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CGC
Stock ticker:
NASDAQ
AS OF
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Price
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Capitalization
1.66B

CGC Price Prediction, Canopy Growth Corp AI Recommendations

Stock market charts, price targets, analyst ratings and a financial calendar

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CGC Trading results, last 6 months
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A.I.Advisor
a Summary for AAPL with price predictions
12:00 AM EST Nov 29, 2022

CGC sees MACD Histogram crosses below signal line

CGC saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on November 22, 2022. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 45 instances where the indicator turned negative. In 42 of the 45 cases the stock moved lower in the days that followed. This puts the odds of a downward move at 90%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for CGC moved out of overbought territory on November 15, 2022. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 26 similar instances where the indicator moved out of overbought territory. In of the 26 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Momentum Indicator moved below the 0 level on November 25, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on CGC as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where CGC declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

CGC broke above its upper Bollinger Band on November 11, 2022. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Bullish Trend Analysis

The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.

CGC moved above its 50-day moving average on October 28, 2022 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for CGC crossed bullishly above the 50-day moving average on November 04, 2022. This indicates that the trend has shifted higher and could be considered a buy signal. In of 11 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where CGC advanced for three days, in of 220 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 160 cases where CGC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. CGC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (1.380) is normal, around the industry mean (5.770). P/E Ratio (0.000) is within average values for comparable stocks, (47.872). CGC's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (1.349). CGC has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.025). P/S Ratio (3.979) is also within normal values, averaging (114.575).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. CGC’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 93, placing this stock worse than average.

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A.I.Advisor
published price charts
AI
A.I. Advisor
published Earnings

CGC is expected to report earnings to fall 63.83% to -17 cents per share on February 09

Canopy Growth Corp CGC Stock Earnings Reports
Q4'22
Est.
$-0.17
Q3'22
Missed
by $0.27
Q2'22
Missed
by $3.83
Q1'22
Missed
by $0.90
Q4'21
Est.
$-0.22
The last earnings report on November 09 showed earnings per share of -46 cents, missing the estimate of -20 cents. With 6.01M shares outstanding, the current market capitalization sits at 1.66B.
AI
A.I.Advisor
published Highlights

Notable companies

The most notable companies in this group are ZOETIS (NYSE:ZTS), Teva Pharmaceutical Industries Limited (NYSE:TEVA), Elanco Animal Health (NYSE:ELAN), Intra-Cellular Therapies (NASDAQ:ITCI), Bausch Health Companies (NYSE:BHC), Tilray Brands (NASDAQ:TLRY), Canopy Growth Corp (NASDAQ:CGC), Avadel Pharmaceuticals plc (NASDAQ:AVDL), Aurora Cannabis (NASDAQ:ACB), Journey Medical Corp (NASDAQ:DERM).

Industry description

Pharmaceuticals (Other) comprise companies that are involved in the discovery, development or manufacturing of therapeutic and preventative medicines. They often collaborate with or acquire other pharmaceutical/healthcare firms. Examples of companies in this segment include Bausch Health Companies Inc., Icon Plc and Perrigo Company Plc.

Market Cap

The average market capitalization across the Pharmaceuticals: Other Industry is 2.07B. The market cap for tickers in the group ranges from 246 to 79.26B. MKKGY holds the highest valuation in this group at 79.26B. The lowest valued company is PEMTF at 246.

High and low price notable news

The average weekly price growth across all stocks in the Pharmaceuticals: Other Industry was 0%. For the same Industry, the average monthly price growth was 2%, and the average quarterly price growth was -20%. COSM experienced the highest price growth at 136%, while INNPF experienced the biggest fall at -99%.

Volume

The average weekly volume growth across all stocks in the Pharmaceuticals: Other Industry was -22%. For the same stocks of the Industry, the average monthly volume growth was 179% and the average quarterly volume growth was -14%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 54
P/E Growth Rating: 72
Price Growth Rating: 69
SMR Rating: 57
Profit Risk Rating: 93
Seasonality Score: 0 (-100 ... +100)
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published General Information

General Information

a producer of medical marijuana

Industry PharmaceuticalsOther

Profile
Fundamentals
Details
Industry
Agricultural Commodities Or Milling
Address
1 Hershey Drive
Phone
+1 855 558-9333
Employees
3151
Web
https://www.canopygrowth.com
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CGC and

Correlation & Price change

A.I.dvisor indicates that over the last year, CGC has been closely correlated with TLRY. These tickers have moved in lockstep 82% of the time. This A.I.-generated data suggests there is a high statistical probability that if CGC jumps, then TLRY could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To CGC
1D Price
Change %
CGC100%
+0.59%
TLRY - CGC
82%
Closely correlated
+1.92%
ACB - CGC
79%
Closely correlated
+0.81%
OGI - CGC
76%
Closely correlated
+1.01%
CRON - CGC
76%
Closely correlated
+0.66%
SNDL - CGC
70%
Closely correlated
+1.98%
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