WEED vs. MJN, CMED, EMC, OGI, ICC, LEAF, MGW, BE, BLO, and SL
Should you be buying Canopy Growth stock or one of its competitors? The main competitors of Canopy Growth include Cronos Group (MJN), CanniMed Therapeutics (CMED), Emblem (EMC), Organigram (OGI), ICC Labs (ICC), Leaf Mobile (LEAF), Maple Leaf Green World (MGW), Beleave (BE), Cannabix Technologies (BLO), and Supreme Cannabis Company Inc, (SL). These companies are all part of the "cannabis" industry.
Canopy Growth (TSE:WEED) and Cronos Group (CVE:MJN) are both small-cap medical companies, but which is the better business? We will compare the two companies based on the strength of their community ranking, analyst recommendations, institutional ownership, valuation, earnings, risk, media sentiment, dividends and profitability.
Canopy Growth presently has a consensus target price of C$5.40, suggesting a potential downside of 43.93%. Given Canopy Growth's higher probable upside, analysts plainly believe Canopy Growth is more favorable than Cronos Group.
Cronos Group's return on equity of 0.00% beat Canopy Growth's return on equity.
Cronos Group has lower revenue, but higher earnings than Canopy Growth.
In the previous week, Canopy Growth had 3 more articles in the media than Cronos Group. MarketBeat recorded 3 mentions for Canopy Growth and 0 mentions for Cronos Group. Canopy Growth's average media sentiment score of 0.99 beat Cronos Group's score of 0.00 indicating that Canopy Growth is being referred to more favorably in the media.
Canopy Growth received 506 more outperform votes than Cronos Group when rated by MarketBeat users. However, 68.02% of users gave Cronos Group an outperform vote while only 62.32% of users gave Canopy Growth an outperform vote.
14.0% of Canopy Growth shares are owned by institutional investors. 0.3% of Canopy Growth shares are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.
Summary
Canopy Growth beats Cronos Group on 7 of the 10 factors compared between the two stocks.
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This chart shows the number of new MarketBeat users adding WEED and its top 5 competitors to their watchlist. Each company is represented with a line over a 90 day period.
This chart shows the average media sentiment of TSE 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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