With 5.86 million shares changed hands, the volume of the stock remained lighter than its average volume of 7.11 million shares. The 52-week range on CGC shows that it touched its highest point at $11.65 and its lowest point at $0.77 during that stretch. It currently has a 1-year price target of $2.47. Beta for the stock currently stands at 0.85.
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 12.33%, but this was up by 37.82% over a month. Three-month performance dropped to -4.09% while six-month performance fell -58.38%. The stock lost -83.45% in the past year, while it has lost -40.15% so far this year. A look at the trailing 12-month EPS for CGC yields -3.81 with Next year EPS estimates of -0.78. For the next quarter, that number is -0.33. This implies an EPS growth rate of 47.93% for this year and 76.65% for next year. EPS is expected to grow by 60.04% 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, 180.08 million CGC shares are outstanding with a float of 179.16 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.
