Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany.
Canopy Growth stock last closed at $4.24, down 6.81% from the previous day, and has decreased 27.05% in one year. It has underperformed other stocks in the Drug Manufacturers - Specialty & Generic industry by 0.01 percentage points. Canopy Growth stock is currently +53.9% from its 52-week low of $2.76, and -71.58% from its 52-week high of $14.92.
At the moment, there are 84.86M CGC shares outstanding. The market value of CGC is $359.79M. In the last 24 hours, 6.49M CGC shares were traded.
How to Buy Canopy Growth Stock
Not sure how to invest in Canopy Growth stock? Here's how.
Decide where to buy Canopy Growth stock: You need to pick an online brokerage, but don't worry - we've researched dozens of stock brokerages and apps to help you decide where to buy Canopy Growth stock.
Create a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've found.
Deposit money your brokerage account: Choose your payment method and add your information.
Research Canopy Growth stock: The Canopy Growth ticker symbol is CGC. Is Canopy Growth stock a good investment? Should you buy shares of CGC? How do CGC's underlying business fundamentals look? Do top analysts think Canopy Growth is a good buy? Why has CGC's stock price moved recently? (Hint: Our stock market research website can help you understand if CGC is a good stock to buy).
Execute your CGC purchase: Decide if you will purchase CGC shares at the current market price or use a limit order to buy CGC stock at a specific price.
Get notifications regarding your CGC position: Create a watchlist to key updates about your investment in Canopy Growth shares.
Step 1: Decide where to buy Canopy Growth stock
You will need a brokerage account in order to access the NASDAQ market and buy CGC shares.
A brokerage account is an investment account that enables you to buy and sell a variety of financial instruments, including stocks, bonds, mutual funds, and ETFs.
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Step 2: Create a brokerage account
Now that you've chosen the best brokerage, it's time to fill out some personal information so you can invest in CGC today.
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
Step 4: Research Canopy Growth stock
After you have chosen the best place to buy Canopy Growth stock, it's crucial to research their stock prior to investing, so you actually wrap your head around the risk as well as the opportunity.
Canopy Growth stock at a glance
CGC Price
$4.24
1w %
-12.76%
1y %
-27.05%
5y %
-98.02%
P/E
-0.64x
P/B
0.94x
P/S
1.63x
PEG
N/A
Revenue
$206.55M
Earnings
-$536.90M
Fore. Rev. Growth
6.2%
Fore. Earn. Growth
N/A
Market Cap
$359.79M
Next Earnings
N/A
Next Dividend
N/A
CGC Fundamentals
WallStreetZen was built to help everyday investors do more in-depth fundamental analysis.
You can view all of the due diligence checks on CGC's stock page.
How is CGC stock valued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge CGC's true value.
Using relative valuations methods:
CGC may be undervalued based on its P/B ratio of 0.94x, relative to Drug Manufacturers - Specialty & Generic industry P/B ratio of 2.31x
You can access additional valuation research on CGC's stock here.
CGC Financial Summary
Passed Health Checks:
There are more short-term assets than short-term liabilities on the CGC balance sheet.
CGC has $145.76M in cash and short term investments. This is sufficient to cover its annual cash burn of $82.57M.
CGC has cash burn of 82566187. It has enough cash and short-term investments to cover this for at least one year.
Failed Health Checks:
Total CGC debt is higher than 5 years ago, relative to shareholder equity.
CGC profit margin has gone up by 1.28 percentage points in the past year, but the company is still unprofitable.
There are more long-term liabilities than short-term assets on the CGC balance sheet.
CGC has a relatively high debt to equity ratio of 1.41.
Is Canopy Growth stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 1 sell side analysts who give forecasts on CGC, the consensus analyst rating on Canopy Growth is a Strong Sell
It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.
Last year, CGC revenue was $206.55M. In the past 5 year, CGC's revenue has gone up by -1.15% per year. This was slower than the Drug Manufacturers - Specialty & Generic industry average of 18.93%.
No, Canopy Growth doesn't provide an income stream by paying out dividends.
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Step 5: Execute your CGC purchase
You have two main types of orders:
Market order: A market order is an order to buy or sell a stock at the best available price. Market orders are mostly fine for most investors.
Limit order: A limit order enables you to buy or sell a stock at a specific price (or better). If you want to make sure you're buying or selling at a particular price limit, place a limit order.
Hit the Open Trade button and your broker will execute your order.
If you want additional help investing in stocks on eToro, click the helpful video below:
How much does it cost to buy one Canopy Growth share?
As of Nov 8, 2024, it costs $4.24 to buy one share of Canopy Growth stock.
Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $2, you can buy 0.472 shares of CGC.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.
Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.