Shares in the Spotlight: Canopy Growth Corporation (ASX:CGC)

Monitoring recent stock price movement on shares of Canopy Growth Corporation (ASX:CGC) we have recorded the stock price at $48.04. Investors …
Bet on MyBookie

Monitoring recent stock price movement on shares of Canopy Growth Corporation (ASX:CGC) we have recorded the stock price at $48.04. Investors may be intently tracking price activity on the stock over the next few sessions, and looking for any signs of a possible shift in momentum. Let’s focus in on some historical trading information. Over the last 12 week period, the stock has moved 4.32%. Rewinding to the start of the year, we note that shares have seen a change of 78.79%. Over the past 4 weeks, shares have seen a change of 13.81%. Over the last 5 trading periods, the stock has moved -5.21%. Focusing on the important historic stock price levels can help keep the investors directed down the right path. After a recent check, we can see that the 52-week high is currently 56.89, and the 52-week low is presently 22.84.

Equity market investors have plenty of information available to them when making stock selections. One of the toughest parts of selecting stocks may be figuring out which data to pay attention to. There are always swirling headlines in today’s financial news media. While some information may be highly important, other information may be much less important. Knowing exactly what to look for when doing stock research may take a lot of time to master. Investors who are able to stay highly focused may find it much easier to spot opportunities in the market. Once the investor knows what to look for, the stock market puzzle may be a bit easier to start piecing together.

Looking at some analyst views on shares of Canopy Growth Corporation (ASX:CGC), we note that the consensus target price is resting at $56.96. This is the consensus target using estimates provided by the covering analysts polled. Sell-side analysts often produce target estimates for the companies that they track closely. Price target estimates can be calculated using various methods, and this may cause some analyst estimates to be drastically different than others. Many investors will track stock target prices, especially when analysts update the target price projections.

Just-released reportnames Cannabis Stock of the Year for 2019!Their last pick has seen a +1,200% return since he released it!

This stock has all of the makings of the next great cannabis stock – early-mover advantage, international exposure and influential partnerships, plus it has a product that isunlike anything else on the market…

You will also receive a free, weekly newsletter to stay on top of the latest industry trends, read analysis on promising cannabis stocks, and more.Click here to receive your Free Report immediately!

Investors might be paying attention to what Wall Street analysts think about shares of Canopy Growth Corporation (ASX:CGC). Taking a peek at the current consensus broker rating, we can see that the ABR is 1.82. This average rating is provided by Zacks Research. This simplified numeric scale spans the range of one to five which translates brokerage firm Buy/Sell/Hold recommendations into an average broker rating. A low number in the 1-2 range typically indicates a Buy, 3 indicates a Hold and 4-5 represents a consensus Sell rating. In terms of the number of analysts that have the stock rated as a Buy or Strong Buy, we can see that the number is currently 8.

Shifting the focus to some earnings data, we have noted that the current quarter EPS consensus estimate for Canopy Growth Corporation (ASX:CGC) is -0.18. This EPS estimate consists of 2 Wall Street analysts taken into consideration by Zacks Research. For the previous reporting period, the company posted a quarterly EPS of -0.67. Sell-side analysts often provide their best researched estimates at what the company will report. These estimates hold a lot of weight on Wall Street and the investing community. Sometimes these analyst projections are spot on, and other times they are off. When a company reports actual earnings results, the surprise factor can cause a stock price to fluctuate. Investors will often pay added attention to a company that has beaten estimates by a large margin.

Investors may be trying to decide which way the stock market will shift over the next couple of quarters. Having a general idea based on research is one thing, but constantly trying to time the market may lead to negative portfolio performance. Of course, overall market downturns can be frustrating to everyone invested in shares. Being able to ride out the day to day volatility and make proper investing decisions based on solid stock examination, may help the investor secure profits down the line. Investors who spend too much time focusing on stocks that have already made a run may find themselves in a sticky situation if they get into the name to late. Just because a certain stock has been going up for a long time, it doesn’t mean that the momentum will be sustained into the future. Taking the time to find quality stocks instead of just looking at the hot stock of the day, may allow investors to keep thriving in the market.

