OTCMKTS:GTBIF

Green Thumb Industries - GTBIF Stock Forecast, Price & News

$12.70

-0.15 (-1.17%)

(As of 11/29/2022 12:00 AM ET)

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Today's Range: $12.50
▼
$12.97
50-Day Range: $9.27
▼
$14.25
52-Week Range: $7.72
▼
$24.97

Volume: 223,713 shs
Average Volume: 431,990 shs
Market Capitalization: $3.00 billion

P/E Ratio: 35.28
Dividend Yield: N/A
Price Target: $32.33

Green Thumb Industries MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 154.6% Upside
$32.33 Price Target
Short Interest: Healthy
0.08% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: -0.60
Based on 5 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 21.88%
From $0.32 to $0.39 Per Share

Overall MarketRank^™

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

2.37 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Green Thumb Industries has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 7 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $32.33, Green Thumb Industries has a forecasted upside of 154.6% from its current price of $12.70.
Amount of Analyst Coverage
Green Thumb Industries has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.08% 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 0.3, 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 increased by 10.64%, indicating that investor sentiment is decreasing 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.

0.8

News and Social Media Coverage

News Sentiment
Green Thumb Industries has a news sentiment score of -0.60. 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 lower news sentiment than the 0.68 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 5 news articles for Green Thumb Industries this week, compared to 1 article on an average week.
Search Interest
Only 38 people have searched for GTBIF on MarketBeat in the last 30 days. This is a decrease of -68% compared to the previous 30 days.
MarketBeat Follows
Only 13 people have added Green Thumb Industries to their MarketBeat watchlist in the last 30 days. This is a decrease of -19% 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
11.18% 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 0.21% of the stock of Green Thumb Industries is held by institutions.

3.1

Earnings and Valuation

Earnings Growth
Earnings for Green Thumb Industries are expected to grow by 21.88% in the coming year, from $0.32 to $0.39 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Green Thumb Industries is 35.28, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.34.
Price to Earnings Ratio vs. Sector
The P/E ratio of Green Thumb Industries is 35.28, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 117.96.
Price to Book Value per Share Ratio
Green Thumb Industries has a P/B Ratio of 1.79. 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 manufacture, distribution, and sale of various cannabis products for medical and adult-use in the United States. It offers cannabis flower; and processed and packaged products, including pre-rolls, concentrates, vapes, tinctures, edibles, topicals, and other cannabis-related products under the Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RHYTHM brands. The company distributes its products primarily to third-party retail stores, as well as sells finished products directly to consumers in its own retail stores. As of April 11, 2022, it owned and operated 77 retail stores in the United States. The company was founded in 2014 and is headquartered in Chicago, Illinois.

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GTBIF Stock News Headlines

November 29, 2022 | markets.businessinsider.com

CURLF, GTBIF, or IIPR: Which “Strong Buy” Cannabis Stock has Higher Upside Potential?

November 26, 2022 | americanbankingnews.com

Head-To-Head Comparison: Green Thumb Industries (OTCMKTS:GTBIF) and Kalera Public (NASDAQ:KAL)

November 23, 2022 | americanbankingnews.com

Equities Analysts Issue Forecasts for Green Thumb Industries Inc.'s FY2022 Earnings (OTCMKTS:GTBIF)

November 21, 2022 | seekingalpha.com

Green Thumb Industries: Profitable Growth At A Fair Price

November 9, 2022 | msn.com

Why Investors Were So High on Green Thumb Industries Stock Today

November 4, 2022 | finance.yahoo.com

Amid steep inflation, one thing is getting cheaper: cannabis

November 4, 2022 | msn.com

Green Thumb Industries' Positive Q3 Report Compels Analyst To Place It Among 'Best-Managed MSOs'

November 3, 2022 | markets.businessinsider.com

Echelon Wealth Partners Keeps Their Buy Rating on Green Thumb Industries (GTBIF)

November 3, 2022 | seekingalpha.com

Green Thumb Industries Inc. (GTBIF) Q3 2022 Earnings Call Transcript

November 1, 2022 | seekingalpha.com

GTBIF Green Thumb Industries Inc.

October 29, 2022 | finance.yahoo.com

Why Green Thumb Industries Inc. (GTBIF) is Poised to Beat Earnings Estimates Again

October 28, 2022 | msn.com

Circle K Weed Sales In Question, Alabama's MMJ, Is WA Rep. Melanie Morgan Obstructing BIPOC Businesses?

October 19, 2022 | finance.yahoo.com

Circle K partners with Green Thumb to bring cannabis to Florida gas stations

October 19, 2022 | msn.com

Why Green Thumb Industries Was Soaring Today

October 12, 2022 | msn.com

Why Green Thumb Industries' Shares Were Down 16.8% on Tuesday

October 7, 2022 | ca.finance.yahoo.com

Green Thumb Industries Inc. (GTBIF) Soars 30.3%: Is Further Upside Left in the Stock?

