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

Key Points

• Green Thumb Industries (OTCMKTS: GTBIF) experienced a share price gap down, opening at $8.17 after closing at $8.55.
• Recent analyst reviews show a mix of opinions on the stock, with Canaccord Genuity upgrading it to a "strong-buy" while Zacks downgraded it to a "strong sell," leading to an overall average rating of "Buy."
• The company reported $293.26 million in revenue for the last quarter, exceeding expectations, but missed earnings per share estimates with a reported EPS of ($0.01).

Green Thumb Industries Inc. (OTCMKTS:GTBIF - Get Free Report)'s share price gapped down prior to trading on Thursday . The stock had previously closed at $8.55, but opened at $8.17. Green Thumb Industries shares last traded at $8.41, with a volume of 19,599 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Canaccord Genuity Group upgraded Green Thumb Industries to a "strong-buy" rating in a research note on Thursday, October 9th. Zacks Research downgraded Green Thumb Industries from a "hold" rating to a "strong sell" rating in a research report on Friday, October 10th. Finally, Benchmark reiterated a "buy" rating on shares of Green Thumb Industries in a research report on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Buy".

Green Thumb Industries Price Performance

The company has a 50-day moving average of $8.19 and a two-hundred day moving average of $6.49. The stock has a market capitalization of $1.75 billion, a PE ratio of 76.55 and a beta of 1.20.

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 for the quarter, missing the consensus estimate of $0.04 by ($0.05). Green Thumb Industries had a return on equity of 1.62% and a net margin of 2.51%.The business had revenue of $293.26 million for the quarter, compared to analysts' expectations of $280.66 million. On average, research analysts forecast 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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