Canopy Growth Corp(CGC) will slow spending and growth
Canopy Growth Corp(CGC) currently trades at $14.28 and has fallen by 2.12% in the past 24 hours. Canopy has said its expansion days, at least in Canada, were over, as investors press for quicker profits. Management in August said profitability for Canopy could come “within three to five years.” And it has backed away from revenue targets.
Based on this information, investorsQ rates this stock a 4 out of 10. We give it this rating because Canopy Growth’s EPS Rating, which measures profit growth on a scale of 1 to 99, is a weak 15. Earnings growth is a hallmark of top stocks. The high forecast for Canopy Growth Corp is $30.17 and the low is $13.83. Notably, the company’s market cap is $4.85 billion with a 52 week high of $52.74 and a 52 week low of $9.00.