OTCMKTS:GTBIF

Green Thumb Industries (GTBIF) Stock Forecast, Price & News

$10.71

+0.28 (+2.69%)

(As of 09/22/2023 ET)

Compare

Today's Range: $10.26
▼
$10.85
50-Day Range: $6.58
▼
$11.90
52-Week Range: $6.42
▼
$16.50

Volume: 265,226 shs
Average Volume: 699,347 shs
Market Capitalization: $2.29 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $37.30

Green Thumb Industries MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.80 Rating Score
Upside/Downside: 248.3% Upside
$37.30 Price Target
Short Interest: Healthy
0.21% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.95
Based on 3 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 40.00%
From $0.20 to $0.28 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.63 out of 5 stars

3.4

Analyst's Opinion

Consensus Rating
Green Thumb Industries has received a consensus rating of Moderate Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $37.30, Green Thumb Industries has a forecasted upside of 248.3% from its current price of $10.71.
Amount of Analyst Coverage
Green Thumb Industries has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
0.21% of the outstanding shares of Green Thumb Industries have been sold short.
Short Interest Ratio / Days to Cover
Green Thumb Industries has a short interest ratio ("days to cover") of 0.6, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Green Thumb Industries has recently decreased by 5.15%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
Green Thumb Industries does not currently pay a dividend.
Dividend Growth
Green Thumb Industries does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for GTBIF.

3.9

News and Social Media Coverage

News Sentiment
Green Thumb Industries has a news sentiment score of 0.95. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.52 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Green Thumb Industries this week, compared to 2 articles on an average week.
Search Interest
30 people have searched for GTBIF on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days.
MarketBeat Follows
4 people have added Green Thumb Industries to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Green Thumb Industries insiders have not sold or bought any company stock.
Percentage Held by Insiders
11.90% of the stock of Green Thumb Industries is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 0.18% of the stock of Green Thumb Industries is held by institutions.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Green Thumb Industries are expected to grow by 40.00% in the coming year, from $0.20 to $0.28 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Green Thumb Industries is -118.98, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Green Thumb Industries is -118.98, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Green Thumb Industries has a P/B Ratio of 1.52. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Green Thumb Industries (OTCMKTS:GTBIF) Stock

Green Thumb Industries Inc. engages in the manufacture, distribution, and sale of various cannabis products for medical and adult-use in the United States. 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. It distributes its products primarily to third-party retail stores, as well as sells finished products directly to consumers in its own retail stores. Green Thumb Industries Inc. was founded in 2014 and is headquartered in Chicago, Illinois.

GTBIF Price History

30 days | 90 days | 365 days | Advanced Chart

GTBIF Stock News Headlines

September 19, 2023 | americanbankingnews.com

Green Thumb Industries Inc. (OTCMKTS:GTBIF) Sees Large Decline in Short Interest

September 18, 2023 | finance.yahoo.com

Cannabis Stocks & ETFs: Can the Recent Surge Continue?

September 24, 2023 | Behind the Markets (Ad)

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The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.

September 14, 2023 | msn.com

This Cannabis Company Is Buying Back $50 Million Worth of Its Shares: Here's Why That Matters

September 14, 2023 | benzinga.com

Braxton WM Reports Green Thumb Industries (GTBIF) Launches $50 Million Share Repurchase Program

September 7, 2023 | markets.businessinsider.com

Cannabis Industry Learns Lesson As Teamsters Union Flexes Its Muscles

September 5, 2023 | msn.com

Green Thumb Industries announces buyback

August 25, 2023 | benzinga.com

The Cannabis Cash King: GTI's Secrets To Financial Success

September 24, 2023 | Behind the Markets (Ad)

66,000% upside on tiny biotech?

August 11, 2023 | markets.businessinsider.com

Green Thumb Industries (GTBIF) Gets a Buy from Haywood

August 9, 2023 | markets.businessinsider.com

Green Thumb Q2 Revenue Declines 0.8% YoY, What About Income?

August 9, 2023 | markets.businessinsider.com

Green Thumb Industries (GTBIF) Gets a Hold from Piper Sandler

August 8, 2023 | msn.com

Green Thumb Industries Inc. (GTBIF) Q2 Earnings Lag Estimates

August 1, 2023 | finance.yahoo.com

Green Thumb to Open RISE Dispensary Las Vegas on Craig, its 84th Retail Location in the Nation, on August 2nd

July 20, 2023 | benzinga.com

Cannabis Workers Union Getting Loud About Employee Death, GTI Must Address Safety Concerns

July 20, 2023 | markets.businessinsider.com

Teamsters Union Negotiating Wage Increases And Other Benefits With This Huge Cannabis Company

July 18, 2023 | markets.businessinsider.com

Teamsters Getting Loud About Cannabis Employee Death, GTI Must Address Safety Concerns

July 18, 2023 | markets.businessinsider.com

Another Cannabis Company Employee Dies During Shift: What's Going On?

July 17, 2023 | benzinga.com

Another Cannabis Company Employee Dies During Shift, Work-Safety Negligence Or Coincidence?

