Canopy Growth Corp (NYSE: CGC) stock closed at $21.46 on 11/8/19 after a major increase of 12.5%. Moreover, exceptionally high trading volume at 228% of normal accompanied the advance. The stock has risen 7.5% during the last week but has been extremely weak relative to the market over the last nine months.
Current PriceTarget Research Rating
CGC’s future returns on capital are forecasted to be below the cost of capital. Accordingly, the company is expected to continue to be a major Value Eraser.
Canopy Growth has a current Value Trend Rating of F (Lowest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Canopy Growth has a slightly negative Appreciation Score of 32 and a very low Power Rating of 2, triggering the Lowest Value Trend Rating.
In light of this very positive price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.