|Bid||176.49 x 1800|
|Ask||176.98 x 800|
|Day's range||176.76 - 176.76|
|52-week range||107.51 - 211.39|
|Beta (5Y monthly)||0.90|
|PE ratio (TTM)||609.52|
|Forward dividend & yield||2.72 (1.55%)|
|Ex-dividend date||10 Aug 2020|
|1y target est||N/A|
The largest pot stock in the world's first-quarter operating results aren't that impressive if you do a little digging.
Promises of expanded capacity, international exports, and acquisitions often proved more than enough to send cannabis stock valuations into the stratosphere. Over the past 16 months, the pot industry has hit one heck of a speed bump, and the vast majority of cannabis stocks have lost a significant amount of their value. What's more, we've seen three of the hottest trends within the marijuana industry completely fizzle out, at least for now.
Constellation Brands (NYSE: STZ), a maker of premium beer, wine, and spirits, hit a rough patch, with its fiscal first-quarter 2021 (the period ended May 31, 2020) sales falling 4% compared to a year ago, after excluding sold businesses, to under $2 billion. Across the industry, beer sales have been dented by hard seltzer drinks. Fortunately, Constellation's management has shown it can change with the times, introducing Corona Hard Seltzer in March.