Cannabis Stocks To Watch Now – May 9th

Turning Point Brands, Agrify, Gibraltar Industries, Tilray, Innovative Industrial Properties, Greenlane, 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 legal marijuana industry, including businesses that cultivate, process, distribute or provide services and products related to cannabis. Investors buy and sell these stocks on major exchanges, where their prices can be highly sensitive to changes in regulations, market demand and shifts in public policy over cannabis legalization. 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.

Shares of NYSE TPB traded down $2.16 during midday trading on Friday, reaching $73.50. The company had a trading volume of 98,621 shares, compared to its average volume of 164,490. The stock has a market cap of $1.31 billion, a P/E ratio of 29.17 and a beta of 0.69. The company has a current ratio of 4.21, a quick ratio of 1.78 and a debt-to-equity ratio of 1.33. The business’s 50-day simple moving average is $59.82 and its 200 day simple moving average is $59.74. Turning Point Brands has a 1 year low of $30.61 and a 1 year high of $81.05.

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.

NASDAQ:AGFY traded down $0.92 during midday trading on Friday, hitting $26.50. The company’s stock had a trading volume of 186,543 shares, compared to its average volume of 246,974. The firm’s 50 day moving average is $18.07 and its 200-day moving average is $22.38. The firm has a market cap of $51.73 million, a P/E ratio of -1.89 and a beta of 10.16. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.75 and a quick ratio of 0.10. Agrify has a fifty-two week low of $2.71 and a fifty-two week high of $84.44.

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.

Gibraltar Industries stock traded down $0.15 during midday trading on Friday, hitting $58.53. 61,341 shares of the company were exchanged, compared to its average volume of 217,657. The business has a fifty day simple moving average of $57.95 and a two-hundred day simple moving average of $62.40. Gibraltar Industries has a fifty-two week low of $48.96 and a fifty-two week high of $81.90. The firm has a market capitalization of $1.73 billion, a PE ratio of 13.09 and a beta of 1.30.

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 $0.01 during mid-day trading on Friday, hitting $0.43. 7,839,735 shares of the stock were exchanged, compared to its average volume of 28,462,413. Tilray has a 52-week low of $0.41 and a 52-week high of $2.31. The company has a quick ratio of 1.58, a current ratio of 2.54 and a debt-to-equity ratio of 0.10. The company has a market cap of $434.10 million, a PE ratio of -1.44 and a beta of 1.95. The firm has a fifty day moving average of $0.56 and a 200 day moving average of $1.02.

Innovative Industrial Properties (IIPR)

Shares of IIPR stock traded down $0.67 during trading hours on Friday, hitting $54.99. 60,582 shares of the company’s stock were exchanged, compared to its average volume of 271,222. The firm has a market cap of $1.54 billion, a P/E ratio of 9.94 and a beta of 1.73. The firm has a 50 day moving average of $58.28 and a two-hundred day moving average of $78.68. The company has a quick ratio of 11.53, a current ratio of 14.32 and a debt-to-equity ratio of 0.16. Innovative Industrial Properties has a fifty-two week low of $45.44 and a fifty-two week high of $138.35.

Greenlane (GNLN)

Greenlane Holdings, Inc. develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers, grinders, and apparel lines, as well as bubblers, rigs, other smoking and vaporization related accessories, and merchandise.

Greenlane stock traded up $0.00 during midday trading on Friday, reaching $0.01. The company had a trading volume of 433,255,586 shares, compared to its average volume of 17,468,891. Greenlane has a 12-month low of $0.01 and a 12-month high of $21.80. The firm’s fifty day simple moving average is $0.28 and its 200-day simple moving average is $1.22.

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 down $0.04 on Friday, hitting $1.31. 1,778,216 shares of the company’s stock were exchanged, compared to its average volume of 6,000,184. The company has a current ratio of 3.52, a quick ratio of 2.58 and a debt-to-equity ratio of 0.74. The firm has a 50-day moving average price of $1.13 and a 200-day moving average price of $2.39. The stock has a market cap of $239.94 million, a price-to-earnings ratio of -0.34 and a beta of 0.79. Canopy Growth has a fifty-two week low of $0.77 and a fifty-two week high of $11.95.