Cannabis Stocks To Keep An Eye On – March 15th

Tilray, Gibraltar Industries, Innovative Industrial Properties, Turning Point Brands, Indivior, Canopy Growth, and AFC Gamma are the seven Cannabis stocks to watch today, according to MarketBeat’s stock screener tool. Cannabis stocks are shares issued by companies that operate within the legal cannabis industry, which includes cultivation, production, distribution, and the development of cannabis-derived products. These stocks tend to be highly volatile and are subject to regulatory and market influences as the industry continues to evolve and expand. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

Tilray (TLRY)

Tilray, Inc. engages in the research, cultivation, processing, and distribution of medical cannabis. The company offers its products in Argentina, Australia, Canada, Chile, Croatia, Cyprus, the Czech Republic, Germany, New Zealand, and South Africa. Tilray, Inc. is headquartered in Canada.

Tilray stock traded up $0.02 during midday trading on Friday, hitting $0.61. 36,983,644 shares of the company’s stock were exchanged, compared to its average volume of 45,541,496. The stock has a 50-day moving average price of $0.98 and a two-hundred day moving average price of $1.34. Tilray has a 52-week low of $0.58 and a 52-week high of $2.97. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.58 and a current ratio of 2.54. The company has a market cap of $571.88 million, a P/E ratio of -2.03 and a beta of 2.13.

Gibraltar Industries (ROCK)

Gibraltar Industries, Inc. manufactures and provides products and services for the renewable energy, residential, agtech, and infrastructure markets in the United States and internationally. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems for commercial and distributed generation scale solar installations.

Shares of ROCK traded up $2.26 during midday trading on Friday, reaching $65.43. The stock had a trading volume of 329,085 shares, compared to its average volume of 183,596. Gibraltar Industries has a 12-month low of $55.31 and a 12-month high of $81.90. The company’s 50-day moving average is $62.09 and its 200 day moving average is $65.92. The company has a market capitalization of $1.99 billion, a price-to-earnings ratio of 14.64 and a beta of 1.20.

Innovative Industrial Properties (IIPR)

Shares of NYSE IIPR traded up $1.44 during midday trading on Friday, reaching $69.64. The company had a trading volume of 261,588 shares, compared to its average volume of 236,584. Innovative Industrial Properties has a one year low of $62.45 and a one year high of $138.35. The company has a quick ratio of 11.53, a current ratio of 14.32 and a debt-to-equity ratio of 0.16. The firm’s fifty day moving average price is $70.53 and its 200-day moving average price is $99.92. The stock has a market cap of $1.97 billion, a PE ratio of 12.59 and a beta of 1.49.

Turning Point Brands (TPB)

Turning Point Brands, Inc., together with its subsidiaries, manufactures, markets, and distributes branded consumer products. The company operates through three segments: Zig-Zag Products, Stoker’s Products, and Creative Distribution Solutions. Zig-Zag Products segment markets and distributes rolling papers, tubes, finished cigars, make-your-own cigar wraps, and related products, as well as lighters and other accessories under the Zig-Zag brand.

Shares of NYSE TPB traded up $1.47 during midday trading on Friday, reaching $58.41. The company had a trading volume of 215,894 shares, compared to its average volume of 145,754. Turning Point Brands has a one year low of $26.45 and a one year high of $72.54. The company has a quick ratio of 1.78, a current ratio of 4.21 and a debt-to-equity ratio of 1.33. The firm’s fifty day moving average price is $62.71 and its 200-day moving average price is $54.58. The stock has a market cap of $1.04 billion, a PE ratio of 23.18 and a beta of 0.75.

Indivior (INDV)

Indivior PLC, together with its subsidiaries, engages in the development, manufacture, and sale of buprenorphine-based prescription drugs for the treatment of opioid dependence and co-occurring disorders in the United States, the United Kingdom, and internationally. The company develops medicines to treat substance use disorders, serious mental illnesses, and opioid overdose.

Shares of NASDAQ INDV traded up $0.09 during midday trading on Friday, reaching $9.68. The company had a trading volume of 856,224 shares, compared to its average volume of 607,346. Indivior has a one year low of $7.33 and a one year high of $22.53. The firm’s fifty day moving average price is $10.64 and its 200-day moving average price is $10.51. The stock has a market cap of $1.33 billion, a PE ratio of -27.66 and a beta of 0.82.

Canopy Growth (CGC)

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in the United States, Canada, Germany, and internationally. It operates through Canada Cannabis, International Markets Cannabis, and Storz & Bickel segments.

CGC traded up $0.05 during midday trading on Friday, reaching $1.10. 5,009,632 shares of the company’s stock traded hands, compared to its average volume of 8,128,123. The firm has a fifty day moving average of $1.89 and a two-hundred day moving average of $3.36. The stock has a market capitalization of $174.48 million, a price-to-earnings ratio of -0.29 and a beta of 0.87. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.52 and a quick ratio of 2.58. Canopy Growth has a 52 week low of $1.05 and a 52 week high of $14.92.

AFC Gamma (AFCG)

AFC Gamma, Inc. originates, structures, underwrites, and invests in senior secured loans, and other various commercial real estate loans and debt securities for established companies operating in the cannabis industry. It primarily originates loans structured as senior loans secured by real estate, equipment, and licenses and/or other assets of the loan parties to the extent permitted by applicable laws and the regulations governing such loan parties.

AFCG traded down $0.14 during midday trading on Friday, reaching $6.62. 816,056 shares of the company’s stock traded hands, compared to its average volume of 168,580. The firm has a fifty day moving average of $8.34 and a two-hundred day moving average of $9.28. The stock has a market capitalization of $145.33 million, a price-to-earnings ratio of 16.55 and a beta of 1.03. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.92 and a quick ratio of 3.92. AFC Gamma has a 52 week low of $6.10 and a 52 week high of $13.28.