Canopy Growth Corp Stock Buy Hold or Sell Recommendation
| WEED Stock | CAD 10.79 1.88 21.10% |
Assuming the 90 days trading horizon and your above-average risk tolerance, our recommendation regarding Canopy Growth Corp is 'Cautious Hold'. Macroaxis provides Canopy Growth buy-hold-or-sell recommendation only in the context of selected investment horizon and investor attitude towards risk assumed by holding WEED positions. The advice algorithm takes into account all of Canopy Growth's available fundamental, technical, and predictive indicators you will find on this site. Key drivers impacting Canopy Growth's buy or sell advice are summarized below:
Real Value 10.16 | Hype Value 11.41 | Market Value 10.79 | Naive Value 6.16 |
A buy or sell recommendation provided by Macroaxis is an automated directive regarding whether to purchase or sell Canopy Growth Corp given historical horizon and risk tolerance towards Canopy Growth. When Macroaxis issues a 'buy' or 'sell' recommendation for Canopy Growth Corp, the advice is generated through an automated system that utilizes algorithms and statistical models.
Canopy |
Execute Canopy Growth Buy or Sell Advice
The Canopy recommendation should be used to complement the buy-or-sell advice compiled from the current analysts' consensus on Canopy Growth Corp. Macroaxis does not own or have any residual interests in Canopy Growth Corp or other equities on which the buy-or-sell advice is provided. Please provide your input below to execute Canopy Growth's advice using the current market data and latest reported fundamentals.
Time Horizon
Risk Tolerance
 |  |
Cautious Hold
Market Performance | OK | Details | |
Volatility | Risky | Details | |
Hype Condition | Under hyped | Details | |
Current Valuation | Overvalued | Details | |
Odds Of Distress | About Average | Details | |
Economic Sensitivity | Hyperactively responds to market trends | Details | |
Analyst Consensus | Not Available | Details | |
Reporting Quality (M-Score) | Inapplicable | Details |
Canopy Growth Trading Alerts and Improvement Suggestions
| Canopy Growth Corp is way too risky over 90 days horizon | |
| Canopy Growth Corp appears to be risky and price may revert if volatility continues | |
| The company reported the revenue of 402.9 M. Net Loss for the year was (3.28 B) with loss before overhead, payroll, taxes, and interest of (81.94 M). | |
| Canopy Growth Corp has accumulated about 214.55 M in cash with (557.55 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 5.54. | |
| Roughly 19.0% of the company outstanding shares are owned by insiders | |
| Latest headline from news.google.com: Canopy Growth Announces CBI Conversion to Exchangeable Shares and Newly Constituted Board of Directors - The Globe and Mail |
Canopy Growth Returns Distribution Density
The distribution of Canopy Growth's historical returns is an attempt to chart the uncertainty of Canopy Growth's future price movements. The chart of the probability distribution of Canopy Growth daily returns describes the distribution of returns around its average expected value. We use Canopy Growth Corp price's Value At Risk and its Upside Potential as a relative measure of the distribution. The graph of the distribution of Canopy Growth returns is essential to provide solid investment advice for Canopy Growth.
| Mean Return | 1.41 | Value At Risk | -10.37 | Potential Upside | 21.10 | Standard Deviation | 12.53 |
Return Density |
| Distribution |
Investment risk management requires an estimate of the probability of extreme price changes. Therefore, the correct representation of the distribution of Canopy Growth historical returns presented in an easy-to-digest graphical form helps investors and money managers understand the risk-reward trade-off of different investement strategies.
Canopy Growth Cash Flow Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Change In Cash | 2.2B | (1.2B) | (148.5M) | (378.6M) | (99.0M) | 3.5M | |
| Free Cash Flow | (1.5B) | (639.9M) | (593.9M) | (568.1M) | (511.3M) | (536.9M) | |
| Capital Expenditures | 682.7M | 721.9M | 174.1M | 48.1M | 10.6M | 10.7M | |
| Net Income | (670.1M) | (1.4B) | (1.7B) | (320.5M) | (3.3B) | (9.4M) | |
| End Period Cash Flow | 2.5B | 1.3B | 1.2B | 776.0M | 677.0M | 2.0M | |
| Other Non Cash Items | 494.9M | 1.0B | (543.9M) | (6.6M) | (7.6M) | (7.2M) | |
| Depreciation | 46.9M | 125.0M | 127.1M | 114.4M | 56.7M | 344.8K | |
| Change To Inventory | (176.9M) | (177.1M) | 17.2M | 173.2M | 55.6M | (3.4M) | |
| Net Borrowings | 595.3M | (100.2M) | 877.5M | (50.8M) | 2.1M | 2.0M | |
| Change To Netincome | 284.1M | 792.8M | 1.1B | (523.6M) | 3.7M | 3.5M | |
| Investments | (347.7M) | (497.6M) | 166.6M | 433.4M | 498.4M | 523.3M |
Canopy Growth Greeks
Most traded equities are subject to two types of risk - systematic (i.e., market) and unsystematic (i.e., nonmarket or company-specific) risk. Unsystematic risk is the risk that events specific to Canopy Growth or Pharmaceuticals sector will adversely affect the stock's price. This type of risk can be diversified away by owning several different stocks in different industries whose stock prices have shown a small correlation to each other. On the other hand, systematic risk is the risk that Canopy Growth's price will be affected by overall stock market movements and cannot be diversified away. So, no matter how many positions you have, you cannot eliminate market risk. However, you can measure a Canopy stock's historical response to market movements and buy it if you are comfortable with its volatility direction. Beta and standard deviation are two commonly used measures to help you make the right decision.