Related Posts:

  • No Related Posts

Canopy Growth Corporation (ASX:CGC) Runs -5.21% For the Week

Canopy Growth Corporation (ASX:CGC) shares have moved -5.21% on the week. The stock closed the most recent session at $47.90 after seeing …

Canopy Growth Corporation (ASX:CGC) shares have moved -5.21% on the week. The stock closed the most recent session at $47.90 after seeing 21011 shares trade hands. This represents a change of -0.08% from the opening.

Investors may need to sometimes be reminded of the risks involved with stock market investing. Figuring out the individual capacity for risk may involve gauging the possible impact that real losses can have not only on the stock portfolio, but the investor’s mindset as well. Preparing for risk before jumping into the market can help put things in perspective. Investors who wait until holdings suddenly start dropping may be in for quite a shock when things go haywire. Many risk related errors can be addressed with proper calculations up front. Being aware of risk and managing the portfolio accordingly can be a big factor in the long-standing success of the investor.

Successful investors are typically well aware of portfolio holdings at any given time. They tend to regularly review the portfolio to make sure that the combination of stocks is in line with goals and contributing to the outlined strategy. There may be times when everything seems to be in order after a thorough portfolio review. Other times, there may be a few changes that can be made. Maybe there are one or two names that have been over performing providing a big boost to the portfolio. On the other end, there could be a few stocks that are impacting the portfolio in a negative way and they may need to be addressed. Although constant portfolio monitoring may not be overly necessary for longer-term investors, regular portfolio examination is generally considered to be a good idea.

When watching the day to day movements of the market, investors often have to be careful not to let external factors cloud their judgment. From time to time, there may be certain stocks taking off that look highly tempting to purchase. Getting into a position based on short-term price movements may be a specific strategy for some, but it may be highly costly for others. Even if a stock has been on a big run that the investor might have missed out on, there is no guarantee that the run will continue higher. Although there may be potential in highly publicized stocks, it may be wise for investors to do their own research and then decide if the stock fits with the overall goals.

Just-released reportnames Cannabis Stock of the Year for 2019!Their last pick has seen a +1,200% return since he released it!

This stock has all of the makings of the next great cannabis stock – early-mover advantage, international exposure and influential partnerships, plus it has a product that isunlike anything else on the market…

You will also receive a free, weekly newsletter to stay on top of the latest industry trends, read analysis on promising cannabis stocks, and more.Click here to receive your Free Report immediately!

One of the biggest obstacles standing in the way of the individual investor is unrealistic expectations. Many times, investors will have an incorrect vision of what they expect to get from their investments in terms of actual returns. Creating unrealistic expectations can lead to overextending risk in the future. If an investor loses patience and thinks that they should be seeing bigger returns than they are currently generating, this may cause them to enter into a few ill advised trades in order to try to hit that previously determined number. Setting realistic, attainable goals may help the investor immensely, not just in terms of future returns, but in terms of the psyche as well.

RECENT PERFORMANCE

Let’s take a look at how the stock has been performing recently. Year to date Canopy Growth Corporation (ASX:CGC) is 78.79%, 3.25% over the last quarter, and 29.35% for the past six months.

Over the past 50 days, Canopy Growth Corporation stock’s -9.18% off of the high and 20.78% removed from the low. Their 52-Week High and Low are noted here. -19.16% (High), 109.40%, (Low).

RSI

Technical analysts have little regard for the value of a company. They use historic price data to observe stock price patterns to predict the direction of that price going forward. Analysts use common formulas and ratios to accomplish this. Canopy Growth Corporation (ASX:CGC)’s RSI (Relative Strength Index) is 52.83. RSI is a technical indicator of price momentum, comparing the size of recent gains to the size of recent losses and establishes oversold and overbought positions.

