Promising Cannabis Stocks To Research – May 11th

Turning Point Brands, Gibraltar Industries, Innovative Industrial Properties, Tilray, Indivior, Agrify, and Canopy Growth are the seven Cannabis stocks to watch today, according to MarketBeat’s stock screener tool. Cannabis stocks are shares of publicly traded companies involved in the cultivation, processing, distribution or ancillary services of cannabis and hemp products. Investors buy and sell these equities on stock exchanges, expecting to profit from the industry’s growth as legalization expands. Due to evolving regulations and market volatility, cannabis stocks can carry higher risk alongside potential for rapid gains. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

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.

Turning Point Brands stock traded down $0.55 during mid-day trading on Friday, reaching $75.11. 333,849 shares of the company traded hands, compared to its average volume of 165,656. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 29.81 and a beta of 0.69. The company has a debt-to-equity ratio of 1.33, a current ratio of 4.21 and a quick ratio of 1.78. The firm’s 50 day moving average price is $59.99 and its 200 day moving average price is $60.06. Turning Point Brands has a 52-week low of $30.61 and a 52-week high of $81.05.

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 down $0.13 during mid-day trading on Friday, reaching $58.55. The company had a trading volume of 228,154 shares, compared to its average volume of 219,258. The company has a market capitalization of $1.73 billion, a price-to-earnings ratio of 13.10 and a beta of 1.30. The firm has a 50-day moving average price of $57.82 and a 200 day moving average price of $62.33. Gibraltar Industries has a 52 week low of $48.96 and a 52 week high of $81.90.

Innovative Industrial Properties (IIPR)

Shares of Innovative Industrial Properties stock traded down $1.08 during trading on Friday, hitting $54.58. 193,188 shares of the company’s stock traded hands, compared to its average volume of 271,657. The stock has a market capitalization of $1.53 billion, a P/E ratio of 9.87 and a beta of 1.73. The company has a debt-to-equity ratio of 0.16, a current ratio of 14.32 and a quick ratio of 11.53. Innovative Industrial Properties has a 1 year low of $45.44 and a 1 year high of $138.35. The business has a 50-day simple moving average of $57.95 and a 200-day simple moving average of $77.77.

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.

Shares of TLRY stock traded down $0.02 during mid-day trading on Friday, reaching $0.43. 14,743,363 shares of the company’s stock traded hands, compared to its average volume of 28,575,284. 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 firm has a 50 day moving average price of $0.56 and a two-hundred day moving average price of $1.00. The firm has a market capitalization of $429.77 million, a PE ratio of -1.42 and a beta of 1.95. Tilray has a 12 month low of $0.41 and a 12 month high of $2.31.

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 $0.11 during midday trading on Friday, reaching $11.09. The stock had a trading volume of 488,393 shares, compared to its average volume of 999,561. Indivior has a 12-month low of $7.33 and a 12-month high of $18.59. The stock has a 50-day moving average of $9.97 and a 200-day moving average of $10.55. The company has a market capitalization of $1.53 billion, a price-to-earnings ratio of -31.69 and a beta of 0.98.

Agrify (AGFY)

Agrify Corporation offers hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. It offers vertical farming units and Agrify Insights Software-as-a-Service software; integrated grow racks and LED grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products.

AGFY traded down $3.71 on Friday, hitting $23.71. The company had a trading volume of 204,531 shares, compared to its average volume of 248,943. The business’s fifty day simple moving average is $18.21 and its 200 day simple moving average is $22.65. Agrify has a 12-month low of $2.71 and a 12-month high of $84.44. The company has a market cap of $46.28 million, a PE ratio of -1.69 and a beta of 10.16. The company has a quick ratio of 0.10, a current ratio of 0.75 and a debt-to-equity ratio of 0.80.

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.

NASDAQ CGC traded down $0.02 during trading on Friday, hitting $1.32. The stock had a trading volume of 2,846,813 shares, compared to its average volume of 5,938,417. The stock has a 50 day simple moving average of $1.13 and a 200 day simple moving average of $2.34. The stock has a market capitalization of $242.70 million, a price-to-earnings ratio of -0.35 and a beta of 0.79. The company has a debt-to-equity ratio of 0.74, a quick ratio of 2.58 and a current ratio of 3.52. Canopy Growth has a one year low of $0.77 and a one year high of $11.95.