Green Thumb Industries (OTCMKTS:GTBIF) Trading Up 4.3% - What's Next?

Key Points

• Green Thumb Industries saw its share price increase by 4.3%, closing at $8.16, while trading volume dropped significantly to 97,066 shares.
• Analyst ratings have varied for the company, with Zacks Research downgrading it to a "strong sell," while Canaccord Genuity upgraded it to a "strong buy."
• Despite a revenue of $293.26 million in the last quarter, Green Thumb missed earnings per share expectations, reporting a loss of ($0.01) against a forecast of $0.04.

Green Thumb Industries Inc. (OTCMKTS:GTBIF - Get Free Report)'s share price was up 4.3% on Monday . The company traded as high as $8.17 and last traded at $8.16. Approximately 97,066 shares changed hands during trading, a decline of 80% from the average daily volume of 490,896 shares. The stock had previously closed at $7.82.

Analyst Ratings Changes

Several analysts have recently commented on the company. Zacks Research downgraded Green Thumb Industries from a "hold" rating to a "strong sell" rating in a research note on Friday, October 10th. Canaccord Genuity Group upgraded Green Thumb Industries to a "strong-buy" rating in a research note on Thursday, October 9th. Finally, Benchmark restated a "buy" rating on shares of Green Thumb Industries in a research note on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Buy".

Green Thumb Industries Stock Performance

The business has a 50 day moving average price of $8.22 and a two-hundred day moving average price of $6.55. The stock has a market cap of $1.69 billion, a PE ratio of 74.19 and a beta of 1.20.

Green Thumb Industries (OTCMKTS:GTBIF - Get Free Report) last announced its earnings results 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 return on equity of 1.62% and a net margin of 2.51%.The business had revenue of $293.26 million during the quarter, compared to analysts' expectations of $280.66 million. As a group, research analysts anticipate that Green Thumb Industries Inc. will post 0.32 earnings per share for the current 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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