With 6.53 million shares changed hands, the volume of the stock remained lighter than its average volume of 7.4 million shares. The 52-week range on CGC shows that it touched its highest point at $14.92 and its lowest point at $1.21 during that stretch. It currently has a 1-year price target of $2.66. Beta for the stock currently stands at 0.81.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CGC was down-trending over the past week, with a drop of -16.67%, but this was down by -37.19% over a month. Three-month performance dropped to -67.95% while six-month performance fell -75.87%. The stock lost -62.01% in the past year, while it has lost -54.38% so far this year. A look at the trailing 12-month EPS for CGC yields -3.81 with Next year EPS estimates of -0.75. For the next quarter, that number is -0.27. This implies an EPS growth rate of 49.04% for this year and 77.11% for next year. EPS is expected to grow by 58.68% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 20.88%.
Float and Shares Shorts:
At present, 143.34 million CGC shares are outstanding with a float of 142.52 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CGC since 4 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$6.62251 being high and -$6.93311 being low. For CGC, this leads to a yearly average estimate of -$6.77781. Based on analyst estimates, the high estimate for the next quarter is -$0.09 and the low estimate is -$0.11. The average estimate for the next quarter is thus -$0.1.
