Green Thumb Industries (OTCMKTS:GTBIF) Shares Gap Up - Time to Buy?

Key Points

• Green Thumb Industries shares opened at $7.75, a significant increase from the previous close of $7.13, and last traded at $8.01 with a volume of 311,221 shares.
• Benchmark has reaffirmed a "buy" rating on Green Thumb Industries, indicating positive analyst sentiment towards the stock.
• The company's recent earnings report showed a revenue of $293.26 million for the quarter, exceeding the consensus estimate, despite a slight miss on EPS.

Green Thumb Industries Inc. (OTCMKTS:GTBIF - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $7.13, but opened at $7.75. Green Thumb Industries shares last traded at $8.01, with a volume of 311,221 shares changing hands.

Analyst Ratings Changes

Separately, Benchmark reaffirmed a "buy" rating on shares of Green Thumb Industries in a report on Monday.

Green Thumb Industries Stock Up 17.7%

The company has a market cap of $1.78 billion, a P/E ratio of 76.31 and a beta of 1.18. The firm has a 50 day moving average of $5.70 and a 200-day moving average of $5.98.

Green Thumb Industries (OTCMKTS:GTBIF - Get Free Report) last announced its quarterly earnings data 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 return on equity of 1.62% and a net margin of 2.51%. The firm had revenue of $293.26 million during the quarter, compared to the consensus estimate of $280.66 million. On average, research analysts predict 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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