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

Key Points

• Green Thumb Industries shares gapped down from $7.41 to $7.01 before trading at $7.32, indicating a 2.6% decline in value.
• Wall Street analysts have mixed ratings for the stock, with an average rating of "Buy" and upgrades from firms like Zacks Research and Benchmark.
• The company reported a loss of $0.01 EPS for the last quarter, missing the estimate of $0.04, although it achieved revenue of $293.26 million, exceeding expectations.

Green Thumb Industries Inc. (OTCMKTS:GTBIF - Get Free Report)'s share price gapped down before the market opened on Monday . The stock had previously closed at $7.41, but opened at $7.01. Green Thumb Industries shares last traded at $7.32, with a volume of 24,750 shares.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on GTBIF. Zacks Research upgraded Green Thumb Industries from a "strong sell" rating to a "hold" rating in a report on Friday, September 5th. Benchmark restated a "buy" rating on shares of Green Thumb Industries in a report on Monday, August 11th. Two investment analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Buy".

Green Thumb Industries Trading Down 2.6%

The firm has a 50-day moving average of $7.27 and a 200-day moving average of $6.20. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 65.60 and a beta of 1.22.

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

Green Thumb Industries Company Profile

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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