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Canopy Growth Corp
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Let's analyse Canopy Growth Corp together

PenkeI guess you are interested in Canopy Growth Corp. Buy, hold or sell? I don't know! However, I do recommend doing research before doing anything. I will help you with that.

I'm going to help you getting a better view of Canopy Growth Corp. At the end you don't have to ask anyone for trading advice. You can make your own decision, with more confidence, the odds in your favor, backed by data.

You can find me behind Let's Analyse Together in the top-right of each section.

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Quick analysis of Canopy Growth Corp (30 sec.)










What can you expect buying and holding a share of Canopy Growth Corp? (30 sec.)

How much money do you get?

How much money do you get?
€0.00
When do you have the money?
1 year
How often do you get paid?
0.0%

What is your share worth?

Current worth
€5.98
Expected worth in 1 year
€9.05
How sure are you?
29.2%

+ What do you gain per year?

Total Gains per Share
€3.07
Return On Investment
35.4%

For what price can you sell your share?

Current Price per Share
€8.66
Expected price per share
€5.096 - €18.79
How sure are you?
50%

1. Valuation of Canopy Growth Corp (5 min.)




Live pricePrice per Share (EOD)

€8.66

Intrinsic Value Per Share

€-9.88 - €-11.33

Total Value Per Share

€-3.90 - €-5.35

2. Growth of Canopy Growth Corp (5 min.)




Is Canopy Growth Corp growing?

Current yearPrevious yearGrowGrow %
How rich?$591.3m$2.2b-$1.4b-190.1%

How much money is Canopy Growth Corp making?

Current yearPrevious yearGrowGrow %
Making money-$220.8m-$575.6m$354.8m160.7%
Net Profit Margin-372.0%-713.1%--

How much money comes from the company's main activities?

3. Financial Health of Canopy Growth Corp (5 min.)




What can you expect buying and holding a share of Canopy Growth Corp? (5 min.)

Welcome investor! Canopy Growth Corp's management wants to use your money to grow the business. In return you get a share of Canopy Growth Corp.

What can you expect buying and holding a share of Canopy Growth Corp?

First you should know what it really means to hold a share of Canopy Growth Corp. And how you can make/lose money.

Speculation

The Price per Share of Canopy Growth Corp is €8.66. The market price reflects what other people think it is worth; not what it's really worth. Your job is to find out if the market price is fair, overpriced, or underpriced. I will help you with that.

If you buy blind, there is a 50% chance of making or losing money by selling the stock in the future. However, we can look at a few things to determine the odds in our favor:

  • The fundamentals: the financial health trends of Canopy Growth Corp.
  • The technials: based on market psychology, we can make a calculated estimate of what the price will do in the future. We can do this through technical analysis. We can calculate the probabilities and the expected value (millionaire math). That's called speculation.
  • The book value: what is the market price compared to it's book value.

Investing

If you really want to invest in Canopy Growth Corp, you will have to let go of the thought of selling in the future. If you have to sell the share for less than you bought it, it can still be a good investment. Focus on what it means to hold the stock forever:

  • You own a part of the company. The equity of this part can grow or shrink. The current Book Value per Share is €5.98. Based on the TTM, the Book Value Change Per Share is €0.77 per quarter. Based on the YOY, the Book Value Change Per Share is €-1.94 per quarter.
  • You may receive quarterly/yearly dividend in the form of additional shares.
  • You may receive quarterly/yearly dividend in the form of cash. Based on the TTM the Dividend per Share is €0.00 per quarter.
Based on historical numbers we can estimate the returns while holding a share of Canopy Growth Corp.

How much money are you going to get?

 MRQTTMYOY5Y10Y
 % of Price per Share% of Price per Share% of Price per Share% of Price per Share% of Price per Share
Usd Eps-1.74-20.1%-1.15-13.2%-1.36-15.7%-1.41-16.3%-1.32-15.2%
Usd Book Value Change Per Share-2.44-28.2%0.839.6%-2.11-24.4%-4.10-47.3%0.273.1%
Usd Dividend Per Share0.000.0%0.000.0%0.000.0%0.000.0%0.000.0%
Usd Total Gains Per Share-2.44-28.2%0.839.6%-2.11-24.4%-4.10-47.3%0.273.1%
Usd Price Per Share5.20-2.04-3.98-14.23-17.00-
Price to Earnings Ratio-0.75--1.11--1.44--13.53--11.89-
Price-to-Total Gains Ratio-2.13--0.44--3.53--7.33--10.84-
Price to Book Ratio0.80-0.34-0.75-0.91-1.00-
Price-to-Total Gains Ratio-2.13--0.44--3.53--7.33--10.84-

When do you get the money?

Usd Investment
$.00
Usd Price Per Share9.403028
Number of shares106
Gains per QuarterTrailing 12 Months5 Year
Usd Dividend Per Share0.000.00
Usd Book Value Change Per Share0.83-4.10
Usd Total Gains Per Share0.83-4.10
Gains per Quarter (106 shares)88.29-434.47
Gains per Year (106 shares)353.18-1,737.90
YearsReturn on Investment (TTM)Return on Investment (5Y)
 DividendBook Value gainTotal gainsDividendBook Value gainTotal gains
Broker costs---10---10
103533430-1738-1748
207066960-3476-3486
30106010490-5214-5224
40141314020-6952-6962
50176617550-8689-8700
60211921080-10427-10438
70247224610-12165-12176
80282528140-13903-13914
90317931670-15641-15652
100353235200-17379-17390

How sure are you?

Based on the past periods, how sure are you to get value out of your investment.

Linear %
 Trailing 12 Months3Y5 Year10 YearALLTIME
  % % % % %
Earnings Per Share0.04.00.00.0%1.011.00.08.3%2.018.00.010.0%3.021.00.012.5%3.021.00.012.5%
Book Value Change Per Share2.02.00.050.0%4.08.00.033.3%4.016.00.020.0%7.017.00.029.2%7.017.00.029.2%
Dividend per Share0.00.04.00.0%0.00.012.00.0%0.00.020.00.0%0.00.024.00.0%0.00.024.00.0%
Total Gains per Share2.02.00.050.0%4.08.00.033.3%4.016.00.020.0%7.017.00.029.2%7.017.00.029.2%

Fundamentals of Canopy Growth Corp

About Canopy Growth Corp

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. It operates through two segments, Global Cannabis and Other Consumer Products. The company's products include dried cannabis flower, extracts and concentrates, beverages, gummies, and vapes. It offers its products under the Tweed, 7ACRES, 7ACRES Craft Collective, DOJA, Ace Valley, Quatreau, Deep Space, First + Free, Surity Pro, Spectrum Therapeutics, Vert, Tokyo Smoke, Twd, Martha Stewart CBD, DNA Genetics, BioSteel, Storz & Bickel, This Works, HiWay, Simple Stash, Whisl, and Truverra brands. The company was formerly known as Tweed Marijuana Inc. and changed its name to Canopy Growth Corporation in September 2015. Canopy Growth Corporation was incorporated in 2009 and is headquartered in Smiths Falls, Canada.

Fundamental data was last updated by Penke on 2024-05-02 09:50:05.

Financial Health

Profitability Details
 Compared to previous yearCompared to industry
The company is making a huge loss.
Using its assets, the company is very inefficient in making profit.
Using its investors money, the company is very inefficient in making profit.
Operating Efficiency Details
 Compared to previous yearCompared to industry
The company is operating very inefficient.
The company is inefficient in keeping operating costs low.
Liquidity Details
 Compared to previous yearCompared to industry
The company is able to pay all its short-term debts.
The company is just not able to pay all its short-term debts with the most liquid assets.
Solvency Details
 Compared to previous yearCompared to industry
The company is able to pay all its debts by selling its assets.
The company is just able to pay all its debts with equity.

