Promising Cannabis Stocks To Keep An Eye On – February 02nd

Tilray, Gibraltar Industries, Innovative Industrial Properties, Turning Point Brands, Canopy Growth, Indivior, and SNDL are the seven Cannabis stocks to watch today, according to MarketBeat’s stock screener tool. Cannabis stocks refer to shares of companies that operate within the legal cannabis industry. These companies may be involved in various aspects of the cannabis market, such as cultivation, production, distribution, or retail of cannabis products. Investing in cannabis stocks allows individuals to potentially profit from the growth and evolution of the legal cannabis market. 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.

NASDAQ:TLRY traded down $0.08 on Friday, reaching $1.05. 38,103,466 shares of the company’s stock were exchanged, compared to its average volume of 39,208,952. The business has a fifty day moving average of $1.27 and a 200-day moving average of $1.55. The company has a quick ratio of 1.58, a current ratio of 2.54 and a debt-to-equity ratio of 0.10. Tilray has a 52-week low of $1.03 and a 52-week 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 down $1.05 during midday trading on Friday, reaching $61.37. The stock had a trading volume of 479,165 shares, compared to its average volume of 153,300. The company has a market capitalization of $1.86 billion, a P/E ratio of 17.05 and a beta of 1.19. The firm’s 50 day moving average price is $63.79 and its 200-day moving average price is $67.50. Gibraltar Industries has a 52 week low of $55.31 and a 52 week high of $87.40.

Innovative Industrial Properties (IIPR)

Shares of NYSE IIPR traded down $1.39 during midday trading on Friday, hitting $71.67. The stock had a trading volume of 405,217 shares, compared to its average volume of 260,005. The company has a debt-to-equity ratio of 0.15, a current ratio of 11.53 and a quick ratio of 11.53. The company’s 50-day simple moving average is $82.42 and its 200 day simple moving average is $109.18. The firm has a market cap of $2.03 billion, a P/E ratio of 12.75 and a beta of 1.39. Innovative Industrial Properties has a fifty-two week low of $62.45 and a fifty-two week high of $138.35.

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.

NYSE TPB traded up $0.73 on Friday, hitting $63.73. 285,005 shares of the company’s stock were exchanged, compared to its average volume of 166,024. Turning Point Brands has a 52 week low of $21.98 and a 52 week high of $66.18. The stock has a market cap of $1.13 billion, a price-to-earnings ratio of 25.29 and a beta of 0.66. 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 stock has a 50-day moving average of $59.73 and a 200-day moving average of $48.79.

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 Canopy Growth stock traded down $0.11 during mid-day trading on Friday, hitting $1.99. 5,235,077 shares of the stock were exchanged, compared to its average volume of 5,026,409. The company has a 50-day simple moving average of $2.87 and a 200 day simple moving average of $4.45. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.39 and a quick ratio of 1.07. Canopy Growth has a 12 month low of $1.96 and a 12 month high of $14.92.

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.

NASDAQ:INDV traded down $0.30 during trading hours on Friday, hitting $11.90. The stock had a trading volume of 830,064 shares, compared to its average volume of 1,062,511. The company has a 50 day simple moving average of $11.80 and a two-hundred day simple moving average of $11.04. Indivior has a one year low of $7.33 and a one year high of $23.22. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of -297.43 and a beta of 0.74.

SNDL (SNDL)

SNDL Inc. engages in the production, distribution, and sale of cannabis products in Canada. The company operates through Liquor Retail, Cannabis Retail, Cannabis Operations, and Investments segments. It engages in the cultivation, distribution, and sale of cannabis for the adult-use and medical markets; sells wines, beers, and spirits through wholly owned liquor stores; and private sale of recreational cannabis through wholly owned and franchised retail cannabis stores.

Shares of NASDAQ:SNDL traded down $0.07 on Friday, reaching $1.74. The company’s stock had a trading volume of 1,704,771 shares, compared to its average volume of 1,753,896. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.16 and a current ratio of 5.61. SNDL has a 52-week low of $1.30 and a 52-week high of $2.93. The company has a 50-day simple moving average of $1.83 and a 200 day simple moving average of $1.99.