Cannabis Stocks To Follow Now - May 3rd

Gibraltar Industries, Innovative Industrial Properties, Turning Point Brands, Indivior, and Tilray 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 research of cannabis and hemp products. They offer investors exposure to the rapidly evolving medical and recreational marijuana market but often carry elevated volatility and regulatory uncertainty. These stocks can range from growers and biotechs developing cannabinoid-based therapies to ancillary businesses providing equipment, real-estate or financial services to the industry. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

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 stock traded up $2.49 during midday trading on Friday, reaching $58.02. 344,529 shares of the company were exchanged, compared to its average volume of 215,826. The stock's 50-day simple moving average is $58.62 and its 200 day simple moving average is $62.67. Gibraltar Industries has a 1-year low of $48.96 and a 1-year high of $81.90. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 12.98 and a beta of 1.22.

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Innovative Industrial Properties (IIPR)

NYSE:IIPR traded up $0.72 during midday trading on Friday, hitting $55.71. 260,909 shares of the company were exchanged, compared to its average volume of 270,575. The company has a current ratio of 14.32, a quick ratio of 11.53 and a debt-to-equity ratio of 0.16. Innovative Industrial Properties has a fifty-two week low of $45.44 and a fifty-two week high of $138.35. The company has a market capitalization of $1.58 billion, a PE ratio of 10.07 and a beta of 1.59. The company has a fifty day simple moving average of $59.70 and a 200 day simple moving average of $80.86.

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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.

Shares of TPB traded up $1.43 during midday trading on Friday, reaching $63.53. 190,040 shares of the stock were exchanged, compared to its average volume of 160,322. Turning Point Brands has a twelve month low of $30.61 and a twelve month high of $72.54. The company has a debt-to-equity ratio of 1.33, a current ratio of 4.21 and a quick ratio of 1.78. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 25.21 and a beta of 0.69. The business's 50-day moving average price is $59.67 and its 200 day moving average price is $58.96.

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Indivior (INDV)

Indivior PLC, together with its subsidiaries, engages in the development, manufacture, and sale of buprenorphine-based prescription drugs for the treatment of opioid dependence and co-occurring disorders in the United States, the United Kingdom, and internationally. The company develops medicines to treat substance use disorders, serious mental illnesses, and opioid overdose.

Shares of INDV stock traded up $0.43 during trading hours on Friday, hitting $11.98. The stock had a trading volume of 914,871 shares, compared to its average volume of 982,313. The stock's 50 day moving average is $9.75 and its 200 day moving average is $10.44. The firm has a market capitalization of $1.65 billion, a PE ratio of -34.23 and a beta of 0.93. Indivior has a twelve month low of $7.33 and a twelve month high of $18.59.

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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 NASDAQ TLRY traded down $0.03 during midday trading on Friday, reaching $0.46. 22,297,883 shares of the company were exchanged, compared to its average volume of 28,647,182. Tilray has a 1 year low of $0.43 and a 1 year high of $2.31. The company has a current ratio of 2.54, a quick ratio of 1.58 and a debt-to-equity ratio of 0.10. The stock has a fifty day simple moving average of $0.59 and a 200 day simple moving average of $1.05. The stock has a market cap of $458.06 million, a P/E ratio of -1.52 and a beta of 1.88.

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