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Canopy Growth (CGC) Competitors

Canopy Growth logo
$3.73 -0.01 (-0.27%)
(As of 11/15/2024 ET)

CGC vs. TVTX, SPRY, SNDX, DAWN, PRAX, SAVA, RCKT, KURA, GYRE, and CALT

Should you be buying Canopy Growth stock or one of its competitors? The main competitors of Canopy Growth include Travere Therapeutics (TVTX), ARS Pharmaceuticals (SPRY), Syndax Pharmaceuticals (SNDX), Day One Biopharmaceuticals (DAWN), Praxis Precision Medicines (PRAX), Cassava Sciences (SAVA), Rocket Pharmaceuticals (RCKT), Kura Oncology (KURA), Gyre Therapeutics (GYRE), and Calliditas Therapeutics AB (publ) (CALT). These companies are all part of the "pharmaceutical products" industry.

Canopy Growth vs.

Travere Therapeutics (NASDAQ:TVTX) and Canopy Growth (NASDAQ:CGC) are both small-cap medical companies, but which is the better business? We will contrast the two companies based on the strength of their community ranking, analyst recommendations, earnings, risk, valuation, profitability, media sentiment, institutional ownership and dividends.

3.3% of Canopy Growth shares are owned by institutional investors. 3.8% of Travere Therapeutics shares are owned by insiders. Comparatively, 1.3% of Canopy Growth shares are owned by insiders. Strong institutional ownership is an indication that endowments, hedge funds and large money managers believe a stock will outperform the market over the long term.

Travere Therapeutics has a beta of 0.7, suggesting that its share price is 30% less volatile than the S&P 500. Comparatively, Canopy Growth has a beta of 0.87, suggesting that its share price is 13% less volatile than the S&P 500.

Travere Therapeutics received 57 more outperform votes than Canopy Growth when rated by MarketBeat users. Likewise, 57.04% of users gave Travere Therapeutics an outperform vote while only 19.42% of users gave Canopy Growth an outperform vote.

CompanyUnderperformOutperform
Travere TherapeuticsOutperform Votes
77
57.04%
Underperform Votes
58
42.96%
Canopy GrowthOutperform Votes
20
19.42%
Underperform Votes
83
80.58%

In the previous week, Travere Therapeutics and Travere Therapeutics both had 8 articles in the media. Travere Therapeutics' average media sentiment score of 0.74 beat Canopy Growth's score of 0.16 indicating that Travere Therapeutics is being referred to more favorably in the media.

Company Very Positive Positive Neutral Negative Very Negative Overall Sentiment
Travere Therapeutics
3 Very Positive mention(s)
0 Positive mention(s)
3 Neutral mention(s)
0 Negative mention(s)
0 Very Negative mention(s)
Positive
Canopy Growth
1 Very Positive mention(s)
1 Positive mention(s)
0 Neutral mention(s)
1 Negative mention(s)
0 Very Negative mention(s)
Neutral

Travere Therapeutics currently has a consensus price target of $22.62, suggesting a potential upside of 27.63%. Canopy Growth has a consensus price target of $3.50, suggesting a potential downside of 6.17%. Given Travere Therapeutics' stronger consensus rating and higher probable upside, equities analysts plainly believe Travere Therapeutics is more favorable than Canopy Growth.

Company Sell Ratings Hold Ratings Buy Ratings Strong Buy Ratings Rating Score
Travere Therapeutics
0 Sell rating(s)
2 Hold rating(s)
11 Buy rating(s)
0 Strong Buy rating(s)
2.85
Canopy Growth
1 Sell rating(s)
2 Hold rating(s)
0 Buy rating(s)
0 Strong Buy rating(s)
1.67

Travere Therapeutics has higher earnings, but lower revenue than Canopy Growth. Travere Therapeutics is trading at a lower price-to-earnings ratio than Canopy Growth, indicating that it is currently the more affordable of the two stocks.

CompanyGross RevenuePrice/Sales RatioNet IncomeEarnings Per SharePrice/Earnings Ratio
Travere Therapeutics$203.45M6.80-$111.40M-$4.55-3.89
Canopy Growth$220.27M1.59-$487.23M-$4.93-0.76

Travere Therapeutics has a net margin of -172.75% compared to Canopy Growth's net margin of -186.17%. Canopy Growth's return on equity of -74.29% beat Travere Therapeutics' return on equity.

