Director David Angelo Lazzarato sold 3,733 shares of Canopy Growth Corp (TSE: WEED) stock on Wednesday, December 28. The transaction took place on the trading exchange. The sale of the shares resulted in the accumulation of 11,087.01 dollars, with each share selling for an average of 2.97 Canadian dollars. Following the successful transaction, the director is now the direct owner of 14,346 shares of the company’s stock, which have an approximate value of $42,607.62.
Studies on the stock of marijuana companies have recently been published by several equity analysts, including one who specializes in the field. According to a research report released on November 11th, the price target that Jefferies Financial Group has set for Canopy Growth has increased from C$4.20 to C$4.95 per share. Previously, this price target was set at C$4.20. Benchmark Research lowered its price prediction for Canopy Growth in a report published on October 26. The new estimate is three dollars and five Canadian dollars. Alliance Global Partners increased their price objective on Canopy Growth shares from four dollars to four and a half dollars in a research note published on November 10th. In a research note released on the 30th of September, Barclays lowered its price objective for Canopy Growth shares to 2.75 Canadian dollars.
Additionally, the investment firm gave the company an “equal weight” rating. Sanford C. Bernstein gave Canopy Growth stock an “underperform” rating in a research report published on November 9th. The company has set a target price of 2.00 Canadian dollars for the stock. In addition, the report stated that Sanford C. Bernstein had set a price objective of 2.00 Canadian dollars for the stock. Two analysts recommend buying shares of the company’s stock; four suggest keeping one’s existing position; and five suggest selling shares of the company’s stock. Canopy Growth currently has a consensus price target of 5.55 Canadian dollars and a rating of “Hold” across the board, as indicated by data compiled and provided by Bloomberg.
During the trading session on Monday during lunchtime, the price of WEED stock increased by $0.06, bringing its total value to $3.14 in Canadian currency. There were significantly more transactions involving the company’s stock than the average, with a total of 903,762. The stock has a market value of 1.53 billion Canadian dollars and a price-to-earnings ratio of -4.07. Both of these metrics are negative. This example demonstrates a debt-to-equity ratio of 89.09, a quick ratio of 2.32, and a current ratio of 2.84. The company’s moving average price over the past 50 days is $4.33, and the company’s moving average price over the last 200 days is $4.13. Canopy Growth Corp.’s share price has fluctuated significantly over the past year, going from as low as 2.79 Canadian dollars to as high as 12.18 Canadian dollars at its highest point.
In Canada, the cultivation of medical marijuana and its possession and sale are the responsibilities of Canopy Growth Corporation and its subsidiaries. The business offers a wide variety of products, including soft gel capsules, hemp, dried flowers, oils, and concentrates. Some of the brand names under which the company sells its products are Tweed, Black Label, Spectrum Cannabis, DNA Genetics, CraftGrow, and Foria. The company also offers its products under the name Foria. Leaves by Snoop is one of the many other brand names.
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