Canopy Stock Analysis

CGC
 Stock
  

USD 3.42  0.51  12.98%   

The current price rise of Canopy Growth Corp could raise concerns from investors as the firm is trading at a share price of 3.42 on 6,375,492 in volume. The company directors and management may have good odds in positioning the firm resources to exploit market volatility in January. The stock standard deviation of daily returns for 90 days investing horizon is currently 8.37. The very high volatility is mostly attributed to the latest market swings and not very good earnings reports from some of the Canopy Growth partners.
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The Canopy Growth stock analysis report makes it easy to digest most publicly released information about Canopy Growth and get updates on important government artifacts, including earning estimates, SEC corporate filings, and announcements. Canopy Stock analysis module also helps to analyze the Canopy Growth price relationship with some important fundamental indicators such as market cap and management efficiency.

Canopy Stock Analysis Notes

About 36.0% of the company shares are held by company insiders. The company has price-to-book (P/B) ratio of 1.38. 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 0.59. The entity had not issued any dividends in recent years. 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

Many investors view ongoing market volatility as an opportunity to purchase more stocks at a favorable price or short it to generate a bearish trend profit opportunity. If you are one of those investors, make sure you clearly understand the position you are entering. Canopy Growth's investment alerts are automatically generated signals that are significant enough to either complement your investing judgment regarding Canopy Growth Corp or challenge it. These alerts can help you understand what you are buying and avoid costly mistakes.
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
The company reported the last year's revenue of 520.33 M. Reported Net Loss for the year was (320.49 M) with loss before taxes, overhead, and interest of (81.94 M).
Canopy Growth Corp has about 1.23 B in cash with (545.81 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
Roughly 36.0% of the company shares are held by company insiders
Latest headline from news.google.com: Why Marijuana Legalization Could Be Bad News for Canopy Growth and Tilray Brands - Nasdaq

Canopy Growth Corp Upcoming and Recent Events

Earnings reports are used by Canopy Growth to provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Every quarterly earnings report provides investors with three things: an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Canopy Growth previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.
Upcoming Quarterly Report8th of February 2022
Next Financial Report7th of June 2022
Next Fiscal Quarter End31st of December 2021
Next Fiscal Year End7th of June 2022
Last Quarter Report30th of September 2021
Last Financial Announcement31st of December 2020

Canopy Largest EPS Surprises

Earnings surprises can significantly impact Canopy Growth's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate.
Reported
Fiscal Date
Estimated EPS
Reported EPS
Surprise
2016-08-29
2016-06-30-0.03-0.04-0.0133 
2016-02-25
2015-12-31-0.02-0.03-0.0150 
2017-08-14
2017-06-30-0.05-0.030.0240 
View All Earnings Estimates

Canopy Growth SEC Filings

SEC filings are important regulatory documents required of all public companies to provide to potential investors. Canopy Growth prospectus issued under the guidelines of SEC is a legal declaration of facts and statements to ensure that Canopy Growth investors are not misled. SEC filings are required by law to meet strict transparency standards and other important legal constraints. Although many companies may choose careful wording to disguise some material information, SEC filings make crucial Canopy Growth Corp specific information freely available to individual and institutional investors to make a timely investment decision.
16th of September 2022
Submission of Matters to a Vote of Security Holders. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
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5th of August 2022
Financial Statements and Exhibits. Results of Operations and Financial Condition
View
22nd of July 2022
Other Events. Unregistered Sales of Equity Securities
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19th of July 2022
Unclassified Corporate Event
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5th of July 2022
Financial Statements and Exhibits. Other Events. Regulation FD Disclosure. Unregistered Sales of Equity Securities. Entry into a Material Definitive Agreement
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1st of July 2022
Unclassified Corporate Event
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17th of June 2022
Financial Statements and Exhibits. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers
View
27th of May 2022
Financial Statements and Exhibits. Results of Operations and Financial Condition
View

Canopy Market Capitalization

The company currently falls under 'Mid-Cap' category with total capitalization of 1.93 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 these looking for more risk prefer small-cap and mid-cap equities.

Canopy Profitablity

Canopy Growth's profitability indicators refer to fundamental financial ratios that showcase Canopy Growth's ability to generate income relative to its revenue or operating costs. If, let's say, Canopy Growth is currently losing money, the management's focus should be on how to reverse that trend. However, when revenue exceeds expenses, Canopy Growth's executives or investors may be in less hurry to break that information down - which is where profitability analysis comes into play. Gaining a greater understanding of Canopy Growth's profitability requires more research than a typical breakdown of Canopy Growth's financial statements. By doing a profitability analysis, companies can identify areas needing attention, and investors can make a profitable trade.
Last ReportedProjected for 2022
Return on Average Assets(0.048) (0.05) 
Return on Average Equity(0.07) (0.08) 
Return on Invested Capital(0.07) (0.07) 
Return on Sales(0.60) (0.65) 

