Have you seen the forecast for Canopy Growth Corp (CGC)
What’s up with Canopy Growth Corp?
Canopy Growth Corp (CGC) opened at $14.96, which means the stock is down 1.76% from yesterday’s closing price of 14.97. Today, the company has a high of $15.65 and a low of $14.62. The company has a market cap of $5.47 billion with a 52-week high of $47.98 and a 52-week low of $9.00.
What about the future for Canopy Growth Corp?
The high forecast for Canopy Growth Corp is $30.00 while the low is $13.00. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. Canopy Growth Corp has a strong forecast. A strong forecast is a result of strong earning reports as investors are willing to pay a higher share price today because of growth expectations in the future. Based on this information CGC seems to be a safe buy.
About Canopy Growth Corp
Canopy Growth Corp. engages in the production and sale of medical cannabis. The company offers products including oils and concentrates, soft gel capsules and hemp. It focuses on the treatment of chronic pain, seizures, muscle spasms, nausea, and loss of appetite. The company was founded by Bruce Linton on August 5, 2009 and is headquartered in Smith Falls, Canada.