Canopy Growth Stock Is 21% Down In The Last 10 Sessions

(VIANEWS) – Shares of Canopy Growth (NASDAQ: CGC) slid by a staggering 21.1% in 10 sessions from $1.1 at 2023-05-19, to $0.87 at 12:54 EST on Friday, after five successive sessions in a row of losses. NASDAQ is jumping 1.97% to $12,948.22, following the last session’s upward trend.

Canopy Growth’s last close was $0.88, 87.07% under its 52-week high of $6.83.

About Canopy Growth

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. It operates through two segments, Global Cannabis and Other Consumer Products. The company's products include dried cannabis flower, extracts and concentrates, beverages, gummies, and vapes. It offers its products under the Tweed, 7ACRES, 7ACRES Craft Collective, DOJA, Ace Valley, Quatreau, Deep Space, First + Free, Surity Pro, Spectrum Therapeutics, Vert, Tokyo Smoke, Twd, Martha Stewart CBD, DNA Genetics, BioSteel, Storz & Bickel, This Works, HiWay, Simple Stash, Whisl, and Truverra brands. The company was formerly known as Tweed Marijuana Inc. and changed its name to Canopy Growth Corporation in September 2015. Canopy Growth Corporation was incorporated in 2009 and is headquartered in Smiths Falls, Canada.

Earnings Per Share

As for profitability, Canopy Growth has a trailing twelve months EPS of $-4.36.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -112%.

Moving Average

Canopy Growth’s worth is way under its 50-day moving average of $2.11 and way below its 200-day moving average of $2.80.

Growth Estimates Quarters

The company’s growth estimates for the ongoing quarter and the next is 86.8% and 96.6%, respectively.

Yearly Top and Bottom Value

Canopy Growth’s stock is valued at $0.87 at 12:54 EST, way under its 52-week low of $1.43.

More news about Canopy Growth (CGC).

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