Valuation

Valuation Details
 Compared to previous yearCompared to industry
Based on the equity, the company is cheap.
Based on the earnings, the company is expensive.
Based on how much money comes from the company's main activities, the company is expensive.

1.1. Profitability of Canopy Growth Corp.

1.1. Profitability
1.1.1. Net Profit Margin

Measures how much net profit Canopy Growth Corp earns for each €1 of revenue.

  • Above 10% is considered healthy but always compare Canopy Growth Corp to the Drug Manufacturers - Specialty & Generic industry mean.
  • A Net Profit Margin of -276.2% means that €-2.76 for each €1 in revenue is generated as profit.

Let's take a look of the Net Profit Margin trends of Canopy Growth Corp:

  • The MRQ is -276.2%. The company is making a huge loss. -2
  • The TTM is -372.0%. The company is making a huge loss. -2
Trends
Current periodCompared to+/- 
MRQ-276.2%TTM-372.0%+95.8%
TTM-372.0%YOY-713.1%+341.2%
TTM-372.0%5Y-363.1%-8.9%
5Y-363.1%10Y-383.6%+20.5%
1.1.2. Return on Assets

Shows how efficient Canopy Growth Corp is using its assets to generate profit.

  • Above 5% is considered healthy but always compare Canopy Growth Corp to the Drug Manufacturers - Specialty & Generic industry mean.
  • -10.8% Return on Assets means that Canopy Growth Corp generated €-0.11 profit for each $1 in assets.

Let's take a look of the Return on Assets trends of Canopy Growth Corp:

  • The MRQ is -10.8%. Using its assets, the company is very inefficient in making profit. -2
  • The TTM is -10.6%. Using its assets, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-10.8%TTM-10.6%-0.2%
TTM-10.6%YOY-14.3%+3.7%
TTM-10.6%5Y-6.4%-4.2%
5Y-6.4%10Y-5.8%-0.5%
1.1.3. Return on Equity

Shows how efficient Canopy Growth Corp is using its investors money to generate profit.

  • Above 15%-20% is considered healthy but always compare Canopy Growth Corp to the Drug Manufacturers - Specialty & Generic industry mean.
  • -26.9% Return on Equity means Canopy Growth Corp generated €-0.27 for each €1 the owners (shareholders) invested.

Let's take a look of the Return on Equity trends of Canopy Growth Corp:

  • The MRQ is -26.9%. Using its investors money, the company is very inefficient in making profit. -2
  • The TTM is -28.7%. Using its investors money, the company is very inefficient in making profit. -2
Trends
Current periodCompared to+/- 
MRQ-26.9%TTM-28.7%+1.8%
TTM-28.7%YOY-29.5%+0.8%
TTM-28.7%5Y-13.9%-14.8%
5Y-13.9%10Y-12.5%-1.4%

1.2. Operating Efficiency of Canopy Growth Corp.

1.2. Operating Efficiency
1.2.1. Operating Margin

Measures how efficient Canopy Growth Corp is operating .

  • Measures how much profit Canopy Growth Corp makes for each €1 of sales after paying variable costs (production costs, wages, etc) but before taxes.
  • Above 15% is considered healthy but always compare Canopy Growth Corp to the Drug Manufacturers - Specialty & Generic industry mean.
  • An Operating Margin of 0.0% means the company generated €0.00  for each €1 in revenue (before taxes).

Let's take a look of the Operating Margin trends of Canopy Growth Corp:

  • The MRQ is 0.0%. The data is not here.
Trends
Current periodCompared to+/- 
MRQ-TTM-18.5%+18.5%
TTM-18.5%YOY-114.2%+95.7%
TTM-18.5%5Y-212.4%+193.9%
5Y-212.4%10Y-236.2%+23.8%
1.2.2. Operating Ratio

Measures how efficient Canopy Growth Corp is keeping operating costs low.

  • Below 1 is considered healthy (always compare to Drug Manufacturers - Specialty & Generic industry mean).
  • An Operation Ratio of 1.96 means that the operating costs are €1.96 for each €1 in net sales.

Let's take a look of the Operating Ratio trends of Canopy Growth Corp:

  • The MRQ is 1.958. The company is inefficient in keeping operating costs low. -1
  • The TTM is 3.000. The company is inefficient in keeping operating costs low. -1
Trends
Current periodCompared to+/- 
MRQ1.958TTM3.000-1.042
TTM3.000YOY3.824-0.824
TTM3.0005Y3.512-0.512
5Y3.51210Y3.826-0.314

1.3. Liquidity of Canopy Growth Corp.

1.3. Liquidity
1.3.1. Current Ratio

Measures if Canopy Growth Corp is able to pay off Short-term Debt.

  • Above 1.5 is considered healthy (always compare to Drug Manufacturers - Specialty & Generic industry mean).
  • A Current Ratio of 1.79 means the company has €1.79 in assets for each €1 in short-term debts.

Let's take a look of the Current Ratio trends of Canopy Growth Corp:

  • The MRQ is 1.795. The company is able to pay all its short-term debts. +1
  • The TTM is 1.902. The company is able to pay all its short-term debts. +1
Trends
Current periodCompared to+/- 
MRQ1.795TTM1.902-0.107
TTM1.902YOY4.166-2.264
TTM1.9025Y6.443-4.541
5Y6.44310Y6.643-0.200
1.3.2. Quick Ratio

Measures if Canopy Growth Corp is able to pay off Short-term Debt but only using the most liquid assets.

  • Above 1 is considered healthy but always compare Canopy Growth Corp to the Drug Manufacturers - Specialty & Generic industry mean.
  • A Quick Ratio of 0.43 means the company can pay off €0.43 for each €1 in debt (using most liquid assets).

Let's take a look of the Quick Ratio trends of Canopy Growth Corp:

  • The MRQ is 0.426. The company is just not able to pay all its short-term debts with the most liquid assets. -1
  • The TTM is 0.360. The company is just not able to pay all its short-term debts with the most liquid assets. -1
Trends
Current periodCompared to+/- 
MRQ0.426TTM0.360+0.066
TTM0.360YOY1.491-1.131
TTM0.3605Y2.630-2.270
5Y2.63010Y2.228+0.402

1.4. Solvency of Canopy Growth Corp.

1.3. Liquidity
1.4.1. Debt to Asset Ratio

Measures how much % of Canopy Growth Corp assets are financed with debt.

  • Below 1 (100%) is considered healthy but always compare Canopy Growth Corp to Drug Manufacturers - Specialty & Generic industry mean.
  • A Debt to Asset Ratio of 0.60 means that Canopy Growth Corp assets are financed with 59.9% credit (debt) and the remaining percentage (100% - 59.9%) is financed by its owners/shareholders. 

Let's take a look of the Debt to Asset Ratio trends of Canopy Growth Corp:

  • The MRQ is 0.599. The company is able to pay all its debts by selling its assets. +1
  • The TTM is 0.613. The company is able to pay all its debts by selling its assets. +1
Trends
Current periodCompared to+/- 
MRQ0.599TTM0.613-0.013
TTM0.613YOY0.477+0.136
TTM0.6135Y0.406+0.207
5Y0.40610Y0.383+0.023
1.4.2. Debt to Equity Ratio

Measures if Canopy Growth Corp is able to pay off its debts by using shareholders equity.

