): 1.60
Research Coverage: 10 Analysts

Profitability

EPS (Most Recent Fiscal Year): C($7.41)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: -0.01
Net Income: C$-3,140,000,000.00
Net Margins: N/A
Pretax Margin: N/A
Return on Equity: -112.00%
Return on Assets: -6.79%

Debt

Debt-to-Equity Ratio: 91.98
Current Ratio: 1.73
Quick Ratio: 2.32

Sales & Book Value

Annual Sales: C$440.96 million
Price / Sales: 2.76
Cash Flow: C$1.51 per share
Price / Cash Flow: 1.63
Book Value: C$2.88 per share
Price / Book: 0.85

Miscellaneous

Outstanding Shares: 494,890,000
Free Float: N/A
Market Cap: C$1.22 billion
Optionable: Not Optionable
Beta: 2.28

Key Executives

Mr. Bruce A. Linton (Age 52)
Co-Founder, Chairman & Co-CEO

Mr. Mark Anthony Nicholas Zekulin
Pres & Co-CEO

Mr. Timothy Rob Saunders
Exec. Officer

Mr. Rade Kovacevic
Exec. VP

Mr. Mike Lee
Acting Chief Financial Officer

Key Competitors

View All Competitors

Insiders

David Angelo Lazzarato
Sold 3,733 shares
Total: C$11,087.01 ($2.97/share)

View All Insider Transactions

WEED Stock - Frequently Asked Questions

Should I buy or sell Canopy Growth stock right now?: 10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canopy Growth in the last year. There are currently 5 sell ratings, 4 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" WEED shares. 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 WEED analyst ratings or view top-rated stocks.
What is Canopy Growth's stock price forecast for 2023?: 10 brokers have issued 1 year price targets for Canopy Growth's stock. Their WEED share price forecasts range from C$1.75 to C$13.00. On average, they expect the company's share price to reach C$4.79 in the next year. This suggests a possible upside of 94.6% from the stock's current price.
View analysts price targets for WEED or view top-rated stocks among Wall Street analysts.
How have WEED shares performed in 2023?: Canopy Growth's stock was trading at C$3.14 on January 1st, 2023. Since then, WEED stock has decreased by 21.7% and is now trading at C$2.46.
View the best growth stocks for 2023 here.
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), 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 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.
What is Canopy Growth's stock price today?: One share of WEED stock can currently be purchased for approximately C$2.46.
How much money does Canopy Growth make?: Canopy Growth (TSE:WEED) has a market capitalization of C$1.22 billion and generates C$440.96 million in revenue each year. The company earns C$-3,140,000,000.00 in net income (profit) each year or C($7.41) on an earnings per share basis.
How many employees does Canopy Growth have?: The company 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 the company is www.canopygrowth.com. The company can be reached via phone at +1-613-5999600.

This page (TSE:WEED) was last updated on 3/29/2023 by MarketBeat.com Staff

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Canopy Growth - WEED Stock Forecast, Price & News

Canopy Growth MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Canopy Growth (TSE:WEED) Stock

WEED Stock News Headlines

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

Insiders

WEED Stock - Frequently Asked Questions

Overall MarketRank^™