Individual investors might be digging a little deeper into the playbook in order to create a winning plan for the remainder of the calendar year. The diligent investor typically has a portfolio that is diversified and ready to encounter any unforeseen market action. Even after creating the well-planned portfolio with expected returns, nobody can be absolutely sure that those returns will be seen. Setting realistic expectations can help the investor from becoming discouraged if the original plan runs into a bit of a snag. Of course every investor would like to enter the stock market and see sizeable profits right off the bat. This may only be wishful thinking for investors who aren’t ready to put in the time and energy to make sure the overall strategy stays on track and the portfolio stays properly managed.

Related Posts:

  • No Related Posts

Canopy Growth Inks Offtake Deal with PharmHouse

PharmHouse will leverage Canopy Growth’s genetics – selected and supplied by the Company – and flower will be returned to the Company to be …

Canopy Growth signed an off-take agreement with PharmHouse, a partly owned joint venture of its subsidiary Canopy Rivers.

Canopy Growth (NYSE:CGC,TSX:WEED) signed an offtake agreement with PharmHouse, a partly owned joint venture of its subsidiary Canopy Rivers (TSXV:RIV,OTC Pink:CNOPOF).

As quoted in the press release:

Under the terms of the agreement, PharmHouse has agreed to allocate high quality cannabis flower from an additional 20 per cent of the flowering space available at its Leamington greenhouse facility over the next three years.

PharmHouse will leverage Canopy Growth’s genetics – selected and supplied by the Company – and flower will be returned to the Company to be sold under Canopy Growth’s diverse brands and banners. Under the terms of the new offtake agreement, PharmHouse is committed to producing GMP-certified, high quality cannabis flower within 18 months of its cultivation license and the flower must comply with the Company’s high standards for cannabis quality. GMP, or Good Manufacturing Practices, certification is the internationally recognized system to ensure all produced goods meet the highest consumer health and safety standards, allowing the Company to export the flower to its international divisions. Including this new agreement, 30 per cent of PharmHouse’s total flowering space has been committed to Canopy Growth.

“We have witnessed Canopy Rivers and its joint venture partner pour their hard work into the PharmHouse facility in Leamington and couldn’t be more satisfied with how it has turned out,” said Bruce Linton, Chairman & Co-CEO of Canopy Growth Corporation and Chairman & CEO of Canopy Rivers.

Click here to read the full press release.

Related Posts:

  • No Related Posts

Acreage Holdings investors decry Canopy Growth deal to be “value-destructive,” announce plans …

Canopy Growth Corporation’s (CGC) deal to purchase Acreage Holdings (ACRGF) pending federal legalization in the U.S. set the cannabis industry …

Canopy Growth Corporation’s (CGC) deal to purchase Acreage Holdings (ACRGF) pending federal legalization in the U.S. set the cannabis industry ablaze last month, with some experts calling the $3.4 billion deal an outright game-changer in cross-border collaboration.

With the dust yet to settle, some detractors have begun to question what’s being called an “unbelievably lopsided” deal that seems to favor the Canadian cannabis giant.

[Curaleaf acquires Cura Partners in blockbuster billion-dollar deal to become largest cannabis company in the US]

In an open letter to its board on Monday, San Francisco-based investment manager Marcato Capital Management LP derided the deal, calling it “a value-destructive transaction and not in the best interests of shareholders.” The firm, which owns 575,000 shares of Acreage, or just about 2.7 percent of the outstanding Subordinated Voting Shares said in a statement that it plans to vote against the deal.

According to the statement, the $3.4 billion price tag is far lower than what Marcato believes Acreage could command based on the present value of their future cash flows alone.

GTI

(A look at the U.S. and Canadian cannabis industries/ Green Thumb Industries)

“We believe Acreage’s strategic value, as one of the few multi-state operators of scale in the U.S., with leading positions in the most valuable markets merits a significant premium to any stand-alone cash-flow derived valuation,” wrote founder and managing partner Mick McGuire. “Furthermore, we believe enterprise values of cannabis companies will skyrocket upon the relaxation of current Federal restrictions.”