  • Below 2 is considered healthy but always compare Canopy Growth Corp to the Drug Manufacturers - Specialty & Generic industry mean.
  • A Debt to Equity ratio of 149.7% means that company has €1.50 debt for each €1 in shareholders equity.

Let's take a look of the Debt to Equity Ratio trends of Canopy Growth Corp:

  • The MRQ is 1.497. The company is able to pay all its debts with equity. +1
  • The TTM is 1.631. The company is just able to pay all its debts with equity.
Trends
Current periodCompared to+/- 
MRQ1.497TTM1.631-0.134
TTM1.631YOY0.962+0.669
TTM1.6315Y0.813+0.818
5Y0.81310Y0.753+0.060

2. Market Valuation of Canopy Growth Corp

2.1. Earnings Per Share
2.1. Price to Earnings Ratio

Measures how much money you pay for each share for every €1 in earnings Canopy Growth Corp generates.

  • Above 15 is considered overpriced but always compare Canopy Growth Corp to the Drug Manufacturers - Specialty & Generic industry mean.
  • A PE ratio of -0.75 means the investor is paying €-0.75 for every €1 in earnings.

Let's take a look of the Price to Earnings Ratio trends of Canopy Growth Corp:

  • The EOD is -1.348. Based on the earnings, the company is expensive. -2
  • The MRQ is -0.745. Based on the earnings, the company is expensive. -2
  • The TTM is -1.114. Based on the earnings, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-1.348MRQ-0.745-0.603
MRQ-0.745TTM-1.114+0.369
TTM-1.114YOY-1.441+0.327
TTM-1.1145Y-13.528+12.415
5Y-13.52810Y-11.887-1.641
2.2. Price To Free Cash Flow Ratio

Let's take a look of the Price To Free Cash Flow Ratio trends of Canopy Growth Corp:

  • The EOD is -8.842. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The MRQ is -4.889. Based on how much money comes from the company's main activities, the company is expensive. -2
  • The TTM is -1.534. Based on how much money comes from the company's main activities, the company is expensive. -2
Trends
Current periodCompared to+/- 
EOD-8.842MRQ-4.889-3.953
MRQ-4.889TTM-1.534-3.355
TTM-1.534YOY-4.239+2.705
TTM-1.5345Y-6.927+5.394
5Y-6.92710Y-5.773-1.155
2. Book Value per Share
2.3. Price to Book Ratio

Measures if the stock price of Canopy Growth Corp is to cheap or to expensive compared to its book value.

  • At or below 1 is considered healthy (always compare to Drug Manufacturers - Specialty & Generic industry mean).
  • A PB ratio of 0.80 means the investor is paying €0.80 for each €1 in book value.

Let's take a look of the Price to Book Ratio trends of Canopy Growth Corp:

  • The EOD is 1.449. Based on the equity, the company is underpriced. +1
  • The MRQ is 0.801. Based on the equity, the company is cheap. +2
  • The TTM is 0.338. Based on the equity, the company is cheap. +2
Trends
Current periodCompared to+/- 
EOD1.449MRQ0.801+0.648
MRQ0.801TTM0.338+0.463
TTM0.338YOY0.750-0.412
TTM0.3385Y0.912-0.574
5Y0.91210Y1.005-0.093
2. Total Gains per Share

3. Summary

3.1. Key Performance Indicators

The key performance indicators of Canopy Growth Corp compared to the Most Recent Quarter (MRQ).

 End of day+/-Most Recent QuarterTrailing 12 Months+/-Year-Over-Year+/-5 Year+/-10 Year+/-
Book Value Change Per Share---2.2480.767-393%-1.944-14%-3.775+68%0.249-1002%
Book Value Per Share--5.9785.974+0%4.903+22%17.985-67%20.353-71%
Current Ratio--1.7951.902-6%4.166-57%6.443-72%6.643-73%
Debt To Asset Ratio--0.5990.613-2%0.477+26%0.406+48%0.383+56%
Debt To Equity Ratio--1.4971.631-8%0.962+56%0.813+84%0.753+99%
Dividend Per Share----0%-0%-0%-0%
Eps---1.606-1.057-34%-1.256-22%-1.301-19%-1.211-25%
Free Cash Flow Per Share---0.245-0.514+110%-0.213-13%-0.343+40%-0.343+40%
Free Cash Flow To Equity Per Share---0.736-1.427+94%-0.262-64%-0.445-40%-0.445-40%
Gross Profit Margin--1.0001.0000%1.0000%1.0000%1.0000%
Intrinsic Value_10Y_max---11.330--------
Intrinsic Value_10Y_min---9.880--------
Intrinsic Value_1Y_max---1.284--------
Intrinsic Value_1Y_min---1.261--------
Intrinsic Value_3Y_max---3.744--------
Intrinsic Value_3Y_min---3.577--------
Intrinsic Value_5Y_max---6.068--------
Intrinsic Value_5Y_min---5.642--------
Market Cap789052436.000+45%436256704.800219130705.746+99%1577369097.015-72%3512549329.396-88%3358552072.163-87%
Net Profit Margin---2.762-3.720+35%-7.131+158%-3.631+31%-3.836+39%
Operating Margin----0.1850%-1.1420%-2.1240%-2.3620%
Operating Ratio--1.9583.000-35%3.824-49%3.512-44%3.826-49%
Pb Ratio1.449+45%0.8010.338+137%0.750+7%0.912-12%1.005-20%
Pe Ratio-1.348-81%-0.745-1.114+49%-1.441+93%-13.528+1715%-11.887+1495%
Price Per Share8.660+45%4.7881.877+155%3.666+31%13.105-63%15.656-69%
Price To Free Cash Flow Ratio-8.842-81%-4.889-1.534-69%-4.239-13%-6.927+42%-5.773+18%
Price To Total Gains Ratio-3.853-81%-2.130-0.444-79%-3.527+66%-7.332+244%-10.838+409%
Quick Ratio--0.4260.360+18%1.491-71%2.630-84%2.228-81%
Return On Assets---0.108-0.106-2%-0.143+33%-0.064-41%-0.058-46%
Return On Equity---0.269-0.287+7%-0.295+10%-0.139-48%-0.125-54%
Total Gains Per Share---2.2480.767-393%-1.944-14%-3.775+68%0.249-1002%
Usd Book Value--591395085.400787653978.300-25%2284847582.750-74%3867463027.640-85%3753670183.275-84%
Usd Book Value Change Per Share---2.4410.833-393%-2.111-14%-4.099+68%0.270-1002%
Usd Book Value Per Share--6.4916.487+0%5.324+22%19.529-67%22.099-71%
Usd Dividend Per Share----0%-0%-0%-0%
Usd Eps---1.744-1.147-34%-1.363-22%-1.413-19%-1.315-25%
Usd Free Cash Flow---24223497.225-74522292.493+208%-102415305.759+323%-87718036.375+262%-73098363.646+202%
Usd Free Cash Flow Per Share---0.266-0.558+110%-0.231-13%-0.372+40%-0.372+40%
Usd Free Cash Flow To Equity Per Share---0.799-1.550+94%-0.285-64%-0.483-40%-0.483-40%
Usd Market Cap856753135.009+45%473687530.072237932120.299+99%1712707365.539-72%3813926061.858-88%3646715839.955-87%
Usd Price Per Share9.403+45%5.1992.038+155%3.981+31%14.230-63%16.999-69%
Usd Profit---158917313.073-220825552.546+39%-575634804.347+262%-273988930.662+72%-240888591.186+52%
Usd Revenue--57546016.14863106183.258-9%80808702.715-29%81854837.317-30%72949437.689-21%
Usd Total Gains Per Share---2.4410.833-393%-2.111-14%-4.099+68%0.270-1002%
 EOD+5 -3MRQTTM+18 -14YOY+11 -215Y+13 -1910Y+9 -23

3.2. Fundamental Score

Let's check the fundamental score of Canopy Growth Corp based on Penke's default stock scanner.

