Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

How to buy Canopy Growth Corporation stock | 19.81

Own Canopy Growth Corporation stock in just a few minutes.

Posted

Fact checked

Canopy Growth Corporation is a drug manufacturers—specialty & generic business based in the US. Canopy Growth Corporation shares (CGC) are listed on the NYSE and all prices are listed in US Dollars. Canopy Growth Corporation employs 4,434 staff and has a market cap (total outstanding shares value) of USD$6.4 billion.

How to buy shares in Canopy Growth Corporation

  1. Compare share trading platforms. If you're a beginner, look for a platform with low commissions, expert ratings and investment tools to track your portfolio. Narrow down top brands with our comparison table.
  2. Open and fund your brokerage account. Complete an application with your personal and financial details, like your ID and bank information. Fund your account with a bank transfer, credit card or debit card.
  3. Search for Canopy Growth Corporation Find the stock by name or ticker symbol: CGC. Research its history to confirm it's a solid investment against your financial goals.
  4. Purchase now or later. Buy today with a market order or use a limit order to delay your purchase until Canopy Growth Corporation reaches your desired price. To spread out your purchase, look into dollar-cost averaging, which smooths out buying at consistent intervals and amounts.
  5. Decide on how many to buy. At last close price of USD$19.81, weigh your budget against a diversified portfolio that can minimize risk through the market's ups and downs. You may be able to buy a fractional share of Canopy Growth Corporation, depending on your broker.
  6. Check in on your investment. Congratulations, you own a part of Canopy Growth Corporation. Optimize your portfolio by tracking how your stock — and even the business — performs with an eye on the long term. You may be eligible for dividends and shareholder voting rights on directors and management that can affect your stock.

How has coronavirus impacted Canopy Growth Corporation's share price?

Since the stock market crash in March caused by coronavirus, Canopy Growth Corporation's share price has had significant negative movement.

Its last market close was USD$19.81, which is 9.46% down on its pre-crash value of USD$21.88 and 120.11% up on the lowest point reached during the March crash when the shares fell as low as USD$9.

If you had bought USD$1,000 worth of Canopy Growth Corporation shares at the start of February 2020, those shares would have been worth USD$565.38 at the bottom of the March crash, and if you held on to them, then as of the last market close they'd be worth USD$896.01.

Canopy Growth Corporation share price

Use our graph to track the performance of CGC stocks over time.

Canopy Growth Corporation shares at a glance

Information last updated 2020-10-13.
Latest market closeUSD$19.81
52-week rangeUSD$9 - USD$25.97
50-day moving average USD$15.9391
200-day moving average USD$16.4112
Wall St. target priceN/A
PE ratio N/A
Dividend yield N/A (0%)
Earnings per share (TTM) USD$-1.794

Compare trading platforms

Compare special offers, low fees and a wide range of types of investments among top trading platforms.
Name Product Stock trade fee Asset types Option trade fee Annual fee
Vanguard
$0
Stocks, Mutual funds, ETFs, Forex
$1
$20 per year
Get a personal advisor when you open an account with at least $50,000.
Robinhood
$0
Stocks, Options, ETFs, Cryptocurrency
$0
0%
Make unlimited commission-free trades in stocks, funds, and options with Robinhood Financial.
Interactive Brokers
$0
Stocks, Bonds, Options, Mutual funds, Index funds, ETFs, Futures, Cash
$0 + $0.65/contract, $1 minimum
0%
IBKR Lite offers $0 commissions, and IBKR Pro offers advanced tools for professional traders.
Sofi Invest
$0
Stocks, ETFs, Cryptocurrency
N/A
0%
A free way to invest in stocks, ETFs and crypto.
TD Ameritrade
$0
or $25 broker-assisted
Stocks
$0 + $0.65/contract,
or $25 broker-assisted
TD Ameritrade features $0 commission for online stock, but watch out for high short-term ETF and broker-assisted trading fees.
Tastyworks
$0
Stocks, Options, ETFs, Futures
Stocks & ETFs: $1/contract to open, $0 to close, $10 max/leg
Futures: $2.50/contract to open, $0 to close
0%
Trade stocks, options, ETFs and futures on mobile or desktop with this advanced platform.
loading

Compare up to 4 providers

The value of any investment can go up or down depending on news, trends and market conditions. We are not investment advisers, so do your own due diligence to understand the risks before you invest.

Is it a good time to buy Canopy Growth Corporation stock?

