Tilray, Gibraltar Industries, Canopy Growth, Turning Point Brands, and Agrify are the five Cannabis stocks to watch today, according to MarketBeat's stock screener tool. Cannabis stocks are shares of publicly traded companies involved in the cultivation, processing, distribution or ancillary services of the cannabis and hemp industries. They give investors exposure to the rapidly evolving legal marijuana market, which can offer high growth potential but also carries significant regulatory, market-volatility and compliance risks. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.
Tilray (TLRY)
Tilray, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc. is headquartered in Canada.
Shares of TLRY traded down $0.02 during mid-day trading on Monday, hitting $0.44. The stock had a trading volume of 11,594,522 shares, compared to its average volume of 28,569,341. Tilray has a fifty-two week low of $0.43 and a fifty-two week high of $2.31. The company has a quick ratio of 1.58, a current ratio of 2.54 and a debt-to-equity ratio of 0.10. The company has a market cap of $442.86 million, a PE ratio of -1.47 and a beta of 1.95. The company's fifty day simple moving average is $0.59 and its two-hundred day simple moving average is $1.04.
Read Our Latest Research Report on TLRY
Gibraltar Industries (ROCK)
Gibraltar Industries, Inc. manufactures and provides products and services for the renewable energy, residential, agtech, and infrastructure markets in the United States and internationally. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems for commercial and distributed generation scale solar installations.
ROCK remained flat at $58.02 during trading hours on Monday. The company had a trading volume of 63,815 shares, compared to its average volume of 215,474. The firm has a market capitalization of $1.71 billion, a PE ratio of 12.98 and a beta of 1.30. The stock has a 50 day simple moving average of $58.62 and a 200-day simple moving average of $62.61. Gibraltar Industries has a 52-week low of $48.96 and a 52-week high of $81.90.
Read Our Latest Research Report on ROCK
Canopy Growth (CGC)
Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in the United States, Canada, Germany, and internationally. It operates through Canada Cannabis, International Markets Cannabis, and Storz & Bickel segments.
Shares of NASDAQ:CGC traded down $0.05 on Monday, reaching $1.29. 2,269,338 shares of the company's stock were exchanged, compared to its average volume of 6,110,891. Canopy Growth has a fifty-two week low of $0.77 and a fifty-two week high of $11.95. The business's 50-day moving average is $1.14 and its two-hundred day moving average is $2.44. The company has a quick ratio of 2.58, a current ratio of 3.52 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $236.27 million, a price-to-earnings ratio of -0.34 and a beta of 0.79.
Read Our Latest Research Report on CGC
Turning Point Brands (TPB)
Turning Point Brands, Inc., together with its subsidiaries, manufactures, markets, and distributes branded consumer products. The company operates through three segments: Zig-Zag Products, Stoker's Products, and Creative Distribution Solutions. Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products, as well as lighters and other accessories under the Zig-Zag brand.
TPB traded up $1.15 on Monday, hitting $64.83. 43,235 shares of the company's stock were exchanged, compared to its average volume of 159,801. The company has a current ratio of 4.21, a quick ratio of 1.78 and a debt-to-equity ratio of 1.33. The stock has a fifty day moving average of $59.67 and a two-hundred day moving average of $59.18. Turning Point Brands has a twelve month low of $30.61 and a twelve month high of $72.54. The firm has a market cap of $1.15 billion, a PE ratio of 25.72 and a beta of 0.69.
Read Our Latest Research Report on TPB
Agrify (AGFY)
Agrify Corporation offers hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. It offers vertical farming units and Agrify Insights Software-as-a-Service software; integrated grow racks and LED grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products.
Shares of Agrify stock traded up $1.43 on Monday, reaching $24.01. 115,531 shares of the company were exchanged, compared to its average volume of 246,108. The firm has a market cap of $46.88 million, a price-to-earnings ratio of -1.74 and a beta of 10.16. Agrify has a 1-year low of $2.71 and a 1-year high of $84.44. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.10 and a current ratio of 0.75. The company's 50-day moving average is $17.73 and its two-hundred day moving average is $22.09.
Read Our Latest Research Report on AGFY
Featured Articles
Before you consider Tilray, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tilray wasn't on the list.
While Tilray currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.
Get This Free Report