Penke's Stock Scanner

  
  
IndicatorConditionValue
Price to Earnings Ratio (EOD)Between0-15-1.348
Price to Book Ratio (EOD)Between0-11.449
Net Profit Margin (MRQ)Greater than0-2.762
Operating Margin (MRQ)Greater than00.000
Quick Ratio (MRQ)Greater than10.426
Current Ratio (MRQ)Greater than11.795
Debt to Asset Ratio (MRQ)Less than10.599
Debt to Equity Ratio (MRQ)Less than11.497
Return on Equity (MRQ)Greater than0.15-0.269
Return on Assets (MRQ)Greater than0.05-0.108
Total2/10 (20.0%)

3.3. Technical Score

Let's check the technical score of Canopy Growth Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5049.806
Ma 20Greater thanMa 509.215
Ma 50Greater thanMa 1007.539
Ma 100Greater thanMa 2005.673
OpenGreater thanClose9.230
Total3/5 (60.0%)



Latest Balance Sheet

Balance Sheet of 2023-12-31. Currency in EUR. All numbers in thousands.

Summary
Total Assets1,359,751
Total Liabilities815,088
Total Stockholder Equity544,524
 As reported
Total Liabilities 815,088
Total Stockholder Equity+ 544,524
Total Assets = 1,359,751

Assets

Total Assets1,359,751
Total Current Assets397,280
Long-term Assets962,471
Total Current Assets
Cash And Cash Equivalents 142,745
Short-term Investments 43,436
Net Receivables 50,957
Inventory 86,917
Other Current Assets 8,759
Total Current Assets  (as reported)397,280
Total Current Assets  (calculated)332,814
+/- 64,466
Long-term Assets
Property Plant Equipment 340,479
Goodwill 85,237
Long Term Investments 119,751
Intangible Assets 119,072
Long-term Assets Other 25,359
Long-term Assets  (as reported)962,471
Long-term Assets  (calculated)689,898
+/- 272,573

Liabilities & Shareholders' Equity

Total Current Liabilities221,345
Long-term Liabilities593,743
Total Stockholder Equity544,524
Total Current Liabilities
Short Long Term Debt 91,336
Accounts payable 25,837
Other Current Liabilities 50,020
Total Current Liabilities  (as reported)221,345
Total Current Liabilities  (calculated)167,193
+/- 54,152
Long-term Liabilities
Long term Debt 520,738
Capital Lease Obligations Min Short Term Debt81,196
Long-term Liabilities Other 5,829
Long-term Liabilities  (as reported)593,743
Long-term Liabilities  (calculated)607,763
+/- 14,020
Total Stockholder Equity
Total Stockholder Equity (as reported)544,524
Total Stockholder Equity (calculated)0
+/- 544,524
Other
Capital Stock8,219,747
Common Stock Shares Outstanding 82,932
Net Debt 469,329
Net Invested Capital 1,156,598
Net Working Capital 175,935
Property Plant and Equipment Gross 445,120



Balance Sheet

Currency in EUR. All numbers in thousands.