α | Alpha over NYSE Composite | 1.26 | |
β | Beta against NYSE Composite | 2.49 | |
σ | Overall volatility | 12.78 | |
Ir | Information ratio | 0.11 |
Canopy Growth Volatility Alert
Canopy Growth Corp is displaying above-average volatility over the selected time horizon. Understanding different market volatility trends often help investors to time the market. Properly using volatility indicators enable traders to measure Canopy Growth's stock risk against market volatility during both bullish and bearish trends. The higher level of volatility that comes with bear markets can directly impact Canopy Growth's stock price while adding stress to investors as they watch their shares' value plummet. This usually forces investors to rebalance their portfolios by buying different financial instruments as prices fall.Canopy Growth Fundamentals Vs Peers
Comparing Canopy Growth's fundamentals to the average values of its peers is one of the most widely used and accepted methods of equity analyses. It helps to analyze Canopy Growth's direct or indirect competition across all of the common fundamentals between Canopy Growth and the related equities. This way, we can detect undervalued stocks with similar characteristics as Canopy Growth or determine the stocks which would be an excellent addition to an existing portfolio. Peer analysis of Canopy Growth's fundamental indicators could also be used in its relative valuation, which is a method of valuing Canopy Growth by comparing valuation metrics with those of similar companies.
| Better Than Average | Worse Than Average | Compare Canopy Growth to competition |
| Fundamentals | Canopy Growth | Peer Average |
| Return On Equity | -1.22 | -0.31 |
| Return On Asset | -0.0889 | -0.14 |
| Operating Margin | (0.32) % | (5.51) % |
| Current Valuation | 1.49 B | 16.62 B |
| Shares Outstanding | 91.11 M | 571.82 M |
| Shares Owned By Insiders | 19.04 % | 10.09 % |
| Shares Owned By Institutions | 4.85 % | 39.21 % |
| Number Of Shares Shorted | 3.61 M | 4.71 M |
| Price To Book | 1.79 X | 9.51 X |
| Price To Sales | 2.69 X | 11.42 X |
| Revenue | 402.9 M | 9.43 B |
| Gross Profit | (81.94 M) | 27.38 B |
| EBITDA | (507.04 M) | 3.9 B |
| Net Income | (3.28 B) | 570.98 M |
| Cash And Equivalents | 214.55 M | 2.7 B |
| Cash Per Share | 5.54 X | 5.01 X |
| Total Debt | 556.89 M | 5.32 B |
| Debt To Equity | 0.12 % | 48.70 % |
| Current Ratio | 8.18 X | 2.16 X |
| Book Value Per Share | 6.57 X | 1.93 K |
| Cash Flow From Operations | (557.55 M) | 971.22 M |
| Short Ratio | 0.90 X | 4.00 X |
| Earnings Per Share | (21.30) X | 3.12 X |
| Price To Earnings To Growth | (1.48) X | 4.89 X |
| Target Price | 6.55 | |
| Number Of Employees | 1.62 K | 18.84 K |
| Beta | 2.03 | -0.15 |
| Market Capitalization | 983.13 M | 19.03 B |
| Total Asset | 2.44 B | 29.47 B |
| Retained Earnings | (7.61 B) | 9.33 B |
| Working Capital | 273.41 M | 1.48 B |
| Net Asset | 2.44 B |
Canopy Growth Market Momentum
Traders often use several daily momentume indicators to supplement a more traditional technical analysis when analyzing securities such as Canopy . With many different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
About Canopy Growth Buy or Sell Advice
When is the right time to buy or sell Canopy Growth Corp? Buying financial instruments such as Canopy Stock isn't very hard. However, what challenging for most investors is doing it at the right time to beat the market. Proper market timing is something most people cannot do without sophisticated tools, which help to isolate the right opportunities. Macroaxis provides hands-on modules to deliver winning trades and diversify your portfolios on a daily basis. Most of our advising modules are very easy to use and apply.
Please read more on our stock advisor page.| 2021 | 2022 | 2024 (projected) | Other Current Liabilities | 139.3M | 94.7M | 88.9M | Total Assets | 5.6B | 2.4B | 24.7M |
Use Investing Ideas to Build Portfolios
In addition to having Canopy Growth in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Macroaxis Picks
Daily selected watch list of stocks of large companies handpicked by Macroaxis Team based on their diversification potential. The Macroaxis Picks theme has 48 constituents at this time.
You can either use a buy-and-hold strategy to lock in the entire theme or actively trade it to take advantage of the short-term price volatility of individual constituents. Macroaxis can help you discover thousands of investment opportunities in different asset classes. In addition, you can partner with us for reliable portfolio optimization as you plan to utilize Macroaxis Picks Theme or any other thematic opportunities.
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Check out Canopy Growth Analyst Recommendation to compare Macroaxis Buy or Sell Recommendation with the current analyst consensus. To check ratings for multiple equity instruments, please use the Instant Ratings tool. You can also try the Idea Optimizer module to use advanced portfolio builder with pre-computed micro ideas to build optimal portfolio .
Complementary Tools for Canopy Stock analysis
When running Canopy Growth's price analysis, check to measure Canopy Growth's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Canopy Growth is operating at the current time. Most of Canopy Growth's value examination focuses on studying past and present price action to predict the probability of Canopy Growth's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Canopy Growth's price. Additionally, you may evaluate how the addition of Canopy Growth to your portfolios can decrease your overall portfolio volatility.
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