Is it good stock CGC?

Canopy Growth Corporation (CGC) is not a good stock, here's why:

1. Financial Performance: Canopy Growth reported a net loss of $68.2 million and a total revenue of $53.76 million for the most recent quarter. The company's diluted EPS is not available, but the gross profit margin is 27.22%, which is low compared to the industry average.
2. Valuation Metrics: The price-to-earnings (P/E) ratio is -1.03, the price-to-sales (P/S) ratio is 2.25, and the price-to-book (P/B) ratio is 1.34, which suggest that the stock is overvalued based on earnings and sales, and fairly valued based on book value.
3. Recent Performance: The stock has experienced a significant decline of 55.59% from its last price of $9.66, with a bearish trend over the past month and a strong resistance level at $8.37.
4. Institutional Confidence: The institutional position ratio is not available, but given the company's poor financial performance and stock price trend, it is likely that large investors are cautious about the company's future prospects.
5. Analyst Confidence: The consensus rating for Canopy Growth is a "Hold" with an average price target of $6.81, indicating that analysts are neutral about the stock's future performance.
6. Future Prospects: The Canadian cannabis market is oversaturated, and the company faces challenges in navigating regulatory changes and intense competition.

In conclusion, Canopy Growth Corporation's poor financial performance, unfavorable valuation metrics, recent stock price decline, lack of analyst confidence, and challenging industry environment make it a risky investment. Investors should consider these factors and the company's future prospects before making investment decisions.