 Trend2023-12-312023-09-302023-06-302023-03-312022-12-312022-09-302022-06-302022-03-312021-12-312021-09-302021-06-302021-03-312020-12-312020-09-302020-06-302020-03-312019-12-312019-09-302019-06-302019-03-312018-12-312018-09-302018-06-302018-03-31
> Total Assets 
1,436,817
2,112,313
2,976,460
8,640,115
8,731,805
8,645,551
8,225,183
8,046,042
6,857,745
6,845,830
6,573,730
6,309,182
6,823,480
6,966,483
6,490,756
6,309,030
5,615,050
3,517,527
3,402,270
3,020,155
2,439,098
2,190,534
1,668,224
1,359,751
1,359,7511,668,2242,190,5342,439,0983,020,1553,402,2703,517,5275,615,0506,309,0306,490,7566,966,4836,823,4806,309,1826,573,7306,845,8306,857,7458,046,0428,225,1838,645,5518,731,8058,640,1152,976,4602,112,3131,436,817
   > Total Current Assets 
481,777
892,794
702,867
5,277,177
5,070,140
3,864,341
3,568,508
3,172,726
2,564,373
2,613,947
2,291,889
2,171,625
2,838,194
2,675,176
2,503,009
1,988,156
1,737,402
1,593,572
1,538,175
1,172,910
1,077,254
883,224
493,695
397,280
397,280493,695883,2241,077,2541,172,9101,538,1751,593,5721,737,4021,988,1562,503,0092,675,1762,838,1942,171,6252,291,8892,613,9472,564,3733,172,7263,568,5083,864,3415,070,1405,277,177702,867892,794481,777
       Cash And Cash Equivalents 
322,560
657,896
429,401
4,115,870
2,480,830
1,816,632
1,102,464
1,561,664
1,303,176
975,870
673,287
824,960
1,154,653
559,840
807,621
615,146
776,005
769,495
746,719
598,131
677,007
533,266
240,376
142,745
142,745240,376533,266677,007598,131746,719769,495776,005615,146807,621559,8401,154,653824,960673,287975,8701,303,1761,561,6641,102,4641,816,6322,480,8304,115,870429,401657,896322,560
       Short-term Investments 
0
0
18,762
18,210
2,034,133
1,324,255
1,633,692
705,921
673,323
1,060,901
1,048,921
768,564
1,144,563
1,491,286
1,150,325
807,884
595,651
447,620
396,702
191,119
105,595
37,802
30,000
43,436
43,43630,00037,802105,595191,119396,702447,620595,651807,8841,150,3251,491,2861,144,563768,5641,048,9211,060,901673,323705,9211,633,6921,324,2552,034,13318,21018,76200
       Net Receivables 
21,425
27,746
34,540
95,476
61,830
56,960
55,442
108,822
90,155
72,578
79,668
93,673
92,435
106,455
92,630
100,901
96,443
96,626
108,236
104,640
66,820
128,469
54,537
50,957
50,95754,537128,46966,820104,640108,23696,62696,443100,90192,630106,45592,43593,67379,66872,57890,155108,82255,44256,96061,83095,47634,54027,74621,425
       Inventory 
117,955
171,015
171,126
215,974
262,105
393,738
461,757
709,036
412,303
406,960
400,369
395,664
369,475
412,832
353,915
366,994
204,836
205,948
211,870
214,723
148,901
142,945
87,470
86,917
86,91787,470142,945148,901214,723211,870205,948204,836366,994353,915412,832369,475395,664400,369406,960412,303709,036461,757393,738262,105215,974171,126171,015117,955
       Other Current Assets 
3,705
17,124
15,193
4,027
78,975
102,908
110,347
12,468
36,220
27,684
24,329
30,439
30,403
39,343
34,726
46,739
31,281
31,048
25,487
27,821
10,115
15,133
6,918
8,759
8,7596,91815,13310,11527,82125,48731,04831,28146,73934,72639,34330,40330,43924,32927,68436,22012,468110,347102,90878,9754,02715,19317,1243,705
   > Long-term Assets 
0
0
0
0
3,661,665
4,781,210
4,656,675
4,873,316
4,293,372
4,231,883
4,281,841
4,137,557
3,985,286
4,291,307
3,987,747
4,320,874
3,877,648
1,923,955
1,864,095
1,847,245
1,361,844
1,307,310
1,174,529
962,471
962,4711,174,5291,307,3101,361,8441,847,2451,864,0951,923,9553,877,6484,320,8743,987,7474,291,3073,985,2864,137,5574,281,8414,231,8834,293,3724,873,3164,656,6754,781,2103,661,6650000
       Property Plant Equipment 
303,682
479,898
661,402
960,158
1,096,340
1,429,285
1,633,303
1,725,333
1,524,803
1,508,668
1,495,143
1,148,338
1,074,537
1,142,614
1,123,323
1,080,179
942,780
926,369
864,523
874,029
499,466
395,206
346,227
340,479
340,479346,227395,206499,466874,029864,523926,369942,7801,080,1791,123,3231,142,6141,074,5371,148,3381,495,1431,508,6681,524,8031,725,3331,633,3031,429,2851,096,340960,158661,402479,898303,682
       Goodwill 
314,923
340,374
1,114,158
1,815,624
1,544,055
1,931,915
1,912,484
2,068,696
1,954,471
1,929,418
1,933,476
1,917,900
1,889,354
2,000,458
2,004,006
1,988,250
1,866,503
138,419
136,513
142,076
85,563
84,385
83,858
85,237
85,23783,85884,38585,563142,076136,513138,4191,866,5031,988,2502,004,0062,000,4581,889,3541,917,9001,933,4761,929,4181,954,4712,068,6961,912,4841,931,9151,544,0551,815,6241,114,158340,374314,923
       Long Term Investments 
226,569
270,551
360,388
345,701
475,812
860,012
562,074
475,029
315,096
332,278
407,541
692,385
708,267
751,924
509,284
341,818
341,733
602,229
154,933
598,387
127,241
144,994
142,694
119,751
119,751142,694144,994127,241598,387154,933602,229341,733341,818509,284751,924708,267692,385407,541332,278315,096475,029562,074860,012475,812345,701360,388270,551226,569
       Intangible Assets 
101,526
101,723
103,867
168,536
519,556
528,607
514,033
567,185
476,366
444,199
437,344
366,375
308,167
347,063
342,172
338,753
252,695
242,479
223,501
213,530
188,719
182,942
148,765
119,072
119,072148,765182,942188,719213,530223,501242,479252,695338,753342,172347,063308,167366,375437,344444,199476,366567,185514,033528,607519,556168,536103,867101,723101,526
       Long-term Assets Other 
0
0
0
0
25,902
31,391
34,781
37,073
22,636
17,320
8,337
5,357
4,961
9,514
8,962
15,195
15,342
14,459
14,499
19,223
19,804
19,509
39,324
25,359
25,35939,32419,50919,80419,22314,49914,45915,34215,1958,9629,5144,9615,3578,33717,32022,63637,07334,78131,39125,9020000
> Total Liabilities 
193,579
887,850
1,135,638
1,216,437
1,490,357
2,752,341
2,602,491
2,516,208
1,749,625
1,665,289
1,504,568
2,124,760
3,336,960
2,821,429
2,245,136
2,097,386
1,984,553
1,834,607
1,738,241
1,580,406
1,679,076
1,343,029
918,760
815,088
815,088918,7601,343,0291,679,0761,580,4061,738,2411,834,6071,984,5532,097,3862,245,1362,821,4293,336,9602,124,7601,504,5681,665,2891,749,6252,516,2082,602,4912,752,3411,490,3571,216,4371,135,638887,850193,579
   > Total Current Liabilities 
92,028
130,554
1,090,292
295,679
411,663
372,754
425,830
418,309
420,589
319,676
324,460
348,219
284,330
256,130
259,903
239,246
212,898
404,408
542,401
678,741
803,842
451,157
196,252
221,345
221,345196,252451,157803,842678,741542,401404,408212,898239,246259,903256,130284,330348,219324,460319,676420,589418,309425,830372,754411,663295,6791,090,292130,55492,028
       Short-term Debt 
1,557
2,539
903,453
18,447
103,716
18,288
14,115
21,652
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
000000000000000021,65214,11518,288103,71618,447903,4532,5391,557
       Short Long Term Debt 
1,557
2,539
903,453
18,447
103,716
18,288
14,115
21,652
16,393
22,570
13,272
13,031
9,827
15,705
8,825
15,702
9,296
193,072
321,976
455,483
556,890
252,902
49,964
91,336
91,33649,964252,902556,890455,483321,976193,0729,29615,7028,82515,7059,82713,03113,27222,57016,39321,65214,11518,288103,71618,447903,4532,5391,557
       Accounts payable 
46,175
46,125
32,624
39,272
188,920
205,033
241,847
152,823
123,393
89,368
81,064
86,463
67,262
91,339
94,367
67,837
64,270
64,647
68,203
63,139
76,234
57,554
22,724
25,837
25,83722,72457,55476,23463,13968,20364,64764,27067,83794,36791,33967,26286,46381,06489,368123,393152,823241,847205,033188,92039,27232,62446,12546,175
       Other Current Liabilities 
900
767
27,206
61,620
81,414
97,647
124,853
143,463
189,987
101,232
130,227
150,224
109,319
68,860
78,112
87,145
68,784
83,658
73,340
88,478
98,818
101,558
71,520
50,020
50,02071,520101,55898,81888,47873,34083,65868,78487,14578,11268,860109,319150,224130,227101,232189,987143,463124,85397,64781,41461,62027,206767900
   > Long-term Liabilities 
0
0
0
0
1,078,694
2,379,587
2,176,661
2,097,899
1,329,036
1,345,613
1,180,108
1,776,541
3,052,630
2,565,299
1,985,233
1,858,140
1,771,655
1,430,199
1,195,840
901,665
875,234
891,872
722,508
593,743
593,743722,508891,872875,234901,6651,195,8401,430,1991,771,6551,858,1401,985,2332,565,2993,052,6301,776,5411,180,1081,345,6131,329,0362,097,8992,176,6612,379,5871,078,6940000
       Capital Lease Obligations 
0
0
0
0
0
0
0
0
40,356
135,318
142,741
137,435
136,225
130,036
126,837
142,984
139,160
135,829
128,389
118,704
109,309
89,926
83,970
81,196
81,19683,97089,926109,309118,704128,389135,829139,160142,984126,837130,036136,225137,435142,741135,31840,35600000000
       Long-term Liabilities Other 
0
0
0
0
140,404
1,487,961
1,495,262
1,496,059
440,660
356,229
210,609
508,137
613,076
465,864
267,818
194,318
135,924
149,341
61,987
141,891
44,261
23,125
19,289
5,829
5,82919,28923,12544,261141,89161,987149,341135,924194,318267,818465,864613,076508,137210,609356,229440,6601,496,0591,495,2621,487,961140,4040000
> Total Stockholder Equity
1,158,773
1,137,403
1,631,829
7,228,260
6,951,633
5,608,747
5,351,988
5,256,369
4,886,362
4,965,294
4,917,875
3,956,632
3,481,811
4,140,080
4,240,387
4,138,758
3,589,956
1,641,255
1,625,173
1,425,545
758,435
845,930
749,325
544,524
544,524749,325845,930758,4351,425,5451,625,1731,641,2553,589,9564,138,7584,240,3874,140,0803,481,8113,956,6324,917,8754,965,2944,886,3625,256,3695,351,9885,608,7476,951,6337,228,2601,631,8291,137,4031,158,773
   Common Stock
1,076,838
1,124,485
2,097,728
5,947,715
6,026,618
6,074,786
6,331,325
6,359,643
6,373,544
6,724,245
6,745,255
6,787,725
7,168,557
7,463,557
7,468,717
7,478,834
7,482,809
7,601,570
7,818,089
7,867,310
0
8,065,281
0
0
008,065,28107,867,3107,818,0897,601,5707,482,8097,478,8347,468,7177,463,5577,168,5576,787,7256,745,2556,724,2456,373,5446,359,6436,331,3256,074,7866,026,6185,947,7152,097,7281,124,4851,076,838
   Retained Earnings -10,237,693-10,020,896-9,710,882-9,672,761-8,937,603-8,676,020-8,454,214-6,370,337-5,795,721-5,686,796-5,675,738-6,068,156-5,368,178-4,463,798-4,431,737-4,323,236-3,826,095-3,707,022-3,334,686-777,087-441,480-509,062-171,926-91,649
   Capital Surplus 000000000000000000000000
   Treasury Stock000000000000000000000000
   Other Stockholders Equity 
173,584
184,844
43,163
1,722,025
1,702,102
2,868,647
2,727,685
2,722,821
220,899
152,415
103,306
27,407
-34,240
-61,518
-27,448
-26,727
-42,282
-21,554
-33,707
-14,248
0
-8,509
0
0
00-8,5090-14,248-33,707-21,554-42,282-26,727-27,448-61,518-34,24027,407103,306152,415220,8992,722,8212,727,6852,868,6471,702,1021,722,02543,163184,844173,584



