Atb Cap Markets upgraded shares of Canopy Growth (NASDAQ:CGC – Free Report) to a hold rating in a research report report published on Monday, Zacks.com reports. Atb Cap Markets also issued estimates for Canopy Growth’s FY2025 earnings at ($1.36) EPS, FY2026 earnings at ($0.76) EPS, FY2028 earnings at ($0.39) EPS and FY2029 earnings at ($0.13) EPS.
Canopy Growth Stock Performance
Shares of CGC opened at $7.09 on Monday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.58 and a quick ratio of 1.25. The stock has a 50-day moving average of $8.76 and a 200-day moving average of $6.35. The company has a market cap of $540.26 million, a PE ratio of -1.11 and a beta of 0.95. Canopy Growth has a one year low of $2.76 and a one year high of $19.20.
Insider Activity
In related news, Director Willy Kruh sold 3,738 shares of the firm’s stock in a transaction dated Monday, June 10th. The shares were sold at an average price of $9.94, for a total value of $37,155.72. Following the transaction, the director now owns 17,295 shares of the company’s stock, valued at approximately $171,912.30. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 5,562 shares of company stock worth $55,286 in the last three months. Company insiders own 0.35% of the company’s stock.
Hedge Funds Weigh In On Canopy Growth
About Canopy Growth
Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. It operates through two segments, Global Cannabis and Other Consumer Products.
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