Canopy Growth Corp Stock Analysis
| WEED Stock | CAD 1.58 0.11 6.51% |
Canopy Growth Corp is fairly valued with Real Value of 1.54 and Hype Value of 1.58. The main objective of Canopy Growth stock analysis is to determine its intrinsic value, which is an estimate of what Canopy Growth Corp is worth, separate from its market price. There are two main types of Canopy Growth's stock analysis: fundamental analysis and technical analysis. Fundamental analysis focuses on the financial and economic factors that affect Canopy Growth's performance, such as revenue growth, earnings, and financial stability. Technical analysis, on the other hand, focuses on the price and volume data of Canopy Growth's stock to identify patterns and trends that may indicate its future price movements.
The Canopy Growth stock is traded in Canada on Toronto Exchange, with the market opening at 09:30:00 and closing at 16:00:00 every Mon,Tue,Wed,Thu,Fri except for officially observed holidays in Canada. Canopy Growth is usually not traded on Family Day, Good Friday, Victoria Day, Canada Day, Civic Holiday, Labour Day, Thanksgiving Day, Christmas Day, Boxing Day, New Year 's Day. Canopy Stock trading window is adjusted to America/Toronto timezone.
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Canopy Stock Analysis Notes
The company has Price to Book (P/B) ratio of 0.65. Historically many companies with similar price-to-book (P/B) ratio do better than the market in the long run. Canopy Growth Corp recorded a loss per share of 5.62. The entity had not issued any dividends in recent years. The firm had 1:10 split on the 20th of December 2023. Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis for recreational and medical purposes primarily in Canada, the United States, Germany, and the United Kingdom. Canopy Growth Corporation is headquartered in Smiths Falls, Canada. CANOPY GROWTH operates under Drug ManufacturersSpecialty Generic classification in Canada and is traded on Toronto Stock Exchange. It employs 4434 people. For more information please call Luc Mongeau at 855 558 9333 or visit https://www.canopygrowth.com.Canopy Growth Corp Investment Alerts
| Canopy Growth Corp generated a negative expected return over the last 90 days | |
| Canopy Growth Corp has high historical volatility and very poor performance | |
| Canopy Growth Corp may become a speculative penny stock | |
| The company reported the revenue of 269 M. Net Loss for the year was (598.12 M) with profit before overhead, payroll, taxes, and interest of 81.5 M. | |
| Canopy Growth Corp has accumulated about 130 K in cash with (165.75 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.54, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
Canopy Market Capitalization
The company currently falls under 'Small-Cap' category with a current market capitalization of 360.23 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Canopy Growth's market, we take the total number of its shares issued and multiply it by Canopy Growth's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.Canopy Profitablity
Canopy Growth's profitability indicators refer to fundamental financial ratios that showcase Canopy Growth's ability to generate income relative to its revenue or operating costs. If, let's say, Canopy Growth is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Canopy Growth's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Canopy Growth's profitability requires more research than a typical breakdown of Canopy Growth's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
The company has Profit Margin (PM) of (2.22) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (0.06) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $0.06. Technical Drivers
As of the 23rd of July, Canopy Growth shows the Risk Adjusted Performance of (0.02), mean deviation of 4.8, and Standard Deviation of 6.81. In respect to fundamental indicators, the technical analysis model gives you tools to check existing technical drivers of Canopy Growth, as well as the relationship between them.Canopy Growth Corp Price Movement Analysis
The output start index for this execution was twenty-three with a total number of output elements of thirty-eight. The Bollinger Bands is very popular indicator that was developed by John Bollinger. It consist of three lines. Canopy Growth middle band is a simple moving average of its typical price. The upper and lower bands are (N) standard deviations above and below the middle band. The bands widen and narrow when the volatility of the price is higher or lower, respectively. The upper and lower bands can also be interpreted as price targets for Canopy Growth Corp. When the price bounces off of the lower band and crosses the middle band, then the upper band becomes the price target.
Canopy Growth Outstanding Bonds
Canopy Growth issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Canopy Growth Corp uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Canopy bonds can be classified according to their maturity, which is the date when Canopy Growth Corp has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.
Canopy Growth Predictive Daily Indicators
Canopy Growth intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Canopy Growth stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.
| Accumulation Distribution | 267918.0 | |||
| Daily Balance Of Power | (0.79) | |||
| Rate Of Daily Change | 0.93 | |||
| Day Median Price | 1.64 | |||
| Day Typical Price | 1.62 | |||
| Price Action Indicator | (0.11) | |||
| Period Momentum Indicator | (0.11) | |||
| Relative Strength Index | 46.17 |
Canopy Growth Forecast Models
Canopy Growth's time-series forecasting models are one of many Canopy Growth's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Canopy Growth's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.About Canopy Stock Analysis
Stock analysis is the technique used by a trader or investor to examine and evaluate how Canopy Growth prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Canopy shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Canopy Growth. By using and applying Canopy Stock analysis, traders can create a robust methodology for identifying Canopy entry and exit points for their positions.
Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis for recreational and medical purposes primarily in Canada, the United States, Germany, and the United Kingdom. Canopy Growth Corporation is headquartered in Smiths Falls, Canada. CANOPY GROWTH operates under Drug ManufacturersSpecialty Generic classification in Canada and is traded on Toronto Stock Exchange. It employs 4434 people.
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Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Canopy Growth Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Fundamental Analysis module to view fundamental data based on most recent published financial statements.