Canopy Growth Corp (NASDAQ: CGC) stock enjoyed a major increase of 13.0% on 11/4/24. The shares closed at $5.49. Moreover, trading volume in this advance was exceptionally high at 329% of normal. The stock has been weak relative to the market over the last nine months but has risen 0.9% during the last week.
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 D (Negative). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Canopy Growth has a neutral Power Rating of 46 but a poor Appreciation Score of 22, with the Negative Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of D. This review will be completed in the next several days.
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