Green Thumb Industries (OTCMKTS:GTBIF) Reaches New 12-Month Low – What’s Next?

Green Thumb Industries Inc. (OTCMKTS:GTBIF)’s stock price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $6.57 and last traded at $6.69, with a volume of 661999 shares. The stock had previously closed at $7.03.

Analysts Set New Price Targets

Separately, Roth Capital upgraded shares of Green Thumb Industries to a “strong-buy” rating in a research report on Sunday, November 10th. Two equities research analysts have rated the stock with a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Strong Buy” and an average target price of $16.50.

Green Thumb Industries Stock Down 4.8 %

The company has a market cap of $1.42 billion, a PE ratio of 27.88 and a beta of 1.31. The business’s 50 day moving average price is $7.33 and its 200-day moving average price is $8.91.

Green Thumb Industries (OTCMKTS:GTBIF) last announced its quarterly earnings data on Wednesday, February 26th. The company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.02). Green Thumb Industries had a net margin of 5.38% and a return on equity of 3.39%. The firm had revenue of $294.32 million during the quarter, compared to the consensus estimate of $289.66 million. Equities analysts expect 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.