Canopy Growth Corp Stock Buy Hold or Sell Recommendation
| CGC Stock | USD 8.97 0.06 0.66% |
Considering the 90-day investment horizon and your typical level of risk aversion, our recommendation regarding Canopy Growth Corp is 'Hold'. Macroaxis provides Canopy Growth buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding CGC positions. The advice algorithm takes into account all of Canopy Growth's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Canopy Growth's buy or sell advice are summarized below:
Real Value 4.54 | Target Price 1.34 | Hype Value 8.19 | Market Value 8.97 | Naive Value 7.38 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Canopy Growth Corp given historical horizon and risk tolerance towards Canopy Growth. When Macroaxis issues a 'buy' or 'sell' recommendation for Canopy Growth Corp, the advice is generated through an automated system that utilizes algorithms and statistical models.
Canopy |
Execute Canopy Growth Buy or Sell Advice
The Canopy recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Canopy Growth Corp. Macroaxis does not own or have any residual interests in Canopy Growth Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Canopy Growth's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Hold
Market Performance | OK | Details | |
Volatility | Dangerous | Details | |
Hype Condition | Over hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | Above Average | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Investor Sentiment | Alarmed | Details | |
Analyst Consensus | Hold | Details | |
Financial Strenth (F Score) | Frail | Details | |
Financial Leverage | Inapplicable | Details | |
Reporting Quality (M-Score) | Unlikely Manipulator | Details |
Canopy Growth Trading Alerts and Improvement Suggestions
| Canopy Growth Corp is way too risky over 90 days horizon | |
| Canopy Growth Corp appears to be risky and price may revert if volatility continues | |
| Canopy Growth Corp has high likelihood to experience some financial distress in the next 2 years | |
| The company reported the last year's revenue of 402.9 M. Reported Net Loss for the year was (3.31 B) with loss before taxes, overhead, and interest of (81.94 M). | |
| Canopy Growth Corp has about 1.23 B in cash with (557.55 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 2.94. | |
| Canopy Growth Corp has a frail financial position based on the latest SEC disclosures | |
| Latest headline from finance.yahoo.com: Minister MacAulay announces appointment of new Chief Commissioner of the Canadian Grain Commission |
Canopy Growth Returns Distribution Density
The distribution of Canopy Growth's historical returns is an attempt to chart the uncertainty of Canopy Growth's future price movements. The chart of the probability distribution of Canopy Growth daily returns describes the distribution of returns around its average expected value. We use Canopy Growth Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Canopy Growth returns is essential to provide solid investment advice for Canopy Growth.
| Mean Return | 1.75 | Value At Risk | -10.51 | Potential Upside | 20.65 | Standard Deviation | 12.53 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Canopy Growth historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Canopy Stock Institutional Investors
Have you ever been surprised when a price of an equity instrument such as Canopy Growth is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Canopy Growth Corp backward and forwards among themselves. Canopy Growth's institutional investor refers to the entity that pools money to purchase Canopy Growth's securities or originates loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.
| Shares | Aequim Alternative Investments Lp | 2023-12-31 | 70 K | Royal Bank Of Canada | 2023-12-31 | 51.8 K | Td Asset Management Inc | 2023-12-31 | 51.7 K | Commonwealth Equity Services Inc | 2023-12-31 | 50.8 K | Scotia Capital Inc | 2023-12-31 | 49.1 K | Lpl Financial Corp | 2023-12-31 | 46.9 K | Group One Trading, Lp | 2023-12-31 | 46.1 K | Advisorshares Investments, Llc | 2023-12-31 | 36.9 K | Penserra Capital Management, Llc | 2023-12-31 | 36.3 K | Point72 Asset Management, L.p. | 2023-09-30 | 5.8 M | Lord, Abbett & Co Llc | 2023-12-31 | 562.6 K |
Canopy Growth Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 2.2B | (1.2B) | (148.5M) | (378.6M) | (99.0M) | 3.5M | |
| Free Cash Flow | (1.5B) | (639.9M) | (593.9M) | (568.1M) | (511.3M) | (536.9M) | |
| Capital Expenditures | 682.7M | 721.9M | 174.1M | 48.1M | 10.6M | 10.7M | |
| Net Income | (670.1M) | (1.4B) | (1.7B) | (320.5M) | (3.3B) | (9.4M) | |
| End Period Cash Flow | 2.5B | 1.3B | 1.2B | 776.0M | 677.0M | 2.0M | |
| Other Non Cash Items | 494.9M | 1.0B | (543.9M) | 2.6B | 3.0B | 3.1B | |
| Depreciation | 46.9M | 125.0M | 127.1M | 114.4M | 84.5M | 344.8K | |
| Change To Inventory | (144.9M) | (177.1M) | 17.2M | 173.2M | 55.6M | (3.4M) | |
| Net Borrowings | 595.3M | (100.2M) | 877.5M | (50.8M) | 2.1M | 2.0M | |
| Change To Netincome | 384.9M | 627.5M | 1.2B | (523.6M) | 3.7M | 3.5M |
Canopy Growth Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Canopy Growth or Pharmaceuticals sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Canopy Growth's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Canopy stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 1.44 | |
β | Beta against NYSE Composite | 3.46 | |
σ | Overall volatility | 12.81 | |
Ir | Information ratio | 0.13 |
Canopy Growth Volatility Alert
Canopy Growth Corp is displaying above-average volatility over the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Canopy Growth's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Canopy Growth's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Canopy Growth Implied Volatility
Canopy Growth's implied volatility exposes the market's sentiment of Canopy Growth Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Canopy Growth's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Canopy Growth stock will not fluctuate a lot when Canopy Growth's options are near their expiration.
