Stock Rating Upgrade
The Value Trend Rating for Canopy Growth Corp (NASDAQ: CGC) improved in the last week from D to C reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
Canopy Growth Corp (NASDAQ: CGC) stock closed at $10.24 on 5/3/24 after a slight decline of -1.0%. NORMAL trading volume accompanied the decline. The stock has risen 17.7% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, CGC is expected to be a modest Value Builder.
Canopy Growth has a current Value Trend Rating of C (Neutral). This VT Rating improved in recent days from D previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Canopy Growth has a neutral Appreciation Score of 54 and a neutral Power Rating of 58, producing the Neutral Value Trend Rating.
Be the first to comment