With 10.51 million shares changed hands, the volume of the stock remained heavier than its average volume of 7.44 million shares. The 52-week range on CGC shows that it touched its highest point at $8.65 and its lowest point at $0.77 during that stretch. It currently has a 1-year price target of $2.01. Beta for the stock currently stands at 0.75.
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 up-trending over the past week, with a rise of 28.79%, but this was up by 31.78% over a month. Three-month performance surged to 45.30% while six-month performance fell -51.57%. The stock lost -78.23% in the past year, while it has lost -37.96% so far this year. A look at the trailing 12-month EPS for CGC yields -4.04 with Next year EPS estimates of -0.42. For the next quarter, that number is -0.16. This implies an EPS growth rate of 89.35% for this year and 3.16% for next year. EPS is expected to grow by 63.95% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 32.50%.
Float and Shares Shorts:
At present, 183.87 million CGC shares are outstanding with a float of 178.29 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 -$0.11 and the low estimate is -$0.11. The average estimate for the next quarter is thus -$0.11.