Balance Sheet

Currency in EUR. All numbers in thousands.




Cash Flow

Currency in CAD. All numbers in thousands.




Income Statement

Currency in CAD. All numbers in thousands.


Latest Income Statement (annual, 2023-03-31)

Gross Profit (+$)
totalRevenue402,904
Cost of Revenue-507,044
Gross Profit-104,140-104,140
 
Operating Income (+$)
Gross Profit-104,140
Operating Expense-958,763
Operating Income-555,859-1,062,903
 
Operating Expense (+$)
Research Development21,718
Selling General Administrative392,284
Selling And Marketing Expenses-
Operating Expense958,763414,002
 
Net Interest Income (+$)
Interest Income24,282
Interest Expense-126,160
Other Finance Cost-0
Net Interest Income-101,878
 
Pretax Income (+$)
Operating Income-555,859
Net Interest Income-101,878
Other Non-Operating Income Expenses-
Income Before Tax (EBT)-3,314,3202,100,724
EBIT - interestExpense = -126,160
-3,278,158
-3,151,998
Interest Expense126,160
Earnings Before Interest and Taxes (EBIT)--3,188,160
Earnings Before Interest and Taxes (EBITDA)-507,036
 
After tax Income (+$)
Income Before Tax-3,314,320
Tax Provision--4,774
Net Income From Continuing Ops-3,309,546-3,309,546
Net Income-3,278,158
Net Income Applicable To Common Shares-
 
Non-recurring Events
Discontinued Operations-
Extraordinary Items-
Effect of Accounting Charges-
Other Items-
Non Recurring-
Other Operating Expenses-
Total Other Income/Expenses Net-2,656,583101,878
 

Technical Analysis of Canopy Growth Corp
The psychology behind the price

Technical indicators reflecting market sentiment and the collective psychology of you and other traders. Your emotions and other traders' emotions, such as fear and greed, play a significant role in driving price movements.

General trend

First of all, I'm going to put something in the back of your mind. One of the most stable factors that gives you more confidence as a trader: the general trend of Canopy Growth Corp. The general trend of Canopy Growth Corp is BULLISH with 71.4% confidence. It is very important for your mental being to use each indicator with this in mind. But beware, also the general trend flips once in a while! You can use moving averages to determine Canopy Growth Corp's overall trend. For convenience I use the most commonly used moving averages: 20, 50, 100 & 200. Of course you can use other moving averages or other indicators to determine the trend.

Indicator phases

Some of the indicators I use have 3 zones: overbought, oversold and neutral. Transitions between these zones (market phases) provide valuable trading signals and insights. Expecially with the general trend mind, I use the highlighted phases:

Indicator zone transitionsBullish trend (71.4%) Bearish trend (-71.4%)
Overbought to neutralBullish pullback=Bearish reversal
Upper to lower neutralBullish correction=Bearish continuation
Nuetral to oversoldOversold=Oversold
Oversold to neutralBullish reversal=Bearish correction
Lower to upper neutralBullish continuation=Bearish pullback
Nuetral to overboughtOverbought=Overbought

1. Price Targets

1.1 Support & Resistance

Support and resistance are levels on a price chart that act as barriers or zones where the price of an asset tends to stop, reverse, or experience a significant amount of buying or selling pressure.

Support is a price level at which demand for an asset is strong enough to prevent the price from falling further.
Resistance is a price level at which selling pressure becomes significant enough to prevent the price of an asset from rising further.


Score

Let's take a look at the Support & Resistance of Canopy Growth Corp.

The long score for the Support & Resistance is 0/1.
The longshort score for the Support & Resistance is 0/(-1 +1).

  • Between support/resistance: The price is trading between support and resistance lines.

The bullish price targets are: 13.82 < 17.21 < 18.79.

The bearish price targets are: 8.22 > 5.82 > 5.096.

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Canopy Growth Corp Daily Support & Resistance Chart

2. Trend Indicators

2.1 Moving Averages

Shows the moving average of the selected period.

  • Moving averages are lagging trend indicators.
  • There are many types of moving averages.
  • Moving averages are also used within other indicators.

Score

Let's take a look at the Moving Averages of Canopy Growth Corp. The current mas is .

The long score for the Moving Averages is 12/14.
The longshort score for the Moving Averages is 10/(-14 +14).

  • MA 20 trending up: The MA 20 is trending up. +1
  • Close < MA 20: The price is below the MA 20. -1
  • MA 20 > MA 50: The MA 20 is higher than the MA 50. +1
  • MA 20 > MA 100: The MA 20 is higher than the MA 100. +1
  • MA 20 > MA 200: The MA 20 is higher than the MA 200. +1
  • MA 50 trending up: The MA 50 is trending up. +1
  • Close > MA 50: The price is above the MA 50. +1
  • MA 50 > MA 100: The MA 50 is higher than the MA 100. +1
  • MA 50 > MA 200: The MA 50 is higher than the MA 200. +1
  • MA 100 trending up: The MA 100 is trending up. +1
  • Close > MA 100: The price is above the MA 100. +1
  • MA 100 < MA 200: The MA 100 is lower than the MA 200. -1
  • MA 200 trending up: The MA 200 is trending up. +1
  • Close > MA 200: The price is above the MA 200. +1

Directionalities and relatives.

Moving AverageAmount of candlesTrendPrice +/-vs. MA 50vs. MA 100vs. MA 200
MA 2020
MA 5050-
MA 100100--
MA 200200---

Explanation: https://www.youtube.com/watch?v=xwW8h0lrQ-I

Canopy Growth Corp Daily Moving Averages Chart
2.2 Moving Average Convergence/Divergence (MACD)

Shows the momentum of the selected period based on two moving averages.

  • MACD is a lagging momentum indicator.
  • Uses two moving averages.
  • Can show buy or sell signals based on momentum.
  • Can show overbought. and oversold. levels.

Score

Let's take a look at the Moving Average Convergence/Divergence (MACD) of Canopy Growth Corp. The current macd is 0.47818573.

