On 10/22/24, Canopy Growth Corp (NASDAQ: CGC) stock enjoyed a major increase of 14.7%, closing at $4.98. Moreover, trading volume in this advance was exceptionally high at 447% of normal. The stock has risen 18.9% 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 D (Negative). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Canopy Growth has a poor Appreciation Score of 25 but a neutral Power Rating of 59, leading to the Negative Value Trend Rating.
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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