Best Cannabis Stocks To Keep An Eye On – March 25th

Gibraltar Industries, Tilray, Innovative Industrial Properties, Indivior, and Canopy Growth are the five Cannabis stocks to watch today, according to MarketBeat’s stock screener tool. Cannabis stocks are shares of companies involved in the cultivation, production, distribution, and sale of cannabis and related products, including those used for medicinal and recreational purposes. Investors in these stocks are essentially financing businesses that operate within the legal cannabis industry, which is subject to varying regulations across different regions. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

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 Gibraltar Industries stock traded down $0.12 on Tuesday, hitting $63.24. 99,780 shares of the company traded hands, compared to its average volume of 187,234. Gibraltar Industries has a 12-month low of $55.31 and a 12-month high of $81.90. The company has a market cap of $1.92 billion, a P/E ratio of 14.13 and a beta of 1.20. The firm’s 50-day simple moving average is $62.82 and its 200 day simple moving average is $65.75.

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.

NASDAQ TLRY traded down $0.00 during trading hours on Tuesday, reaching $0.68. 8,662,482 shares of the stock traded hands, compared to its average volume of 31,066,767. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.54 and a quick ratio of 1.58. The stock has a 50 day simple moving average of $0.90 and a two-hundred day simple moving average of $1.29. Tilray has a 1 year low of $0.58 and a 1 year high of $2.97. The company has a market cap of $638.54 million, a price-to-earnings ratio of -2.27 and a beta of 2.13.

Innovative Industrial Properties (IIPR)

IIPR traded down $0.91 during midday trading on Tuesday, hitting $65.39. The stock had a trading volume of 78,700 shares, compared to its average volume of 244,208. Innovative Industrial Properties has a 1 year low of $61.72 and a 1 year high of $138.35. The company has a debt-to-equity ratio of 0.16, a quick ratio of 11.53 and a current ratio of 14.32. The business has a fifty day moving average of $70.44 and a 200 day moving average of $96.71. The company has a market cap of $1.85 billion, a P/E ratio of 11.83 and a beta of 1.49.

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 Indivior stock traded down $0.32 during trading on Tuesday, reaching $9.78. The company’s stock had a trading volume of 211,046 shares, compared to its average volume of 628,152. The company has a market cap of $1.35 billion, a price-to-earnings ratio of -27.92 and a beta of 0.82. The firm’s 50-day moving average is $10.39 and its two-hundred day moving average is $10.39. Indivior has a 52-week low of $7.33 and a 52-week high of $22.53.

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 $0.03 during trading on Tuesday, hitting $1.14. 1,133,004 shares of the company’s stock traded hands, compared to its average volume of 8,141,272. The stock has a fifty day moving average of $1.71 and a two-hundred day moving average of $3.17. Canopy Growth has a 12-month low of $1.05 and a 12-month high of $14.92. The firm has a market cap of $180.03 million, a P/E ratio of -0.30 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.