July 12, 2023 | chathamstartribune.com

Green Thumb opens RISE Dispensary Danville

July 12, 2023 | benzinga.com

'Controlled Substances Act Was An Ill-Conceived, Targeted Policy,' RISE Dispensaries Launch 'Thanks, Dick' Campaign

July 12, 2023 | finance.yahoo.com

RISE Dispensaries Ironically “Celebrates” Richard Nixon with “Thanks, Dick” Campaign

June 30, 2023 | markets.businessinsider.com

'Time For Course Correction': Activists Urge NY Gov. Hochul To Open Up Rec Program

June 29, 2023 | finance.yahoo.com

RISE Dispensaries to Launch Adult-Use Cannabis Sales at Four Maryland Locations on July 1st

June 27, 2023 | finance.yahoo.com

Green Thumb to Open RISE Dispensary Danville on June 28th, Expanding its Footprint to Six Stores in Virginia

June 21, 2023 | finance.yahoo.com

Dive Into Summer with incredibles Strawberry Lemahhhnade Gummies

June 14, 2023 | finance.yahoo.com

Green Thumb to Open RISE Dispensary Las Vegas on Nellis, its 81st Retail Location in the Nation, on June 16th

See More Headlines

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GTBIF Company Calendar

Last Earnings: 8/08/2023
Today: 9/24/2023
Next Earnings (Estimated): 10/31/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Industry: Agricultural production - crops
Sub-Industry: N/A
Sector: Medical
Current Symbol: OTCMKTS:GTBIF
CUSIP: N/A
CIK: 1795139
Web: www.gtigrows.com
Phone: 312-471-6720
Fax: N/A
Employees: 3,800
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $37.30
High Stock Price Forecast: $71.50
Low Stock Price Forecast: $12.00
Forecasted Upside/Downside: +248.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.80
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.09)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 53.54
P/E Growth: N/A
Net Income: $11.98 million
Net Margins: -1.85%
Pretax Margin: 6.56%
Return on Equity: 2.60%
Return on Assets: 1.78%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 1.95
Quick Ratio: 1.24

Sales & Book Value

Annual Sales: $1.02 billion
Price / Sales: 2.25
Cash Flow: $0.74 per share
Price / Cash Flow: 14.38
Book Value: $7.05 per share
Price / Book: 1.52

Miscellaneous

Outstanding Shares: 213,590,000
Free Float: 188,175,000
Market Cap: $2.29 billion
Optionable: Not Optionable
Beta: 1.68

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Key Executives

Mr. Benjamin Kovler (Age 44)
Founder, Chairman & CEO
Comp: $890.66k

Mr. Anthony Georgiadis (Age 45)
Pres & Director
Comp: $820.24k

Mr. Mathew Faulkner (Age 49)
Chief Financial Officer

Mr. Swadheen Sehgal
Chief Information Officer

Ms. Rachel Albert
Chief Admin. Officer

Mr. Andrew Laurence Grossman (Age 49)
EVP of Capital Markets & Investor Relations

Mr. Bret Kravitz (Age 42)
Gen. Counsel & Sec.

Ms. Linda Marsicano (Age 55)
VP of Communications

Mr. Daniel Shaker (Age 52)
Sr. VP of National Sales

Ms. Kate Denton
Sr. VP of Marketing

Key Competitors

View All Competitors

GTBIF Stock - Frequently Asked Questions

Should I buy or sell Green Thumb Industries stock right now?: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Green Thumb Industries in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GTBIF shares.
View GTBIF analyst ratings or view top-rated stocks.
What is Green Thumb Industries' stock price forecast for 2023?: 5 brokers have issued 12-month price objectives for Green Thumb Industries' stock. Their GTBIF share price forecasts range from $12.00 to $71.50. On average, they predict the company's stock price to reach $37.30 in the next twelve months. This suggests a possible upside of 248.3% from the stock's current price.
View analysts price targets for GTBIF or view top-rated stocks among Wall Street analysts.
How have GTBIF shares performed in 2023?: Green Thumb Industries' stock was trading at $8.64 on January 1st, 2023. Since then, GTBIF shares have increased by 23.9% and is now trading at $10.7082.
View the best growth stocks for 2023 here.
Are investors shorting Green Thumb Industries?: Green Thumb Industries saw a drop in short interest during the month of August. As of August 31st, there was short interest totaling 449,300 shares, a drop of 5.2% from the August 15th total of 473,700 shares. Based on an average daily trading volume, of 759,100 shares, the short-interest ratio is presently 0.6 days.
View Green Thumb Industries' Short Interest.
When is Green Thumb Industries' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, October 31st 2023.
View our GTBIF earnings forecast.
How were Green Thumb Industries' earnings last quarter?: Green Thumb Industries Inc. (OTCMKTS:GTBIF) issued its earnings results on Tuesday, August, 8th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by $0.01. The firm had revenue of $252.39 million for the quarter, compared to the consensus estimate of $250.79 million. Green Thumb Industries had a negative net margin of 1.85% and a positive trailing twelve-month return on equity of 2.60%.

What is Green Thumb Industries' stock symbol?: Green Thumb Industries trades on the OTCMKTS under the ticker symbol "GTBIF."
How do I buy shares of Green Thumb Industries?: Shares of GTBIF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Green Thumb Industries' stock price today?: One share of GTBIF stock can currently be purchased for approximately $10.71.
How much money does Green Thumb Industries make?: Green Thumb Industries (OTCMKTS:GTBIF) has a market capitalization of $2.29 billion and generates $1.02 billion in revenue each year. The company earns $11.98 million in net income (profit) each year or ($0.09) on an earnings per share basis.
How many employees does Green Thumb Industries have?: The company employs 3,800 workers across the globe.
How can I contact Green Thumb Industries?: Green Thumb Industries' mailing address is 325 West Huron Street, Chicago, IL 60654. The official website for the company is www.gtigrows.com. The company can be reached via phone at 312-471-6720 or via email at 0.

This page (OTCMKTS:GTBIF) was last updated on 9/24/2023 by MarketBeat.com Staff

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