Canopy Growth Corp Stock Today

WEED Stock  CAD 11.66  1.29  9.96%   

Performance

9 of 100

 
Low
 
High
OK

Odds Of Distress

Over 54

 
100  
 
Zero
Average
Canopy Growth is selling at 11.66 as of the 29th of March 2024; that is -9.96 percent decrease since the beginning of the trading day. The stock's open price was 12.95. Canopy Growth has 54 percent odds of going through some form of financial distress in the next two years and did not have a very good performance for investor during the last 90 trading days. Equity ratings for Canopy Growth Corp are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 9th of April 2022 and ending today, the 29th of March 2024. Click here to learn more.
Business Domain
Pharmaceuticals, Biotechnology & Life Sciences
Category
Healthcare
Classification
Health Care
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. The company has 91.11 M outstanding shares of which 958.61 K shares are at this time shorted by private and institutional investors with about 1.02 days to cover all short positions. More on Canopy Growth Corp

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Canopy Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Canopy Growth's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Canopy Growth or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
CEODavid Klein
Business ConcentrationPharmaceuticals, Pharmaceuticals, Biotechnology & Life Sciences, Health Care, Health Care, Pharmaceuticals, Drug Manufacturers—Specialty & Generic, Healthcare (View all Sectors)
Canopy Growth's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Canopy Growth's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Canopy Growth's financial leverage. It provides some insight into what part of Canopy Growth's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Canopy Growth's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Canopy Growth deploys its capital and how much of that capital is borrowed.
Liquidity
Canopy Growth cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company has accumulated 556.89 M in total debt with debt to equity ratio (D/E) of 0.12, which may suggest the company is not taking enough advantage from borrowing. Canopy Growth Corp has a current ratio of 8.02, suggesting that it is liquid and has the ability to pay its financial obligations in time and when they become due. Debt can assist Canopy Growth until it has trouble settling it off, either with new capital or with free cash flow. So, Canopy Growth's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Canopy Growth Corp sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Canopy to invest in growth at high rates of return. When we think about Canopy Growth's use of debt, we should always consider it together with cash and equity.

Total Cash From Operating Activities

(10.23 Million)
Canopy Growth Corp (WEED) is traded on Toronto Exchange in Canada and employs 1,621 people. Canopy Growth is listed under Pharmaceuticals category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 1.06 B. 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 Growth Corp operates under Pharmaceuticals sector and is part of Health Care industry. The entity has 91.11 M outstanding shares of which 958.61 K shares are at this time shorted by private and institutional investors with about 1.02 days to cover all short positions. Canopy Growth Corp has accumulated about 214.55 M in cash with (557.55 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.54.
Check Canopy Growth Probability Of Bankruptcy
Ownership Allocation
Canopy Growth Corp retains a total of 91.11 Million outstanding shares. Canopy Growth Corp shows 19.04 percent of its outstanding shares held by insiders and 4.9 percent owned by other corporate entities. Remember, it does not matter who owns the company or if the company is currently losing money. If the true value of the company is more than the market pays for it currently, you can still have a good investment opportunity.
Check Canopy Ownership Details

Canopy Stock Price Odds Analysis

Contingent on a normal probability distribution, the odds of Canopy Growth jumping above the current price in 90 days from now is near 1%. The Canopy Growth Corp probability density function shows the probability of Canopy Growth stock to fall within a particular range of prices over 90 days. Assuming the 90 days trading horizon Canopy Growth has a beta of 0.8725. This entails Canopy Growth Corp market returns are highly reactive to returns on the market. As the market goes up or down, Canopy Growth is expected to follow. Moreover, canopy Growth Corp has an alpha of 1.2055, implying that it can generate a 1.21 percent excess return over NYSE Composite after adjusting for the inherited market risk (beta).
  Odds Below 11.66HorizonTargetOdds Above 11.66
99.96%90 days
 11.66 
0.04%
Based on a normal probability distribution, the odds of Canopy Growth to move above the current price in 90 days from now is near 1 (This Canopy Growth Corp probability density function shows the probability of Canopy Stock to fall within a particular range of prices over 90 days) .

Canopy Growth Corp Risk Profiles

Investors will always prefer to have the highest possible return on investment while minimizing volatility. Canopy Growth market risk premium is the additional return an investor will receive from holding Canopy Growth long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Canopy Growth. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Canopy Growth's alpha and beta are two of the key measurements used to evaluate Canopy Growth's performance over the market, the standard measures of volatility play an important role as well.

Canopy Stock Against Markets

Picking the right benchmark for Canopy Growth stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Canopy Growth stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Canopy Growth is critical whether you are bullish or bearish towards Canopy Growth Corp at a given time. Please also check how Canopy Growth's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Canopy Growth without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Canopy Growth Corporate Directors

Canopy Growth corporate directors refer to members of a Canopy Growth board of directors. The board of directors generally takes responsibility for the Canopy Growth's affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of Canopy Growth's board members must vote for the resolution. The Canopy Growth board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.

How to buy Canopy Stock?

Before investing in Canopy Growth, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Canopy Growth. To buy Canopy Growth stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Canopy Growth. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Canopy Growth stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Canopy Growth Corp stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Canopy Growth Corp stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Canopy Growth Corp, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Canopy Stock please use our How to Invest in Canopy Growth guide.

Already Invested in Canopy Growth Corp?

The danger of trading Canopy Growth Corp is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Canopy Growth is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Canopy Growth. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Canopy Growth Corp is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Canopy Growth Corp offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Canopy Growth's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Canopy Growth Corp Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Canopy Growth Corp Stock:
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 tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Latest Portfolios module to quick portfolio dashboard that showcases your latest portfolios.

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When running Canopy Growth's price analysis, check to measure Canopy Growth's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canopy Growth is operating at the current time. Most of Canopy Growth's value examination focuses on studying past and present price action to predict the probability of Canopy Growth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canopy Growth's price. Additionally, you may evaluate how the addition of Canopy Growth to your portfolios can decrease your overall portfolio volatility.
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Please note, there is a significant difference between Canopy Growth's value and its price as these two are different measures arrived at by different means. Investors typically determine if Canopy Growth is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Canopy Growth's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.