Noting that the entire process did nothing to maximize shareholder value, McGuire wrote that other parties should have been allowed to bid on Acreage, including those in the spirits, beer, beverage, tobacco, and CPG industries. He went on to question whether or not Acreage was fulfilling its duty to shareholders by dealing only with Canopy.

As proof, the Marcato statement pointed to diverging share prices of Canopy and Acreage. Acreage fell an average of 6.0 percent since the announcement, while Canopy stock gained nearly 15.2 percent over the same period, leading McGuire to conclude that the market agrees with his reasoning.

[Altria sees earnings fall 41 percent following investment in cannabis industry]

“As a large Acreage shareholder, we will be voting against the proposed transaction with Canopy Growth Corporation,” wrote McGuire before noting that Marcato would prefer to either see Acreage remain independent or, if a sale is necessary, a formal and competitive process be put in place.

“Our preferred path would see the Company remain independent, continue to execute on its strategic plan, and be patient when considering strategic transactions until there is greater visibility on the overall U.S. legal and regulatory landscape,” he wrote.

Representatives from Acreage, Canopy, and Marcato, could not be reached for comment.

Related Posts:

  • No Related Posts

Zooming in on Canopy Growth Corporation (TSX:WEED) and Fortescue Metals Group Limited …

Here will take a quick scan of Earnings Yield information on shares of Canopy Growth Corporation (TSX:WEED). Currently, the Earnings to Price …

Here will take a quick scan of Earnings Yield information on shares of Canopy Growth Corporation (TSX:WEED). Currently, the Earnings to Price (Yield) is -0.018618, Earnings Yield is -0.024085, and Earnings Yield 5 year average is -0.001089. Earnings yield provides a way for investors to help measure returns. Investors may choose to compare the earnings yield of stocks to money market instruments, treasuries, or bonds. The firm will look to it’s next scheduled report date to try to improve on these numbers.

At the time of writing, Canopy Growth Corporation (TSX:WEED) has a Piotroski F-Score of 2. The F-Score may help discover companies with strengthening balance sheets. The score may also be used to spot the weak performers. Joseph Piotroski developed the F-Score which employs nine different variables based on the company financial statement. A single point is assigned to each test that a stock passes. Typically, a stock scoring an 8 or 9 would be seen as strong. On the other end, a stock with a score from 0-2 would be viewed as weak.

Shifting gears, we can see that Canopy Growth Corporation (TSX:WEED) has a Q.i. Value of 66.00000. The Q.i. Value ranks companies using four ratios. These ratios consist of EBITDA Yield, FCF Yield, Liquidity, and Earnings Yield. The purpose of the Q.i. Value is to help identify companies that are the most undervalued. Typically, the lower the value, the more undervalued the company tends to be.

Volatility

Watching some historical volatility numbers on shares of Canopy Growth Corporation (TSX:WEED), we can see that the 12 month volatility is presently 68.910700. The 6 month volatility is 62.504000, and the 3 month is spotted at 42.826700. Following volatility data can help measure how much the stock price has fluctuated over the specified time period. Although past volatility action may help project future stock volatility, it may also be vastly different when taking into account other factors that may be driving price action during the measured time period.

Further, we can look at some other ratios and financial indicators in order to get an idea of the company’s valuation. Canopy Growth Corporation (TSX:WEED) presently has a current ratio of 17.85. The current ratio, also known as the working capital ratio, is a liquidity ratio that displays the proportion of current assets of a business relative to the current liabilities. The ratio is simply calculated by dividing current liabilities by current assets. The ratio may be used to provide an idea of the ability of a certain company to pay back its liabilities with assets. Typically, the higher the current ratio the better, as the company may be more capable of paying back its obligations.