Management Efficiency

The entity has Return on Asset of (0.0649) % which means that on every $100 spent on asset, it lost $0.0649. This is way below average. In the same way, it shows return on shareholders equity (ROE) of (1.0081) %, meaning that it generated no profit with money invested by stockholders. Canopy Growth management efficiency ratios could be used to measure how well canopy growth corp manages its routine affairs as well as how well it operates its assets and liabilities. As of December 2, 2022, Return on Average Assets is expected to decline to -0.05. In addition to that, Return on Average Equity is expected to decline to -0.08. Canopy Growth Total Assets are projected to increase significantly based on the last few years of reporting. The past year's Total Assets were at 5.62 Billion. The current year Current Assets is expected to grow to about 2.1 B, whereas Assets Non Current are forecasted to decline to about 3.7 B.
Last ReportedProjected for 2022
Book Value per Share 9.17  11.58 
Enterprise Value over EBIT(15.00) (16.18) 
Enterprise Value over EBITDA(23.65) (24.28) 
Price to Book Value 1.05  1.08 
Tangible Assets Book Value per Share 8.93  11.14 
Enterprise Value3.7 B5.7 B
Tangible Asset Value3.5 B3.8 B

Technical Drivers

As of the 2nd of December, Canopy Growth shows the Downside Deviation of 7.28, mean deviation of 5.8, and Risk Adjusted Performance of 0.0862. 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 rivals. 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 3.42 per share. Given that Canopy Growth has jensen alpha of 0.1129, 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

The output start index for this execution was twenty-three with a total number of output elements of thirty-eight. The Triangular Moving Average shows Canopy Growth double smoothed mean price over a specified number of previous prices (i.e., averaged twice).
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Canopy Growth Corp Insider Trading Activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Canopy Growth insiders, such as employees or executives, is commonly permitted as long as it does not rely on Canopy Growth's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Canopy Growth insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.
David Lazzarato over a month ago via Macroaxis 
Payment of 3726 shares by David Lazzarato of Canopy Growth subject to Rule 16b-3
Gedeon Christelle over three months ago via Macroaxis 
Acquisition by Gedeon Christelle of 262162 shares of Canopy Growth subject to Rule 16b-3
Gedeon Christelle over three months ago via Macroaxis 
Acquisition by Gedeon Christelle of 131081 shares of Canopy Growth subject to Rule 16b-3
Theresa Yanofsky over three months ago via Macroaxis 
Acquisition by Theresa Yanofsky of 26786 shares of Canopy Growth subject to Rule 16b-3
Constellation Brands Inc over three months ago via Macroaxis 
Acquisition or disposition of Canopy Growth securities by Constellation Brands Inc
Theresa Yanofsky over three months ago via Macroaxis 
Payment of 3707 shares by Theresa Yanofsky of Canopy Growth subject to Rule 16b-3
Constellation Brands Inc over three months ago via Macroaxis 
Acquisition or disposition of Canopy Growth securities by Constellation Brands Inc
Judy Hong over three months ago via Macroaxis 
Acquisition by Judy Hong of 303201 shares of Canopy Growth subject to Rule 16b-3
Judy Hong over three months ago via Macroaxis 
Sale by Judy Hong of 1021 shares of Canopy Growth
David Klein over six months ago via Macroaxis 
Payment of 85976 shares by David Klein of Canopy Growth subject to Rule 16b-3
Theresa Yanofsky over six months ago via Macroaxis 
Payment of 670 shares by Theresa Yanofsky of Canopy Growth subject to Rule 16b-3
Judy Hong over six months ago via Macroaxis 
Payment of 589 shares by Judy Hong of Canopy Growth subject to Rule 16b-3

Canopy Growth Technical and Predictive Indicators

Canopy Growth Forecast Models

Canopy Growth time-series forecasting models is one of many Canopy Growth's stock analysis techniquest aimed to predict 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.

About Canopy Stock Analysis

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.
Last ReportedProjected for 2022
EBITDA Margin(0.38) (0.41) 
Gross Margin(0.37) (0.38) 
Profit Margin(0.58) (0.63) 

Current Canopy Analysis - Recommendations

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.
Target PriceAdvice# of Analysts
12.15Sell9Odds
Canopy Growth Corp current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Canopy analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Canopy stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Canopy Growth Corp, talking to its executives and customers, or listening to Canopy conference calls.
Canopy Analyst Advice Details

Canopy Stock Analysis Indicators

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.
Begin Period Cash Flow1154653000.00
Logo U R LimglogosUSCGC.png
Common Stock Shares Outstanding391324285.00
Total Stockholder Equity3589956000.00
DescriptionCanopy 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. The companys products
Total Cashflows From Investing Activities230819000.00
Tax Provision-8948000.00
Property Plant And Equipment Net942780000.00
Retained Earnings-6370337000.00
Cash And Short Term Investments1371656000.00
Cash776005000.00
CodeCGC
Accounts Payable64270000.00
Net Debt864146000.00
50 Day M A3.1396
Total Current Liabilities212898000.00
Currency CodeUSD
Other Operating Expenses1222600000.00
Non Current Assets Total3877648000.00
Non Currrent Assets Other473937000.00
Continue to Trending Equities. 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 Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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When running Canopy Growth Corp 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 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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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 Canopy Growth value 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.