Canopy Growth (CGC) Earns Media Impact Score of 0.09
Media headlines about Canopy Growth (NYSE:CGC) have been trending somewhat positive on Monday, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Canopy Growth earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned news articles about the marijuana producer an impact score of 46.6164611063396 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Marijuana Stocks: Is it Risky to Buy Canopy Growth (TSX:WEED) Stock Now? (fool.ca)
- 5 things you need to know about the hottest weed stock (finance.yahoo.com)
- Better Buy: Canopy Growth Corp (TSX:WEED) Stock vs. Aurora Cannabis (TSX:ACB) Stock (fool.ca)
- Canopy Growth Is One Of Of Jim Cramer’s ‘Fantasy Portfolio’ Picks (msn.com)
- Canopy Growth up 3% premarket after Mad Money mention (seekingalpha.com)
Shares of CGC opened at $51.53 on Monday. The company has a quick ratio of 9.10, a current ratio of 12.80 and a debt-to-equity ratio of 0.01. Canopy Growth has a 52-week low of $7.50 and a 52-week high of $56.60. The firm has a market capitalization of $11.37 billion, a price-to-earnings ratio of -161.03 and a beta of 3.14.
Several equities analysts have issued reports on CGC shares. Canaccord Genuity upgraded Canopy Growth from a “hold” rating to a “buy” rating in a research report on Thursday, August 16th. Zacks Investment Research downgraded Canopy Growth from a “hold” rating to a “sell” rating in a research report on Tuesday, August 28th.
Canopy Growth Company Profile
Canopy Growth Corporation, together with its subsidiaries, engages in growing, possession, and sale of medical cannabis in Canada. Its products include dried flowers, oils and concentrates, softgel capsules, and hemps. The company offers its products under the Tweed, Black Label, Spectrum Cannabis, DNA Genetics, Leafs By Snoop, Bedrocan Canada, CraftGrow, and Foria brand names.
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