Canopy Growth Fundamentals Vs Peers
Comparing Canopy Growth's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Canopy Growth's direct or indirect competition across all of the common fundamentals between Canopy Growth and the related equities. This way, we can detect undervalued stocks with similar characteristics as Canopy Growth or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Canopy Growth's fundamental indicators could also be used in its relative valuation, which is a method of valuing Canopy Growth by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Canopy Growth to competition |
| Fundamentals | Canopy Growth | Peer Average |
| Return On Equity | -1.22 | -0.31 |
| Return On Asset | -0.0889 | -0.14 |
| Operating Margin | (0.32) % | (5.51) % |
| Current Valuation | 1.22 B | 16.62 B |
| Shares Outstanding | 91.11 M | 571.82 M |
| Shares Owned By Insiders | 0.20 % | 10.09 % |
| Shares Owned By Institutions | 4.86 % | 39.21 % |
| Number Of Shares Shorted | 11.5 M | 4.71 M |
| Price To Earning | (20.08) X | 28.72 X |
| Price To Book | 1.79 X | 9.51 X |
| Price To Sales | 1.97 X | 11.42 X |
| Revenue | 402.9 M | 9.43 B |
| Gross Profit | (81.94 M) | 27.38 B |
| EBITDA | 1.75 B | 3.9 B |
| Net Income | (3.31 B) | 570.98 M |
| Cash And Equivalents | 1.23 B | 2.7 B |
| Cash Per Share | 2.94 X | 5.01 X |
| Total Debt | 1.31 B | 5.32 B |
| Debt To Equity | 0.95 % | 48.70 % |
| Current Ratio | 3.94 X | 2.16 X |
| Book Value Per Share | 6.57 X | 1.93 K |
| Cash Flow From Operations | (557.55 M) | 971.22 M |
| Short Ratio | 0.71 X | 4.00 X |
| Earnings Per Share | (15.50) X | 3.12 X |
| Price To Earnings To Growth | (0.11) X | 4.89 X |
| Target Price | 4.4 | |
| Number Of Employees | 1.62 K | 18.84 K |
| Beta | 2.03 | -0.15 |
| Market Capitalization | 822.76 M | 19.03 B |
| Total Asset | 2.44 B | 29.47 B |
| Retained Earnings | (9.67 B) | 9.33 B |
| Working Capital | 273.41 M | 1.48 B |
| Current Asset | 1.21 B | 9.34 B |
Note: Acquisition by Kruh Willy of 6673 shares of Canopy Growth subject to Rule 16b-3 [view details]
Canopy Growth Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Canopy . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
| Accumulation Distribution | 551008.0 | |||
| Daily Balance Of Power | (0.09) | |||
| Rate Of Daily Change | 0.99 | |||
| Day Median Price | 8.98 | |||
| Day Typical Price | 8.97 | |||
| Price Action Indicator | (0.04) | |||
| Period Momentum Indicator | (0.06) |
About Canopy Growth Buy or Sell Advice
When is the right time to buy or sell Canopy Growth Corp? Buying financial instruments such as Canopy Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2020 | 2021 | 2022 | 2024 (projected) | Total Stockholder Equity | 3.5B | 3.6B | 758.4M | 20.6M | Total Current Liabilities | 284.3M | 212.9M | 803.8M | 2.6M |
Use Investing Ideas to Build Portfolios
In addition to having Canopy Growth in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
Run Recreation Thematic Idea Now
Recreation
Fama and French investing themes focus on testing asset pricing under different economic assumptions. The Recreation theme has 34 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Recreation Theme or any other thematic opportunities.
| View All Next | Launch |
Check out Canopy Growth Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. Note that the Canopy Growth Corp information on this page should be used as a complementary analysis to other Canopy Growth's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the My Watchlist Analysis module to analyze my current watchlist and to refresh optimization strategy. Macroaxis watchlist is based on self-learning algorithm to remember stocks you like.
Complementary Tools for Canopy Stock analysis
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.
| Bond Analysis Evaluate and analyze corporate bonds as a potential investment for your portfolios. | |
| Idea Analyzer Analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas | |
| Sign In To Macroaxis Sign in to explore Macroaxis' wealth optimization platform and fintech modules | |
| Economic Indicators Top statistical indicators that provide insights into how an economy is performing | |
| AI Investment Finder Use AI to screen and filter profitable investment opportunities | |
| Commodity Directory Find actively traded commodities issued by global exchanges | |
| Portfolio Optimization Compute new portfolio that will generate highest expected return given your specified tolerance for risk | |
| Companies Directory Evaluate performance of over 100,000 Stocks, Funds, and ETFs against different fundamentals |
Is Canopy Growth's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Canopy Growth. If investors know Canopy will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Canopy Growth listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share (15.50) | Revenue Per Share 5.589 | Quarterly Revenue Growth (0.07) | Return On Assets (0.09) | Return On Equity (1.22) |
The market value of Canopy Growth Corp is measured differently than its book value, which is the value of Canopy that is recorded on the company's balance sheet. Investors also form their own opinion of Canopy Growth's value that differs from its market value or its book value, called intrinsic value, which is Canopy Growth's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Canopy Growth's market value can be influenced by many factors that don't directly affect Canopy Growth's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
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.