Canopy Growth Corp Stock Analysis

Canopy Stock Analysis Notes

The company has Price to Book (P/B) ratio of 0.94. Historically many companies with similar price-to-book (P/B) ratio do better than the market in the long run. Canopy Growth Corp recorded a loss per share of 7.11. The entity had not issued any dividends in recent years. The firm had 1:10 split on the 20th of December 2023. Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis for recreational and medical purposes primarily in Canada, the United States, Germany, and the United Kingdom. Canopy Growth Corporation is headquartered in Smiths Falls, Canada. CANOPY GROWTH operates under Drug ManufacturersSpecialty Generic classification in Canada and is traded on Toronto Stock Exchange. It employs 4434 people. For more information please call David Klein at 855 558 9333 or visit https://www.canopygrowth.com.

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Canopy Growth Thematic Classifications

Canopy Market Capitalization

The company currently falls under 'Small-Cap' category with a current market capitalization of 579.76 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Canopy Growth's market, we take the total number of its shares issued and multiply it by Canopy Growth's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities.

Canopy Profitablity

The company has Profit Margin (PM) of (2.01) %, which may suggest that it does not properly executes on its current pricing strategies or is unable to control all of the operational costs. This is way below average. Similarly, it shows Operating Margin (OM) of (0.34) %, which suggests for every $100 dollars of sales, it generated a net operating loss of $0.34.

Management Efficiency

Canopy Growth Corp has return on total asset (ROA) of (0.0439) % which means that it has lost $0.0439 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (0.9303) %, meaning that it generated substantial loss on money invested by shareholders. Canopy Growth's management efficiency ratios could be used to measure how well Canopy Growth manages its routine affairs as well as how well it operates its assets and liabilities. As of the 20th of December 2024, Return On Tangible Assets is likely to grow to -0.34. In addition to that, Return On Capital Employed is likely to drop to -0.33. As of the 20th of December 2024, Non Currrent Assets Other is likely to grow to about 341.8 M, while Total Assets are likely to drop about 26 M.

Technical Drivers

As of the 20th of December, Canopy Growth shows the Mean Deviation of 3.45, standard deviation of 5.05, and Risk Adjusted Performance of (0.09). In respect to fundamental indicators, the technical analysis model gives you tools to check existing technical drivers of Canopy Growth, as well as the relationship between them.

Canopy Growth Corp Price Movement Analysis

Canopy Growth Outstanding Bonds

Canopy Growth Predictive Daily Indicators

Canopy Growth Forecast Models

Canopy Growth's time-series forecasting models are one of many Canopy Growth's stock analysis techniques aimed at predicting future share value based on previously observed values. Time-series forecasting models ae 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. These 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 market movement and maximize returns from investment trading.

Stock analysis is the technique used by a trader or investor to examine and evaluate how Canopy Growth prices is reacting to, or reflecting on a current market direction and economic conditions. It can be used to make informed decisions about market timing, and when buying or selling Canopy shares will generate the highest return on investment. We also built our stock analysis module to help investors to gain an insight into the world economy as a whole, the stock market, thematic ideas. a specific sector, or an individual Stock such as Canopy Growth. By using and applying Canopy Stock analysis, traders can create a robust methodology for identifying Canopy entry and exit points for their positions.

Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Canopy Growth Corp. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Efficient Frontier module to plot and analyze your portfolio and positions against risk-return landscape of the market..