Green Thumb Industries (OTCMKTS:GTBIF) Shares Gap Up – Here’s Why

by · The Cerbat Gem

Green Thumb Industries Inc. (OTCMKTS:GTBIF – Get Free Report)’s stock price gapped up before the market opened on Friday . The stock had previously closed at $7.99, but opened at $8.58. Green Thumb Industries shares last traded at $8.45, with a volume of 231,193 shares changing hands.

Analyst Ratings Changes

GTBIF has been the subject of several recent analyst reports. Canaccord Genuity Group raised shares of Green Thumb Industries to a “strong-buy” rating in a report on Thursday, October 9th. Zacks Research upgraded shares of Green Thumb Industries from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy”.

Get Our Latest Research Report on GTBIF

Green Thumb Industries Trading Up 11.6%

The business has a 50-day moving average price of $7.04 and a 200 day moving average price of $6.93. The stock has a market capitalization of $1.85 billion, a P/E ratio of 52.47 and a beta of 1.20.

Green Thumb Industries (OTCMKTS:GTBIF – Get Free Report) last released its quarterly earnings results on Wednesday, November 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.01. Green Thumb Industries had a net margin of 3.77% and a return on equity of 1.66%. The company had revenue of $291.37 million for the quarter, compared to the consensus estimate of $290.98 million. On average, sell-side analysts predict that Green Thumb Industries Inc. will post 0.32 earnings per share for the current fiscal year.

About Green Thumb Industries

(Get Free Report)

Green Thumb Industries Inc manufactures, distributes, markets, and sells of cannabis products for medical and adult-use in the United States. It operates through two segments, Retail and Consumer Packaged Goods. The company offers cannabis flower; processed and packaged products, including pre-rolls, concentrates, vapes, capsules, tinctures, edibles, topicals, and other cannabis-related products under the &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RHYTHM brands.

See Also