Green Thumb Industries (OTCMKTS:GTBIF) Trading 5.7% Higher – What’s Next?

Green Thumb Industries Inc. (OTCMKTS:GTBIF)’s share price traded up 5.7% on Monday . The stock traded as high as $6.27 and last traded at $6.27. 206,316 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 476,359 shares. The stock had previously closed at $5.93.

Wall Street Analyst Weigh In

GTBIF has been the subject of a number of research analyst reports. Canaccord Genuity Group upgraded Green Thumb Industries to a “strong-buy” rating in a report on Thursday, October 9th. Benchmark reiterated a “buy” rating on shares of Green Thumb Industries in a report on Monday, August 11th. Finally, Zacks Research raised Green Thumb Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Buy”.

Green Thumb Industries Stock Performance

The stock has a fifty day simple moving average of $7.28 and a 200-day simple moving average of $6.77. The stock has a market cap of $1.39 billion, a P/E ratio of 39.41 and a beta of 1.18.

Green Thumb Industries (OTCMKTS:GTBIF) last issued its earnings results on Wednesday, November 5th. The company reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. Green Thumb Industries had a return on equity of 1.66% and a net margin of 3.77%.The company had revenue of $291.37 million during the quarter, compared to the consensus estimate of $290.98 million. On average, research analysts anticipate that Green Thumb Industries Inc. will post 0.32 earnings per share for the current 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.