October 7, 2022 | msn.com

Why Curaleaf, Green Thumb, and Cresco Shares Popped Today, Then Dropped

October 6, 2022 | seekingalpha.com

President Biden To Pardon Cannabis Convictions: Green Thumb A Top Pick

October 5, 2022 | benzinga.com

Federal Prohibition Of Marijuana Makes Trading Cannabis Stocks Challenging

September 28, 2022 | msn.com

Green Thumb Industries: Lawsuit Accuses Company Of Age And Sex Discrimination

September 28, 2022 | finance.yahoo.com

Green Thumb Industries to Hold Third Quarter 2022 Earnings Conference Call on November 2, 2022

September 22, 2022 | msn.com

Medical Cannabis Producer Sues Minnesota Over New Edibles Law

September 17, 2022 | americanbankingnews.com

Green Thumb Industries Inc. (OTCMKTS:GTBIF) Short Interest Update

September 12, 2022 | seekingalpha.com

A $10 Million Loss? Never Sell (Buyandhold 2012) Vs. Selectively Sell

August 11, 2022 | msn.com

Looking Into Green Thumb Industries Return On Capital Employed

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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GTBIF Company Calendar

Last Earnings: 3/16/2021
Today: 11/29/2022
Fiscal Year End: 12/31/2022

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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: 3,700
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $32.33
High Stock Price Forecast: $55.00
Low Stock Price Forecast: $20.00
Forecasted Upside/Downside: +154.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.36
Trailing P/E Ratio: 35.28
Forward P/E Ratio: 39.69
P/E Growth: N/A
Net Income: $75.44 million
Net Margins: 8.59%
Pretax Margin: 21.71%
Return on Equity: 5.16%
Return on Assets: 3.56%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 2.46
Quick Ratio: 1.52

Sales & Book Value

Annual Sales: $893.56 million
Price / Sales: 3.36
Cash Flow: $0.60 per share
Price / Cash Flow: 21.02
Book Value: $7.10 per share
Price / Book: 1.79

Miscellaneous

Outstanding Shares: 236,360,000
Free Float: 209,935,000
Market Cap: $3.00 billion
Optionable: Not Optionable
Beta: N/A

Key Executives

Mr. Benjamin Kovler (Age 43)
Founder, Chairman & CEO
Comp: $1.21M

Mr. Anthony Georgiadis (Age 44)
CFO & Director
Comp: $1.04M

Mr. Mathew Faulkner (Age 49)
Chief Accounting Officer

Mr. Swadheen Sehgal
Chief Information Officer

Mr. Andrew Laurence Grossman (Age 48)
EVP of Capital Markets & Investor Relations

Ms. Linda Marsicano (Age 54)
VP of Communications

Mr. Daniel Shaker (Age 51)
Sr. VP of National Sales

Ms. Kate Denton
Sr. VP of Marketing

Mr. Bret Kravitz (Age 42)
Chief Corp. Counsel

Ms. Dina Rollman (Age 49)
Sr. VP of Gov. & Regulatory Affairs

Key Competitors

View All Competitors

GTBIF Stock - Frequently Asked Questions

Should I buy or sell Green Thumb Industries stock right now?: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Green Thumb Industries in the last twelve months. There are currently 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" GTBIF shares.
View GTBIF analyst ratings or view top-rated stocks.
What is Green Thumb Industries' stock price forecast for 2023?: 7 Wall Street research analysts have issued 12-month price objectives for Green Thumb Industries' stock. Their GTBIF share price forecasts range from $20.00 to $55.00. On average, they predict the company's share price to reach $32.33 in the next twelve months. This suggests a possible upside of 151.6% 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 2022?: Green Thumb Industries' stock was trading at $22.16 at the beginning of 2022. Since then, GTBIF stock has decreased by 42.0% and is now trading at $12.85.
View the best growth stocks for 2022 here.
Are investors shorting Green Thumb Industries?: Green Thumb Industries saw a increase in short interest in November. As of November 15th, there was short interest totaling 192,400 shares, an increase of 10.6% from the October 31st total of 173,900 shares. Based on an average daily volume of 757,700 shares, the short-interest ratio is currently 0.3 days.
View Green Thumb Industries' Short Interest.

How were Green Thumb Industries' earnings last quarter?: Green Thumb Industries Inc. (OTCMKTS:GTBIF) released its quarterly earnings results on Tuesday, March, 16th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.05. Green Thumb Industries had a trailing twelve-month return on equity of 5.16% and a net margin of 8.59%.
Read the conference call transcript.
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 $12.85.
How much money does Green Thumb Industries make?: Green Thumb Industries (OTCMKTS:GTBIF) has a market capitalization of $3.04 billion and generates $893.56 million in revenue each year. The company earns $75.44 million in net income (profit) each year or $0.36 on an earnings per share basis.
How many employees does Green Thumb Industries have?: The company employs 3,700 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 11/29/2022 by MarketBeat.com Staff

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