Green Thumb Industries (OTCMKTS:GTBIF) Shares Gap Up – What’s Next?

Green Thumb Industries Inc. (OTCMKTS:GTBIF)’s share price gapped up prior to trading on Friday . The stock had previously closed at $6.41, but opened at $7.90. Green Thumb Industries shares last traded at $7.93, with a volume of 950,287 shares traded.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Zacks Research raised shares of Green Thumb Industries from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. Canaccord Genuity Group raised shares of Green Thumb Industries to a “strong-buy” rating in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, Green Thumb Industries has a consensus rating of “Buy”.

Green Thumb Industries Stock Up 29.0%

The company has a market capitalization of $1.72 billion, a PE ratio of 48.65 and a beta of 1.20. The company has a 50-day moving average price of $7.01 and a two-hundred day moving average price of $6.80.

Green Thumb Industries (OTCMKTS:GTBIF) last posted its earnings results on Wednesday, November 5th. The company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.03 by $0.01. The business had revenue of $291.37 million for the quarter, compared to analyst estimates of $290.98 million. Green Thumb Industries had a net margin of 3.77% and a return on equity of 1.66%. As a group, equities analysts anticipate that Green Thumb Industries Inc. will post 0.32 EPS for the current fiscal year.

Green Thumb Industries Company Profile

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.