Company Net Margins Return on Equity Return on Assets
Travere Therapeutics-172.75% -537.74% -55.65%
Canopy Growth -186.17%-74.29%-29.94%

Summary

Travere Therapeutics beats Canopy Growth on 11 of the 17 factors compared between the two stocks.

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New MarketBeat Followers Over Time

This chart shows the number of new MarketBeat users adding {thisCompany.Symbol} and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
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Media Sentiment Over Time

This chart shows the average media sentiment of NASDAQ and its competitors over the past 90 days as caculated by MarketBeat. The averaged score is equivalent to the following: Very Negative Sentiment <= -1.5, Negative Sentiment > -1.5 and <= -0.5, Neutral Sentiment > -0.5 and < 0.5, Positive Sentiment >= 0.5 and < 1.5, and Very Positive Sentiment >= 1.5.
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CGC vs. The Competition

MetricCanopy GrowthMedicinals & botanicals IndustryMedical SectorNASDAQ Exchange
Market Cap$350.10M$1.26B$5.07B$8.66B
Dividend YieldN/AN/A5.09%4.06%
P/E Ratio-0.7645.42101.9417.40
Price / Sales1.597.381,197.2969.07
Price / CashN/A12.9240.9636.36
Price / Book0.941.946.335.87
Net Income-$487.23M-$52.95M$119.64M$225.66M
7 Day Performance-12.03%-2.37%-5.13%-1.34%
1 Month Performance-13.46%-2.50%-2.72%1.15%
1 Year Performance-32.12%7.07%31.06%24.02%

Canopy Growth Competitors List

CompanyMarketRankShare PriceAnalysts' Price Target1Y Price PerformanceMarket CapRevenueP/E RatioEmployee CountIndicator(s)
CGC
Canopy Growth
1.6237 of 5 stars
$3.73
-0.3%
$3.50
-6.2%
-29.7%$392.99M$220.27M-0.761,029Short Interest ↓
Analyst Revision
TVTX
Travere Therapeutics
3.1218 of 5 stars
$17.72
-4.1%
N/A+194.8%$1.38B$203.45M-3.89460Analyst Forecast
SPRY
ARS Pharmaceuticals
2.6312 of 5 stars
$14.01
-0.7%
N/A+210.6%$1.36B$30,000.00-27.4790Insider Selling
Analyst Revision
News Coverage
SNDX
Syndax Pharmaceuticals
3.4656 of 5 stars
$15.83
-5.7%
N/A+6.9%$1.35B$139.71M-4.36110Analyst Forecast
News Coverage
High Trading Volume
DAWN
Day One Biopharmaceuticals
1.7914 of 5 stars
$13.31
-7.1%
N/A+13.6%$1.34B$101.95M-12.9260Insider Selling
Short Interest ↑
PRAX
Praxis Precision Medicines
1.7896 of 5 stars
$71.76
-6.7%
N/A+398.0%$1.34B$1.61M-6.97110Insider Selling
News Coverage
SAVA
Cassava Sciences
3.7761 of 5 stars
$26.91
+2.9%
N/A+72.0%$1.29BN/A-19.5030Gap Up
RCKT
Rocket Pharmaceuticals
4.1676 of 5 stars
$13.98
-5.7%
N/A-34.5%$1.27BN/A-5.08240Analyst Revision
KURA
Kura Oncology
4.1044 of 5 stars
$15.92
-3.5%
N/A+75.1%$1.24BN/A-6.75142Analyst Upgrade
Short Interest ↑
GYRE
Gyre Therapeutics
0.5583 of 5 stars
$13.09
-5.4%
N/A+1.2%$1.22B$113.45M0.0040Short Interest ↓
News Coverage
CALT
Calliditas Therapeutics AB (publ)
0.1943 of 5 stars
$40.00
flat
N/AN/A$1.19B$1.60B-21.62180News Coverage

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This page (NASDAQ:CGC) was last updated on 11/17/2024 by MarketBeat.com Staff
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