Canopy Growth Stock 30.42% Up On Wednesday

(VIANEWS) – The NASDAQ ended the session with Canopy Growth (CGC) jumping 30.42% to $10.89 on Wednesday while NASDAQ jumped 0.23% to $16,277.46.

Canopy Growth’s last close was $8.35, 60.98% under its 52-week high of $21.40.

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 $-15.67.

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 -121.56%.

Earnings Before Interest, Taxes, Depreciation, and Amortization

Canopy Growth’s EBITDA is 1.8.

Stock Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Canopy Growth’s stock is considered to be overbought (>=80).

Growth Estimates Quarters

The company’s growth estimates for the present quarter and the next is 96.5% and 44.2%, respectively.


Canopy Growth’s last week, last month’s, and last quarter’s current intraday variation average was a negative 12.64%, a positive 5.19%, and a positive 6.71%.

Canopy Growth’s highest amplitude of average volatility was 12.64% (last week), 11.99% (last month), and 6.71% (last quarter).

More news about Canopy Growth (CGC).

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