The technical analysis gauge below displays real-time ratings for the timeframes you select. This is not a recommendation, however. It represents a technical analysis based on the most popular technical indicators: Moving Averages, Oscillators and Pivots. Finder might not concur and takes no responsibility.

This chart is not advice or a guarantee of success. Rather, it gauges the real-time recommendations of three popular technical indicators: moving averages, oscillators and pivots. Finder is not responsible for how your stock performs.

Canopy Growth Corporation price performance over time

Historical closes compared with the close of $19.81 from 2020-10-19

1 week (2020-10-13) 5.94%
1 month (2020-09-18) 21.09%
3 months (2020-07-20) 11.98%
6 months (2020-04-20) 30.59%
1 year (2019-10-18) -1.98%
2 years (2018-10-19) -57.72%
3 years (2017-10-20) 95.58%
5 years (2015-10-20) 1,176.42%

Canopy Growth Corporation financials

Gross profit TTM USD$105.1 million
Return on assets TTM -6.72%
Return on equity TTM -23.7%
Profit margin -297.1%
Book value $5.285
Market capitalisation USD$6.4 billion

TTM: trailing 12 months

Shorting Canopy Growth Corporation shares

There are currently 47.0 million Canopy Growth Corporation shares held short by investors – that's known as Canopy Growth Corporation's "short interest". This figure is 0.8% up from 46.6 million last month.

There are a few different ways that this level of interest in shorting Canopy Growth Corporation shares can be evaluated.

Canopy Growth Corporation's "short interest ratio" (SIR)

Canopy Growth Corporation's "short interest ratio" (SIR) is the quantity of Canopy Growth Corporation shares currently shorted divided by the average quantity of Canopy Growth Corporation shares traded daily (recently around 3.5 million). Canopy Growth Corporation's SIR currently stands at 13.37. In other words for every 100,000 Canopy Growth Corporation shares traded daily on the market, roughly 13370 shares are currently held short.

However Canopy Growth Corporation's short interest can also be evaluated against the total number of Canopy Growth Corporation shares, or, against the total number of tradable Canopy Growth Corporation shares (the shares that aren't held by "insiders" or major long-term shareholders – also known as the "float"). In this case Canopy Growth Corporation's short interest could be expressed as 0.13% of the outstanding shares (for every 100,000 Canopy Growth Corporation shares in existence, roughly 130 shares are currently held short) or 0.5318% of the tradable shares (for every 100,000 tradable Canopy Growth Corporation shares, roughly 532 shares are currently held short).

A SIR above 10% would generally be considered pretty high, pointing to a potentially pessimistic outlook for the share price and a discouraging interest in betting against Canopy Growth Corporation.

Find out more about how you can short Canopy Growth Corporation stock.

Canopy Growth Corporation share dividends

We're not expecting Canopy Growth Corporation to pay a dividend over the next 12 months.

Canopy Growth Corporation share price volatility

Over the last 12 months, Canopy Growth Corporation's shares have ranged in value from as little as $9 up to $25.97. A popular way to gauge a stock's volatility is its "beta".

CGC.US volatility(beta: 2.31)Avg. volatility(beta: 1.00)LowHigh

Beta is a measure of a share's volatility in relation to the market. The market (NYSE average) beta is 1, while Canopy Growth Corporation's is 2.3147. This would suggest that Canopy Growth Corporation's shares are significantly more volatile than the average for this exchange and represent a higher risk.

Canopy Growth Corporation overview

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis for recreational and medical purposes primarily in Canada, the United States, Germany, and the United Kingdom. It operates through two segments, Cannabis, Hemp and Other Consumer Products; and Canopy Rivers. The company's products include dried cannabis flowers, oils and concentrates, and softgel capsules. It offers its products under the Tweed, Quatreau, Deep Space, Spectrum Therapeutics, First & Free, TWD, This Works, BioSteel, DNA Genetics CraftGrow, Tokyo Smoke, DOJA, Van der Pop, and Bean & Bud brands. The company also provides growth capital and a strategic support platform that pursues investment opportunities in the global cannabis sector. Canopy Growth Corporation has a clinical research partnership with NEEKA Health Canada and NHL Alumni Association to examine the efficacy of CBD-based therapies as part of the mitigation of persistent post-concussion symptoms. As of February 14, 2020, it operated 28 cannabis retail stores under the Tweed or Tokyo Smoke name. The company was formerly known as Tweed Marijuana Inc. and changed its name to Canopy Growth Corporation in September 2015. Canopy Growth Corporation is headquartered in Smiths Falls, Canada.

Frequently asked questions

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site