The long score for the Moving Average Convergence/Divergence (MACD) is 1/4.
The longshort score for the Moving Average Convergence/Divergence (MACD) is -2/(-4 +4).

  • MACD line < signal line: The MACD line is below the signal line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Canopy Growth Corp price going down in the near term. -2
  • MACD > 0: The MACD is above the zero line (centerline), it indicates a bullish signal for Canopy Growth Corp. This means that the short-term moving average is higher than the long-term moving average, signaling positive momentum and suggesting a higher likelihood of the Canopy Growth Corp price continuing to rise in the near future. It indicates that buyers are gaining control, and there is optimism in the market, leading to potential price increases. +1
  • Trending down: The MACD line is trending down. This indicates that the short-term moving average is falling faster than the long-term moving average, suggesting negative momentum in the market. This signals that sellers are becoming more active and insecure, leading to potential price decreases as traders anticipate further losses and are willing to sell at lower prices. -1
Canopy Growth Corp Daily Moving Average Convergence/Divergence (MACD) ChartCanopy Growth Corp Daily Moving Average Convergence/Divergence (MACD) Chart
2.3 Directional Movement Index (DMI)

The DMI is a collection of 3 indicators: +DI (Plus Direction Indicator), -DI (Minus Direction Indicator) and ADX (Average Directional Index). The ADX helps you determine the strength of a trend.


Score

Let's take a look at the Directional Movement Index (DMI) of Canopy Growth Corp. The current adx is 46.28.

The long score for the Directional Movement Index (DMI) is 3/7.
The longshort score for the Directional Movement Index (DMI) is 3/(-7 +7).

  • PLUS_ID > MINUS_DI: The +DI line is above the -DI line. This indicates a bullish signal in the market, as the positive directional movement is currently stronger than the negative directional movement, showing that buyers have the upper hand. Market psychology suggests that traders are optimistic, expecting further price increases, and are more willing to buy Canopy Growth Corp shares, leading to potential upward momentum in its price. +1
  • PLUS_ID > MINUS_DI && ADX > 25 && ADX trending down: The ADX is above 25 and indicates a strong bullish trend. The ADX is declining, the bullish trend is weakening. Could be a potential reversal to the downside. +2
Canopy Growth Corp Daily Directional Movement Index (DMI) Chart
2.4 Parabolic SAR

Shows the current trend and potential entry and exit signals.

  • Parabolic SAR (stop and reverse) is a lagging trend indicator.
  • Shows the current trend.
  • Shows potential entry signals.
  • Shows  potential exit signals.
  • Can be used to place trailing stoplosses..

Score

Let's take a look at the Parabolic SAR of Canopy Growth Corp. The current sar is 12.10.

The long score for the Parabolic SAR is 0/1.
The longshort score for the Parabolic SAR is -1/(-1 +1).

  • Close < SAR: The price is below the SAR. It's generally considered a bearish signal. -1
Canopy Growth Corp Daily Parabolic SAR Chart

3. Momentum Indicators

3.1 Relative Strength Index (RSI)

Measures the speed and change of price movements.

  • Leading momentum indicator, meaning the signals are instant.
  • Ranges between 0 and 100.
  • Above 70 is considered overbought.
  • Below 30 is considered oversold.
  • Above or below 50 can also be used to determine price trend or support and resistance.
  • RSI divergence looks at a deviation between RSI and price movement. Penketrading automatically calculates RSI divergences.
  • Can be used in many different ways

Score

Let's take a look at the Relative Strength Index (RSI) of Canopy Growth Corp. The current rsi is 49.81. The current phase is Correction in bull market.

The long score for the Relative Strength Index (RSI) is 0/13.
The longshort score for the Relative Strength Index (RSI) is -4/(-13 +13).

  • Correction in bull market: Moderate price decline, potential pause in the uptrend. Reassess the market, wait for signs of stabilization.
  • Trending down: The RSI is trending down. -1
Canopy Growth Corp Daily Relative Strength Index (RSI) ChartCanopy Growth Corp Daily Relative Strength Index (RSI) Chart
3.2 Stochastic Oscillator

Compares a certain price to multiple prices ranging over time.

  • Leading momentum indicator, meaning the signals are instant.
  • Used to determine overbought and oversold areas much like the RSI.
  • Ranges between 0 and 100.
  • Above 80 is considered overbought.
  • Below 20 is considered oversold.
  • Consists of two lines named K and D.
  • K compares the highest high and lowest low on the selected price range.
  • The D line is a moving average of the K line.
  • Can be used to spot divergences

Score

Let's take a look at the Stochastic Oscillator of Canopy Growth Corp. The current phase is Oversold in bull market.

The long score for the Stochastic Oscillator is 0/6.
The longshort score for the Stochastic Oscillator is -6/(-6 +6).

  • STOCH < 50: The STOCH %K is below 50. There are more sellers than buyers. -1
  • STOCH < 20: The STOCH %K is below 20 and oversold. -2
  • STOCH %K line < STOCH %D line: The STOCH %K line is below the STOCH %D line, which indicates a bearish signal in the market. This means that the negative momentum is currently stronger than the average momentum, suggesting that sellers are more active than buyers, and there's a higher probability of the Canopy Growth Corp price going down in the near term. -2
  • Trending down: The STOCH %K is trending down. -1
Canopy Growth Corp Daily Stochastic Oscillator ChartCanopy Growth Corp Daily Stochastic Oscillator Chart
3.3 Commodity Channel Index (CCI)

Measures the difference between the current price and the historical average price.

  • Lagging or leading Momentum indicator
  • When the CCI is above zero, the price is above the historical average
  • When the CCI is below zero, the price is below the historical average
  • Used for spotting trends
    • If the CCI moves from negative or near zero to positive 100 that might indicate an uptrend
    • If the CCI moves from positive or near zero to negative -100 that might indicate a downtrend

Score

Let's take a look at the Commodity Channel Index (CCI) of Canopy Growth Corp. The current cci is -33.51844506.

Canopy Growth Corp Daily Commodity Channel Index (CCI) ChartCanopy Growth Corp Daily Commodity Channel Index (CCI) Chart
3.4 Chande Momentum Oscillator (CMO)

Measures the difference between the sum of recent gains and the sum of recent losses. Then divides the result by the sum of all price movements in that period.

  • Lagging momentum indicator
  • Ranges between +100 and -100
  • Considered overbought above +50
  • Considered oversold below -50
  • It's possible to add a moving average that acts as a signal line

Score

Let's take a look at the Chande Momentum Oscillator (CMO) of Canopy Growth Corp. The current cmo is -8.46391224.

The long score for the Chande Momentum Oscillator (CMO) is 0/1.
The longshort score for the Chande Momentum Oscillator (CMO) is -1/(-1 +1).

  • CMO < 0: The CMO is below 0, the momentum of the price is negative, indicating a potential downtrend in the price. -1
Canopy Growth Corp Daily Chande Momentum Oscillator (CMO) ChartCanopy Growth Corp Daily Chande Momentum Oscillator (CMO) Chart
3.5 Williams %R

 Shows the current price relative to the highest high over the last 14 days.
 

  • Lagging momentum indicator
  • Ranging between 0 and -100
  • Above -20 is considered overbought
  • Below -80 is considered oversold
  • Is prone to give false signals

Score

Let's take a look at the Williams %R of Canopy Growth Corp. The current willr is -83.33333333.

The long score for the Williams %R is 0/1.
The longshort score for the Williams %R is -1/(-1 +1).