The FCF Yield 5yr Average is calculated by taking the five year average free cash flow of a company, and dividing it by the current enterprise value. Enterprise Value is calculated by taking the market capitalization plus debt, minority interest and preferred shares, minus total cash and cash equivalents. The average FCF of a company is determined by looking at the cash generated by operations of the company. The Free Cash Flow Yield 5 Year Average of Canopy Growth Corporation (TSX:WEED) is -0.004150.

One of the most popular ratios is the “Return on Assets” (aka ROA). This score indicates how profitable a company is relative to its total assets. The Return on Assets for Canopy Growth Corporation (TSX:WEED) is -0.375634. This number is calculated by dividing net income after tax by the company’s total assets. A company that manages their assets well will have a higher return, while a company that manages their assets poorly will have a lower return.

The M-Score, conceived by accounting professor Messod Beneish, is a model for detecting whether a company has manipulated their earnings numbers or not. Canopy Growth Corporation (TSX:WEED) has an M-Score of 3.077471. The M-Score is based on 8 different variables: Days’ sales in receivables index, Gross Margin Index, Asset Quality Index, Sales Growth Index, Depreciation Index, Sales, General and Administrative expenses Index, Leverage Index and Total Accruals to Total Assets. A score higher than -1.78 is an indicator that the company might be manipulating their numbers.

The Value Composite One (VC1) is a method that investors use to determine a company’s value. The VC1 of Canopy Growth Corporation (TSX:WEED) is 80. A company with a value of 0 is thought to be an undervalued company, while a company with a value of 100 is considered an overvalued company. The VC1 is calculated using the price to book value, price to sales, EBITDA to EV, price to cash flow, and price to earnings. Similarly, the Value Composite Two (VC2) is calculated with the same ratios, but adds the Shareholder Yield. The Value Composite Two of Canopy Growth Corporation (TSX:WEED) is 87.

The MF Rank (aka the Magic Formula) is a formula that pinpoints a valuable company trading at a good price. The formula is calculated by looking at companies that have a high earnings yield as well as a high return on invested capital. The MF Rank of Canopy Growth Corporation (TSX:WEED) is 13541. A company with a low rank is considered a good company to invest in. The Magic Formula was introduced in a book written by Joel Greenblatt, entitled, “The Little Book that Beats the Market”.

Just-released reportnames Cannabis Stock of the Year for 2019!Their last pick has seen a +1,200% return since he released it!

This stock has all of the makings of the next great cannabis stock – early-mover advantage, international exposure and influential partnerships, plus it has a product that isunlike anything else on the market…

You will also receive a free, weekly newsletter to stay on top of the latest industry trends, read analysis on promising cannabis stocks, and more.Click here to receive your Free Report immediately!

The Earnings to Price yield of Canopy Growth Corporation TSX:WEED is -0.018618. This is calculated by taking the earnings per share and dividing it by the last closing share price. This is one of the most popular methods investors use to evaluate a company’s financial performance. Earnings Yield is calculated by taking the operating income or earnings before interest and taxes (EBIT) and dividing it by the Enterprise Value of the company. The Earnings Yield for Canopy Growth Corporation TSX:WEED is -0.024085. Earnings Yield helps investors measure the return on investment for a given company. Similarly, the Earnings Yield Five Year Average is the five year average operating income or EBIT divided by the current enterprise value. The Earnings Yield Five Year average for Canopy Growth Corporation (TSX:WEED) is -0.001089.

Price Index

The Price Index is a ratio that indicates the return of a share price over a past period. The price index of Canopy Growth Corporation (TSX:WEED) for last month was 1.12531. This is calculated by taking the current share price and dividing by the share price one month ago. If the ratio is greater than 1, then that means there has been an increase in price over the month. If the ratio is less than 1, then we can determine that there has been a decrease in price. Similarly, investors look up the share price over 12 month periods. The Price Index 12m for Canopy Growth Corporation (TSX:WEED) is 2.16099.

