Stock Downgraded: Canopy Growth Corporation (NYSE:CGC)
Analyst at Bryan Garnier downgraded the Canopy Growth Corporation (NYSE:CGC) stock from Buy → Neutral on July 5, 2019.
A Healthcare sector firm, Canopy Growth Corporation (NYSE:CGC) stock shed -2.19% on Friday and when day-trade ended the stock finally concluded at $40.16 and number of shares that changed hands during the day are 3.12 Million. The number of shares CGC stock currently held by all its shareholders are 40.64 and floated shares. The average volume of shares for 3 months is 4947.46 and CGC stock value has moved between $24.19 – 59.06 in last one year.
The Canopy Growth Corporation (NYSE:CGC)’s latest earnings date is 6/20/2019. The Gross margin is the difference between the revenue and the cost of goods sold (COGS), divided by revenue. In other words, Gross Margin is a percentage value, while Gross Profit is a monetary value. Canopy Growth Corporation (NYSE:CGC) stock has gained 49.46% in 2019 to date.
Canopy Growth Corporation (NYSE:CGC)’s monthly stock performance is -1.64%, the quarterly performance is -7.27%, the half year performance is calculated as 42.87%. The yearly performance of CGC is 35.81%.
The higher the volatility, the riskier the security. For example, when the stock market rises and falls more than one percent over a sustained period of time, it is called a “volatile” market, if the stock price stays relatively stable, the security has low volatility. The Canopy Growth Corporation (NYSE:CGC) weekly volatility is measured as 3.48% and monthly volatility measured as 3.45%.
The price to book ratio for CGC stock is 7.60. Canopy Growth Corporation (NYSE:CGC) current share price indicates that stock is -32.22% away from its one year high and is moving 65.88% ahead of its 52-week low. CGC’s distance from 20 day simple moving average is -3.17% and distance from 50-Day simple moving average is -8.87%.