Canopy Growth Corp Stock Analysis

Canopy Stock Analysis Notes

About 19.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.79. Some equities with similar Price to Book (P/B) outperform the market in the long run. Canopy Growth Corp recorded a loss per share of 15.43. 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 and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. Canopy Growth Corporation was incorporated in 2009 and is headquartered in Smiths Falls, Canada. Canopy Growth operates under Drug ManufacturersSpecialty Generic classification in the United States and is traded on NASDAQ Exchange. It employs 3151 people. For more info on Canopy Growth Corp please contact David Klein at 855 558 9333 or go to https://www.canopygrowth.com.

Canopy Growth Corp Investment Alerts

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Canopy Largest EPS Surprises

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Canopy Growth Thematic Classifications

Canopy Stock Institutional Investors

Note, although Canopy Growth's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Canopy Market Capitalization

The company currently falls under 'Small-Cap' category with a total capitalization of 715.51 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

Management Efficiency

Canopy Growth Corp has Return on Asset of (0.0889) % which means that on every $100 spent on assets, it lost $0.0889. This is way below average. In the same way, it shows a return on shareholders' equity (ROE) of (1.2156) %, meaning that it generated no profit with money invested by stockholders. Canopy Growth's management efficiency ratios could be used to measure how well Canopy Growth manages its routine affairs as well as how well it operates its assets and liabilities. As of April 23, 2024, Return On Tangible Assets is expected to decline to -0.36. The current year's Return On Capital Employed is expected to grow to -0.32. At present, Canopy Growth's Debt To Assets are projected to increase slightly based on the last few years of reporting. The current year's Asset Turnover is expected to grow to 0.05, whereas Total Assets are forecasted to decline to about 24.7 M.

Technical Drivers

As of the 23rd of April, Canopy Growth shows the Risk Adjusted Performance of 0.0837, downside deviation of 6.59, and Mean Deviation of 7.49. Canopy Growth Corp technical analysis gives you the methodology to make use of historical prices and volume patterns to determine a pattern that approximates the direction of the firm's future prices. Put another way, you can use this information to find out if the firm will indeed mirror its model of historical prices and volume momentum, or the prices will eventually revert. We were able to analyze and collect data for nineteen technical drivers for Canopy Growth Corp, which can be compared to its peers. Please confirm Canopy Growth Corp maximum drawdown, semi variance, and the relationship between the jensen alpha and potential upside to decide if Canopy Growth Corp is priced correctly, providing market reflects its regular price of 9.03 per share. Given that Canopy Growth has jensen alpha of 1.25, we suggest you to validate Canopy Growth Corp's prevailing market performance to make sure the company can sustain itself at a future point.

Canopy Growth Corp Price Movement Analysis

Canopy Growth Corp Insider Trading Activities

Canopy Growth Predictive Daily Indicators

Canopy Growth Corporate Filings

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.

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.

We track the performance of the top 100 financial experts across various large and mid-size financial boutiques. Canopy analyst recommendations are determined by taking all analyst recommendations and averaging them as Strong Buy, Buy, Hold, Strong Sell or Sell. There is no one specific way to measure analysis performance other than comparing it to the past results via a very sophisticated attribution analysis. Canopy analyst consensus and target price projections should be used in combination with other traditional techniques such as stock price forecasting, technical analysis, earnings estimate, and various momentum models.

Canopy Growth Corp stock analysis indicators help investors evaluate how Canopy Growth stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing and determine when trading Canopy Growth shares will generate the highest return on investment. By understating and applying Canopy Growth stock analysis, traders can identify Canopy Growth position entry and exit signals to maximize returns.

Check out Trending Equities 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 price. 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 AI Portfolio Architect module to use AI to generate optimal portfolios and find profitable investment opportunities.

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.

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.

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.