Green Thumb Industries (OTCMKTS:GTBIF) Shares Down 5.1% - Time to Sell?

Key Points

• Green Thumb Industries (OTCMKTS:GTBIF) shares dropped 5.1% to $7.80, with trading volume down by 78% from the average, indicating reduced market interest.
• Analysts have mixed ratings on the stock, with Zacks raising its rating from "strong sell" to "hold," while Benchmark maintains a "buy" rating, reflecting a consensus rating of "Buy" overall.
• Despite missing earnings expectations with a reported EPS of ($0.01), the company achieved revenue of $293.26 million, surpassing estimates and demonstrating profitability potential.

Green Thumb Industries Inc. (OTCMKTS:GTBIF - Get Free Report) fell 5.1% during trading on Monday . The stock traded as low as $7.62 and last traded at $7.80. 109,738 shares traded hands during trading, a decline of 78% from the average session volume of 491,696 shares. The stock had previously closed at $8.22.

Analyst Upgrades and Downgrades

Several brokerages have commented on GTBIF. Zacks Research raised Green Thumb Industries from a "strong sell" rating to a "hold" rating in a research note on Friday, September 5th. Benchmark reissued a "buy" rating on shares of Green Thumb Industries in a research report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy".

Green Thumb Industries Trading Down 7.4%

The firm has a fifty day moving average of $7.44 and a two-hundred day moving average of $6.23. The company has a market cap of $1.61 billion, a PE ratio of 69.19 and a beta of 1.23.

Green Thumb Industries (OTCMKTS:GTBIF - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.04 by ($0.05). The company had revenue of $293.26 million during the quarter, compared to the consensus estimate of $280.66 million. Green Thumb Industries had a return on equity of 1.62% and a net margin of 2.51%. Sell-side analysts expect that Green Thumb Industries Inc. will post 0.32 EPS for the current fiscal year.

About Green Thumb Industries

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.

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