What Are The Risk Factors For Canopy Growth Corporation (CGC)?

As of Friday close, Canopy Growth Corporation’s (NASDAQ:CGC) stock was up $0.55, moving up 10.24 percent to $5.92. The average number of shares traded per day over the past five days has been 6,417,380 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.05 fall in that time frame. In the last twenty days, the average volume was 6,117,955, while in the previous 50 days, it was 7,728,548.

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Since last month, CGC stock retreated -16.74%. Shares of the company fell to $4.82 on 05/12/22, the lowest level in the past month. A 52-week high of $26.96 was reached on 01/03/22 after having rallying from a 52-week low of $4.82. Since the beginning of this year, CGC’s stock price has dropped by -32.19% or -$2.81, and marked a new high 1 time. However, the stock has declined by -78.04% since its 52-week high.

Financial Health

Based on annual data, CGC earned $50.75 million in gross profit and brought in $414.31 million in revenue.

In Canopy Growth Corporation’s quarter-end financial report for September 29, it reported total debt of $1.14 billion against cash and short-term investments of $618.84 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. CGC’s revenue fell -9.6% to $111.57 million during the quarter, while net income inched up to $118.75 million. While analysts expected Canopy Growth Corporation to report -$0.16 quarterly earnings, the actual figure was -$0.02 per share, beating the consensus estimate by 87.50%. During the quarter, the company generated -$95.22 million in EBITDA. The liabilities of Canopy Growth Corporation were 1.72 billion at the end of its most recent quarter ended September 29, and its total debt was $1.65 billion. The value of shareholders’ equity is $394.17 million.

Technical Picture

This quick technical analysis looks at Canopy Growth Corporation’s (CGC) price momentum. With a historical volatility rate of 114.74%, the RSI 9-day stood at 51.92% on 13 May.

With respect to its five-day moving average, the current Canopy Growth Corporation price is down by -0.84% percent or -$0.05. At present, CGC shares trade -13.20% below its 20-day simple moving average and -32.34% percent below its 100-day simple moving average. However, the stock is currently trading approximately -11.64% below its SMA50 and -69.70% below its SMA200.

Stochastic coefficient K was 29.85% and Stochastic coefficient D was 22.25%, while ATR was 0.53. Given the Stochastic reading of 58.20% for the 14-day period, the RSI (14) reading has been calculated as 48.58%. As of today, the MACD Oscillator reading stands at -0.36, while the 14-day reading stands at -0.27.


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