Price Range 52 Weeks

Some of the best financial predictions are formed by using a variety of financial tools. The Price Range 52 Weeks is one of the tools that investors use to determine the lowest and highest price at which a stock has traded in the previous 52 weeks. The Price Range of Canopy Growth Corporation (TSX:WEED) over the past 52 weeks is 0.868000. The 52-week range can be found in the stock’s quote summary.

Drilling down into some additional metrics, we note that Fortescue Metals Group Limited (ASX:FMG) has a Price to Book ratio of 1.643092. This ratio is calculated by dividing the current share price by the book value per share. Investors may use Price to Book to display how the market portrays the value of a stock. Checking in on some other ratios, the company has a Price to Cash Flow ratio of 7.662898, and a current Price to Earnings ratio of 19.457574. The P/E ratio is one of the most common ratios used for figuring out whether a company is overvalued or undervalued.

Fortescue Metals Group Limited (ASX:FMG) has an ERP5 rank of 5125. The ERP5 Rank is an investment tool that analysts use to discover undervalued companies. It looks at the stock’s Price to Book ratio, Earnings Yield, ROIC and 5 year average ROIC. The lower the rank, the more undervalued a company is considered to be.

After a recent scan, we can see that Fortescue Metals Group Limited (ASX:FMG) has a Shareholder Yield of 0.053407 and a Shareholder Yield (Mebane Faber) of 0.06246. The first value is calculated by adding the dividend yield to the percentage of repurchased shares. The second value adds in the net debt repaid yield to the calculation. Shareholder yield has the ability to show how much money the firm is giving back to shareholders via a few different avenues. Companies may issue new shares and buy back their own shares. This may occur at the same time. Investors may also use shareholder yield to gauge a baseline rate of return.

The Return on Invested Capital (aka ROIC) for Fortescue Metals Group Limited (ASX:FMG) is 0.100933. The Return on Invested Capital is a ratio that determines whether a company is profitable or not. It tells investors how well a company is turning their capital into profits. The ROIC is calculated by dividing the net operating profit (or EBIT) by the employed capital. The employed capital is calculated by subrating current liabilities from total assets. Similarly, the Return on Invested Capital Quality ratio is a tool in evaluating the quality of a company’s ROIC over the course of five years. The ROIC Quality of Fortescue Metals Group Limited (ASX:FMG) is 2.957790. This is calculated by dividing the five year average ROIC by the Standard Deviation of the 5 year ROIC. The ROIC 5 year average is calculated using the five year average EBIT, five year average (net working capital and net fixed assets). The ROIC 5 year average of Fortescue Metals Group Limited (ASX:FMG) is 0.140954.

The Earnings to Price yield of Fortescue Metals Group Limited ASX:FMG is 0.051394. This is calculated by taking the earnings per share and dividing it by the last closing share price. This is one of the most popular methods investors use to evaluate a company’s financial performance. Earnings Yield is calculated by taking the operating income or earnings before interest and taxes (EBIT) and dividing it by the Enterprise Value of the company. The Earnings Yield for Fortescue Metals Group Limited ASX:FMG is 0.082229. Earnings Yield helps investors measure the return on investment for a given company. Similarly, the Earnings Yield Five Year Average is the five year average operating income or EBIT divided by the current enterprise value. The Earnings Yield Five Year average for Fortescue Metals Group Limited (ASX:FMG) is 0.124662.

Fortescue Metals Group Limited (ASX:FMG) currently has a Montier C-score of 4.00000. This indicator was developed by James Montier in an attempt to identify firms that were cooking the books in order to appear better on paper. The score ranges from zero to six where a 0 would indicate no evidence of book cooking, and a 6 would indicate a high likelihood. A C-score of -1 would indicate that there is not enough information available to calculate the score. Montier used six inputs in the calculation. These inputs included a growing difference between net income and cash flow from operations, increasing receivable days, growing day’s sales of inventory, increasing other current assets, decrease in depreciation relative to gross property plant and equipment, and high total asset growth.

Receive News & Ratings Via Email – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings with MarketBeat.com’s FREE daily email newsletter.

Related Posts:

  • No Related Posts