Green Thumb Industries (OTCMKTS:GTBIF) Stock Price Up 5.5% - Should You Buy?

Key Points

• Green Thumb Industries Inc. shares rose by 5.5% to $8.56, despite a significant decline in trading volume, which was 82% lower than average.
• Analysts have given the company a consensus rating of "Buy", with Benchmark reaffirming a buy rating and Zacks upgrading from a "strong sell" to a "hold".
• The company reported a loss of $0.01 earnings per share for the last quarter, missing estimates, while revenue reached $293.26 million, exceeding expectations.

Green Thumb Industries Inc. (OTCMKTS:GTBIF - Get Free Report)'s share price was up 5.5% during mid-day trading on Tuesday . The company traded as high as $8.58 and last traded at $8.56. Approximately 91,140 shares changed hands during trading, a decline of 82% from the average daily volume of 501,819 shares. The stock had previously closed at $8.11.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on GTBIF shares. Zacks Research upgraded Green Thumb Industries from a "strong sell" rating to a "hold" rating in a research note on Friday, September 5th. Benchmark reiterated a "buy" rating on shares of Green Thumb Industries in a research note on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Green Thumb Industries has an average rating of "Buy".

Green Thumb Industries Stock Performance

The business has a fifty day moving average of $7.27 and a two-hundred day moving average of $6.21. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 67.37 and a beta of 1.23.

Green Thumb Industries (OTCMKTS:GTBIF - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The company reported ($0.01) EPS 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 firm had revenue of $293.26 million during the quarter, compared to analyst estimates of $280.66 million. As a group, sell-side 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.