  • WILLR < -80: The Williams %R is below -80. This indicates that the price is in oversold territory, suggesting a potential price correction or trend reversal to the upside. -1
Canopy Growth Corp Daily Williams %R ChartCanopy Growth Corp Daily Williams %R Chart

4. Volatility Indicators

4.1 Bollinger Bands

Shows if the price is to high or to low relative to an average.

  • Lagging volatility indicator
  • Uses 3 bands: one upper, one lower and one in the middle
  • Works best when the middle band reflects an intermediate trend (MA20).
  • When the price is moving closer to the upper band, the market might be overbought
  • When the price is moving closer to the lower band, the market might be oversold 

Score

Let's take a look at the Bollinger Bands of Canopy Growth Corp.

Canopy Growth Corp Daily Bollinger Bands Chart
4.2 Average True Range (ATR)
Measures market volatility
  • Leading volatility indicator
  • Can be used to determine stop-loss positions
  • Calculated by:
    • Current high minus the current low
    • Current high minus the previous close
    • Current low minus the previous close
  • The larger the range of the candles, the greater the ATR value

Score

Let's take a look at the Average True Range (ATR) of Canopy Growth Corp. The current atr is 1.11669682.

Canopy Growth Corp Daily Average True Range (ATR) ChartCanopy Growth Corp Daily Average True Range (ATR) Chart

5. Volume Indicators

5.1 On-Balance Volume (OBV)

 Measures market volatility

  • Leading momentum indicator
  • Calculation:
    • If the closing price is above the previous closing price: OBV = previous OBV + current volume
    • If the closing price is below the previous closing price: OBV = previous OBV - current volume
    • If the closing price is the same as the previous closing price than the OBV is the same.
  • Can be used to confirm price trends
  • Can be used with divergences

Score

Let's take a look at the On-Balance Volume (OBV) of Canopy Growth Corp. The current obv is -1,829,523.

Canopy Growth Corp Daily On-Balance Volume (OBV) ChartCanopy Growth Corp Daily On-Balance Volume (OBV) Chart
5.2 Money Flow Index (MFI)

Measures the flow of money in and out of a security

  • Lagging momentum indicator
  • Looks like RSI but uses volume as an extra metric (RSI only considers price)
  • Above 80 is considered overbought
  • Below 20 is considered oversold
  • Can be used with divergences

Score

Let's take a look at the Money Flow Index (MFI) of Canopy Growth Corp. The current mfi is 24.99.

The long score for the Money Flow Index (MFI) is 0/2.
The longshort score for the Money Flow Index (MFI) is -1/(-2 +2).

  • MFI < 50: -1
Canopy Growth Corp Daily Money Flow Index (MFI) ChartCanopy Growth Corp Daily Money Flow Index (MFI) Chart

6. Summary

6.1. Notifications

TypeNotificationDate
PenkeCurrently no notifications for Canopy Growth Corp.

6.2. Trading Signals

Below you will find trading signals as the indicator is commonly used. This doesn't mean you should use it that way. Learn from these, but don't use them blindly. I recommend using at least 4 indicators, 1 from each category: trend, momentum, volatility and volume.

DateIndicatorSignal
2024-01-02STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-01-08STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-01-09STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-12CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-16MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-01-18STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-01-19DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-01-22STOCH SHORT EXITThe %K line crosses above the %D line.
2024-01-24DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
2024-01-25SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-01-26STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-01-29STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-01-31STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-02-01STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-02-02STOCH LONG EXITThe %K line crosses below the %D line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-06STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-07STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-08MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
DMI SHORT ENTRY LONG CLOSEThe +DI crossed the -DI to the downside. The trend is reversing to a down trend.
SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
BB LONG ENTRY SHORT CLOSEPrice closed below the lower band.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-12MFI SHORT ENTRY LONG CLOSE20 crossover to downside
2024-02-13ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-20STOCH LONG EXITThe %K line crosses below the %D line.
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-02-21CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-02-23STOCH SHORT EXITThe %K line crosses above the %D line.
2024-02-26MFI LONG ENTRY SHORT CLOSE20 crossover to upside
2024-02-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-02-29WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-04CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-06RSI LONG ENTRY SHORT CLOSE30 crossover to upside
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-11MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
2024-03-12STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-03-13STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-14STOCH LONG EXITThe %K line crosses below the %D line.
CCI SHORT ENTRY LONG CLOSE-100 crossover to downside
2024-03-15STOCH SHORT EXITThe %K line crosses above the %D line.
2024-03-18DMI LONG ENTRY SHORT CLOSEThe +DI crossed the -DI to the upside. The trend is reversing to an up trend.
SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-19WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-20MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-03-21STOCH LONG EXITThe %K line crosses below the %D line.
2024-03-22ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-25RSI SHORT ENTRY LONG CLOSE70 crossover to downside
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-03-26ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-27STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-03-28STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-03STOCH SHORT EXITThe %K line crosses above the %D line.
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-04RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-05WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-04-08RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH SHORT EXITThe %K line crosses above the %D line.
MFI LONG ENTRY SHORT CLOSE80 crossover to upside
2024-04-09STOCH LONG EXITThe %K line crosses below the %D line.
MFI SHORT ENTRY LONG CLOSE80 crossover to downside
2024-04-10SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
2024-04-12MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-04-16WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-04-18STOCH SHORT EXITThe %K line crosses above the %D line.
CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-04-22STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-23SAR LONG ENTRY SHORT CLOSEThe price broke the SAR to the upside.
STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-25STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-26STOCH SHORT EXITThe %K line crosses above the %D line.
2024-04-29STOCH LONG EXITThe %K line crosses below the %D line.
2024-04-30MACD LONG ENTRY SHORT CLOSEThe MACD line crosses above the signal line.
STOCH SHORT EXITThe %K line crosses above the %D line.
CCI LONG ENTRY SHORT CLOSE100 crossover to upside
WILLR LONG ENTRY SHORT CLOSE-20 crossover to upside
BB SHORT ENTRY LONG CLOSEPrice closed above the lower band.
ATR LONG ENTRY SHORT CLOSEPrice closed above (close + ATR).
2024-05-02RSI SHORT ENTRY LONG CLOSE70 crossover to downside
STOCH LONG EXITThe %K line crosses below the %D line.
ATR SHORT ENTRY LONG CLOSEPrice closed below (close - ATR).
2024-05-07MACD SHORT ENTRY LONG CLOSEThe MACD line crosses below the signal line.
2024-05-08SAR SHORT ENTRY LONG CLOSEThe price broke the SAR to the downside
CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
2024-05-09CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-05-10CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside
2024-05-13CMO LONG ENTRY SHORT CLOSEZero line crossover to upside
2024-05-14STOCH SHORT EXITThe %K line crosses above the %D line.
2024-05-17CCI LONG ENTRY SHORT CLOSE100 crossover to upside
2024-05-20STOCH LONG EXITThe %K line crosses below the %D line.
2024-05-22CMO SHORT ENTRY LONG CLOSEZero line crossover to downside
WILLR SHORT ENTRY LONG CLOSE-80 crossover to downside

6.3. Candlestick Patterns

Canopy Growth Corp Daily Candlestick Chart
DateCandlestick Pattern

6.4. Technical Score

Let's check the technical score of Canopy Growth Corp based on Penke's default Symbol scanner.

Penke's Symbol Scanner

  
  
IndicatorConditionValue
RsiGreater than5049.806
Ma 20Greater thanMa 509.215
Ma 50Greater thanMa 1007.539
Ma 100Greater thanMa 2005.673
OpenGreater thanClose9.230
Total3/5 (60.0%)
Penke

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