14 Days Historical Data
| Date | Opening price | Closing price | Minimum price | Maximum price |
| 2022-03-25 | Open: 8.480 | Close: 8.680 | Low: 7.860 | High: 8.745 |
| 2022-03-24 | Open: 6.980 | Close: 7.900 | Low: 6.920 | High: 7.920 |
| 2022-03-23 | Open: 7.420 | Close: 7.090 | Low: 7.060 | High: 7.420 |
| 2022-03-22 | Open: 6.890 | Close: 7.210 | Low: 6.890 | High: 7.250 |
Is it too late to buy Canopy Growth Stock?
Canopy Growth Stock’s Prospects in 2022 History may not always repeat itself, but it does at the very least rhyme. Once again, marijuana stocks have begun to rally after being incorrectly devalued.
Is Canopy Growth Stock a Buy Right Now?
Top marijuana stocks to buy started the week with some downside in the market. As the market prepares for the Fed meeting on Wednesday investors saw a selloff in many sectors including cannabis stocks. One area that has suffered significant losses during 2021 is Canadian marijuana stocks.
Should I sell Canopy Growth?
There are some legitimate reasons to sell Canopy Growth. For example, if you no longer believe the global cannabis market will grow as much as anticipated or that Canopy will be a leader in the...
Is Canopy Growth Corp. a good investment?
Is Canopy a good investment? Canopy has the potential to continue growing for years. The company has a commanding lead in the domestic market in Canada and has the requisite steps in play to become...
Is Canopy Growth still a good buy?
Bottom line: Canopy Growth stock is not in a buy zone, so it isn't a buy right now. IBD's research shows investors would be better off looking for stocks with stronger fundamentals and that are closer to their highs. Check out IBD Stock Lists and other IBD content to find dozens of the best stocks to buy or watch.
Why is Canopy Growth stock so low?
Canopy Growth reported a 36% drop in revenue from Canadian recreational cannabis sales compared with the same quarter a year ago. Canopy Growth stock is plummeting after the marijuana company delivered financial results that fell short of expectations.
Is Canopy Growth a Buy Sell or Hold?
Canopy 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.
What is the target price for Canopy Growth?
Stock Price Target CGCHigh$7.05Median$3.92Low$1.99Average$4.20Current Price$3.57
Will Canopy Growth stock go up?
Canopy Growth Corp (NASDAQ:CGC) The 15 analysts offering 12-month price forecasts for Canopy Growth Corp have a median target of 3.92, with a high estimate of 7.05 and a low estimate of 1.99. The median estimate represents a +3.39% increase from the last price of 3.79.
Should I buy Cgsi stock?
If you are looking for stocks with good return, CGS International Inc can be a profitable investment option. CGS International Inc quote is equal to 0.0611 USD at 2022-06-29. Based on our forecasts, a long-term increase is expected, the "CGSI" stock price prognosis for 2027-06-21 is 9.066 USD.
Is CGC a buy Zacks?
See rankings and related performance below. The VGM Score are a complementary set of indicators to use alongside the Zacks Rank....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.75%2Buy18.15%3Hold9.70%4Sell5.35%2 more rows
Is TLRY a buy or sell?
Shares of Tilray are not in a base or in buy range. So TLRY stock is not a buy right now. IBD advises investors to focus on stocks with stronger fundamentals that are moving into buy zones. Stocks To Buy: Is It Time To Buy Or Sell These Large-Cap Stocks?
Does Canopy Growth pay dividends?
Does Canopy Growth Corporation pay a dividend? Canopy Growth Corporation does not currently pay a dividend and has no current plans to introduce one in the future.
Should I buy or sell Canopy Growth stock right now?
15 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Canopy Growth in the last twelve months. There are curr...
What is Canopy Growth's stock price forecast for 2022?
15 Wall Street research analysts have issued 12-month price objectives for Canopy Growth's shares. Their CGC stock forecasts range from $3.50 to $2...
How has Canopy Growth's stock price performed in 2022?
Canopy Growth's stock was trading at $8.73 at the beginning of 2022. Since then, CGC shares have decreased by 58.2% and is now trading at $3.65. V...
When is Canopy Growth's next earnings date?
Canopy Growth is scheduled to release its next quarterly earnings announcement on Friday, August 5th 2022. View our earnings forecast for Canopy G...
How were Canopy Growth's earnings last quarter?
Canopy Growth Co. (NASDAQ:CGC) announced its quarterly earnings results on Friday, May, 27th. The company reported ($1.46) earnings per share (EPS)...
Who are Canopy Growth's key executives?
Canopy Growth's management team includes the following people: Mr. David Eric Klein , CEO & Director (Age 58, Pay $2.79M) Mr. Julious C. Grant J...
Who are some of Canopy Growth's key competitors?
Some companies that are related to Canopy Growth include Tilray (TLRY) , USANA Health Sciences (USNA) , Cronos Group (CRON) , Cresco Labs (CRLB...
What is Canopy Growth's stock symbol?
Canopy Growth trades on the NASDAQ under the ticker symbol "CGC."
Who are Canopy Growth's major shareholders?
Canopy Growth's stock is owned by many different retail and institutional investors. Top institutional investors include Vanguard Group Inc. (2.00%...
Historical and forecast chart of Canopy Growth stock
The chart below shows the historical price of Canopy Growth stock and a prediction chart for the next month. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the Canopy Growth stock price can be found in the table below.
Canopy Growth Daily Price Targets
Forecast target price for 02-25-2022: $ 7.19. Positive dynamics for Canopy Growth shares will prevail with possible volatility of 3.725%.
Canopy Growth forecast for this year
An uptrend is forecast for this month with an optimal target price of $ 7.9079. Pessimistic: $7.14. Optimistic: $8.60
Canopy Growth information and performance
The Canopy Growth Corporation, together with its subsidiaries, manufactures, distributes and markets cannabis for recreational and medical purposes, primarily in Canada, the United States, Germany and the United Kingdom. It operates in two segments: cannabis, hemp and other consumer products; and hinged rivers.
About Canopy Growth
Canopy Growth Corp. engages in the production and sale of medical cannabis. The firm operates through the following segments: Global Cannabis and Other Consumer Products.
Canopy Growth (NASDAQ:CGC) Frequently Asked Questions
12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canopy Growth in the last year. There are currently 5 sell ratings, 6 hold ratings and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" Canopy Growth stock.
Not all is well for the former marijuana titan
Canopy Growth ( CGC -7.01% ) was once the king of marijuana producers in Canada. However, the company has recently fallen on hard times. Over the past six months, its stock has fallen by 42% -- with no end in sight.
The fundamentals don't look good
During its 2021 fiscal year (ended March 31), Canopy Growth's revenue was up 37% year over year to CA$546.6 million. However, the company suffered an operating loss of CA$1.243 billion -- still a large number, albeit an improvement over the CA$1.669 billion it lost in 2020.
NASDAQ: CGC
As a result, the company is running into major issues with unsold inventory and overexpansion of production facilities. These expenses totaled more than CA$564 million in the past year.
What's the verdict?
One thing Canopy Growth has going is its recent acquisition of cannabis grower and dispensary operator Supreme Cannabis, completed last month. In the third quarter of 2021 (ended March 31), Supreme Cannabis grew its revenue by 40% to CA$13.6 million compared to the prior year's quarter.
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