Green Thumb Industries (OTCMKTS:GTBIF) Trading 23.7% Higher - Time to Buy?

Key Points

• Green Thumb Industries' stock price surged by 23.7% on Monday, reaching as high as $9.10, compared to a previous close of $7.27.
• The firm has a market capitalization of $1.78 billion and reported revenue of $293.26 million for the last quarter, exceeding analyst expectations.
• Analysts have a consensus rating of "Buy" for Green Thumb Industries, with ratings including one Strong Buy and one Hold.

Green Thumb Industries Inc. (OTCMKTS:GTBIF - Get Free Report)'s stock price traded up 23.7% on Monday . The stock traded as high as $9.10 and last traded at $8.99. 437,845 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 487,347 shares. The stock had previously closed at $7.27.

Analyst Upgrades and Downgrades

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

Green Thumb Industries Trading Up 18.0%

The firm has a market capitalization of $1.78 billion, a P/E ratio of 78.01 and a beta of 1.22. The firm has a 50-day moving average of $7.61 and a two-hundred day moving average of $6.26.

Green Thumb Industries (OTCMKTS:GTBIF - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analyst estimates of $280.66 million. On average, sell-side analysts anticipate that Green Thumb Industries Inc. will post 0.32 EPS for the current fiscal 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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