Green Thumb Industries (OTCMKTS:GTBIF) Shares Up 4.1% - Still a Buy?

Key Points

• Green Thumb Industries' stock price increased by 4.1%, reaching $7.36, but trading volume was down significantly by 91% compared to the average.
• Analysts have given GTBIF an average rating of “Buy”, with upgrades from firms including Zacks Research and Benchmark.
• The company reported a revenue of $293.26 million for the last quarter, exceeding estimates, but missed earnings expectations with a loss of ($0.01) earnings per share.

Green Thumb Industries Inc. (OTCMKTS:GTBIF - Get Free Report)'s stock price shot up 4.1% on Tuesday . The stock traded as high as $7.36 and last traded at $7.36. 44,603 shares were traded during trading, a decline of 91% from the average session volume of 496,206 shares. The stock had previously closed at $7.07.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on GTBIF. Zacks Research upgraded shares of Green Thumb Industries from a "strong sell" rating to a "hold" rating in a report on Friday, September 5th. Benchmark reiterated a "buy" rating on shares of Green Thumb Industries in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy".

Green Thumb Industries Trading Up 6.6%

The business's 50-day moving average is $7.30 and its two-hundred day moving average is $6.20. The firm has a market cap of $1.60 billion, a P/E ratio of 68.55 and a beta of 1.22.

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 for the quarter, missing analysts' consensus estimates 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 business had revenue of $293.26 million for the quarter, compared to the consensus estimate of $280.66 million. On average, analysts anticipate that Green Thumb Industries Inc. will post 0.32 earnings per share 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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