Best Cannabis Stocks To Keep An Eye On – March 14th

Tilray, Gibraltar Industries, Innovative Industrial Properties, Indivior, AFC Gamma, Turning Point Brands, and Canopy Growth are the seven Cannabis stocks to watch today, according to MarketBeat’s stock screener tool. Cannabis stocks are shares of companies that are involved in the cultivation, production, and sale of cannabis and related products. These stocks represent equity in firms operating within the medical and recreational cannabis industry, where investors may seek capital appreciation as the market continues to evolve with changing regulations and consumer demand. 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 trading hours on Friday, reaching $0.61. 18,481,707 shares of the company were exchanged, compared to its average volume of 45,137,031. The company has a current ratio of 2.54, a quick ratio of 1.58 and a debt-to-equity ratio of 0.10. The stock has a 50-day moving average of $0.99 and a 200 day moving average of $1.35. The firm has a market cap of $571.97 million, a price-to-earnings ratio of -2.04 and a beta of 2.13. Tilray has a 12 month low of $0.58 and a 12 month high of $2.97.

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 on Friday, reaching $65.43. 113,337 shares of the stock traded hands, compared to its average volume of 182,730. The firm has a market cap of $1.99 billion, a price-to-earnings ratio of 14.64 and a beta of 1.20. The stock’s 50-day moving average price is $61.87 and its 200-day moving average price is $65.97. Gibraltar Industries has a 12 month low of $55.31 and a 12 month high of $81.90.

Innovative Industrial Properties (IIPR)

Shares of IIPR stock traded up $1.63 during trading hours on Friday, hitting $69.83. 49,516 shares of the company’s stock were exchanged, compared to its average volume of 235,578. The company has a debt-to-equity ratio of 0.16, a current ratio of 14.32 and a quick ratio of 11.53. The stock has a market cap of $1.98 billion, a price-to-earnings ratio of 12.63 and a beta of 1.49. The stock’s 50-day moving average is $70.53 and its 200-day moving average is $99.92. Innovative Industrial Properties has a 52 week low of $62.45 and a 52 week high of $138.35.

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.

INDV traded up $0.08 during mid-day trading on Friday, hitting $9.67. The stock had a trading volume of 327,311 shares, compared to its average volume of 603,557. Indivior has a 1-year low of $7.33 and a 1-year high of $22.53. The stock’s fifty day simple moving average is $10.70 and its 200-day simple moving average is $10.53. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of -27.51 and a beta of 0.82.

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.

AFC Gamma stock traded down $0.27 during midday trading on Friday, reaching $6.50. The stock had a trading volume of 370,036 shares, compared to its average volume of 166,958. The firm’s fifty day simple moving average is $8.38 and its 200-day simple moving average is $9.30. The company has a debt-to-equity ratio of 0.29, a quick ratio of 3.92 and a current ratio of 3.92. AFC Gamma has a 1-year low of $6.10 and a 1-year high of $13.28. The stock has a market capitalization of $142.58 million, a P/E ratio of 16.39 and a beta of 1.03.

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 TPB stock traded up $0.93 during midday trading on Friday, hitting $57.87. 39,239 shares of the company were exchanged, compared to its average volume of 145,338. The firm has a market capitalization of $1.03 billion, a P/E ratio of 22.99 and a beta of 0.75. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.78 and a current ratio of 4.21. Turning Point Brands has a 52 week low of $26.45 and a 52 week high of $72.54. The firm’s 50 day moving average price is $62.75 and its two-hundred day moving average price is $54.45.

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.

Shares of NASDAQ:CGC traded up $0.05 during midday trading on Friday, hitting $1.10. The stock had a trading volume of 1,929,453 shares, compared to its average volume of 8,063,461. The company has a quick ratio of 2.58, a current ratio of 3.52 and a debt-to-equity ratio of 0.74. Canopy Growth has a fifty-two week low of $1.05 and a fifty-two week high of $14.92. The company has a market capitalization of $170.18 million, a P/E ratio of -0.29 and a beta of 0.87. The company’s 50-day moving average price is $1.92 and its 200-day moving average price is $3.40.