Canopy Growth shares: losses in NASDAQ trading - financial experts warn of further decline

Canopy Growth shares: losses in NASDAQ trading - financial experts warn of further decline

According to a report by www.finanzen.net, Canopy Growth shares are among the losers of the day. Canopy Growth's shares have recently been on a downward trend and lost 3.5 percent to USD 0.526 in NASDAQ trading. At 3:52 p.m., Canopy Growth shares slipped 3.5 percent to $0.526 in the NASDAQ session. Canopy Growth shares marked their daily low at $0.526. The paper started the trading day at USD 0.544. Most recently, turnover in NASDAQ trading was 438,946 Canopy Growth shares. The paper reached its highest level in 52 weeks (USD 3,215) on February 3, 2023. The distance to the 52-week high is currently 511.217 percent. The title reached its lowest level in 52 weeks on July 18, 2023 at USD 0.346. Based on the 52-week low, Canopy Growth shares currently still have room for decline of 34.221 percent. Canopy Growth presented its business results for the most recent quarter on November 9, 2023. The EPS was -0.43 CAD. A year earlier, -0.47 CAD per share had been achieved. Sales were estimated at CAD 69.60 - which means a discount of 40.95 percent compared to the same quarter last year, in which CAD 117.86 were generated. Canopy Growth is expected to report its next earnings report for Q3 2024 on February 15, 2024. Experts expect Canopy Growth to post a loss of -CAD 0.457 per share in 2024.

The negative developments at Canopy Growth are concerning. The significant share price decline and poor business results indicate that the company is facing serious challenges. This could also have a negative impact on the market and the industry as a whole. Investors and consumers should therefore keep a close eye on Canopy Growth's performance, as the impact on the market and industry could become even more pronounced.