Canopy Growth Corp Stock Probability of Future Stock Price Finishing Over 21.94
| WEED Stock | CAD 3.94 0.01 0.25% |
Canopy |
Canopy Growth Alerts and Suggestions
In today's market, stock alerts give investors the competitive edge they need to time the market and increase returns. Checking the ongoing alerts of Canopy Growth for significant developments is a great way to find new opportunities for your next move. Suggestions and notifications for Canopy Growth Corp can help investors quickly react to important events or material changes in technical or fundamental conditions and significant headlines that can affect investment decisions.| Canopy Growth Corp generated a negative expected return over the last 90 days | |
| Canopy Growth Corp has high historical volatility and very poor performance | |
| Canopy Growth Corp has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 297.15 M. Net Loss for the year was (483.68 M) with loss before overhead, payroll, taxes, and interest of (81.94 M). | |
| Canopy Growth Corp has accumulated about 214.55 M in cash with (281.95 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.54, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
Canopy Growth Price Density Drivers
Market volatility will typically increase when nervous long traders begin to feel the short-sellers pressure to drive the market lower. The future price of Canopy Stock often depends not only on the future outlook of the current and potential Canopy Growth's investors but also on the ongoing dynamics between investors with different trading styles. Because the market risk indicators may have small false signals, it is better to identify suitable times to hedge a portfolio using different long/short signals. Canopy Growth's indicators that are reflective of the short sentiment are summarized in the table below.
| Common Stock Shares Outstanding | 74.8 M | |
| Cash And Short Term Investments | 205.8 M |
Canopy Growth Technical Analysis
Canopy Growth's future price can be derived by breaking down and analyzing its technical indicators over time. Canopy Stock technical analysis helps investors analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Canopy Growth Corp. In general, you should focus on analyzing Canopy Stock price patterns and their correlations with different microeconomic environments and drivers.
Canopy Growth Predictive Forecast Models
Canopy Growth's time-series forecasting models is one of many Canopy Growth's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models are widely used for non-stationary data. Non-stationary data are called the data whose statistical properties, e.g., the mean and standard deviation, are not constant over time, but instead, these metrics vary over time. This non-stationary Canopy Growth's historical data is usually called time series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the stock market movement and maximize returns from investment trading.
Things to note about Canopy Growth Corp
Checking the ongoing alerts about Canopy Growth for important developments is a great way to find new opportunities for your next move. Our stock alerts and notifications screener for Canopy Growth Corp help investors to be notified of important events, changes in technical or fundamental conditions, and significant headlines that can affect investment decisions.
| Canopy Growth Corp generated a negative expected return over the last 90 days | |
| Canopy Growth Corp has high historical volatility and very poor performance | |
| Canopy Growth Corp has a very high chance of going through financial distress in the upcoming years | |
| The company reported the revenue of 297.15 M. Net Loss for the year was (483.68 M) with loss before overhead, payroll, taxes, and interest of (81.94 M). | |
| Canopy Growth Corp has accumulated about 214.55 M in cash with (281.95 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.54, which can makes it an attractive takeover target, given it will continue generating positive cash flow. |
Check out Canopy Growth Backtesting, Canopy Growth Valuation, Canopy Growth Correlation, Canopy Growth Hype Analysis, Canopy Growth Volatility, Canopy Growth History as well as Canopy Growth Performance. You can also try the Earnings Calls module to check upcoming earnings announcements updated hourly across public exchanges.