Green Thumb Industries (OTCMKTS:GTBIF) Shares Up 5.1% – Should You Buy?

Green Thumb Industries Inc. (OTCMKTS:GTBIF) traded up 5.1% on Tuesday . The stock traded as high as $8.40 and last traded at $8.26. 134,213 shares were traded during trading, a decline of 75% from the average session volume of 527,655 shares. The stock had previously closed at $7.86.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on GTBIF. Canaccord Genuity Group raised shares of Green Thumb Industries to a “strong-buy” rating in a report on Thursday, October 9th. Zacks Research raised Green Thumb Industries from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy”.

Green Thumb Industries Stock Performance

The firm’s fifty day moving average is $7.00 and its two-hundred day moving average is $7.10. The company has a market cap of $1.74 billion, a P/E ratio of 49.46 and a beta of 1.20.

Green Thumb Industries (OTCMKTS:GTBIF) last issued its earnings results on Wednesday, November 5th. The company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.03 by $0.01. Green Thumb Industries had a return on equity of 1.66% and a net margin of 3.77%.The company had revenue of $291.37 million for the quarter, compared to the consensus estimate of $290.98 million. On average, equities research analysts expect that Green Thumb Industries Inc. will post 0.32 EPS for the current year.

Green Thumb Industries Company Profile

Green Thumb Industries is a diversified cannabis consumer packaged goods company and retailer with operations spanning cultivation, manufacturing and distribution. The company develops branded cannabis products across multiple formats, including dried flower, pre-rolls, oils, concentrates, edibles and vaporizers. Its product portfolio is marketed under well-known brand names tailored to the adult-use market, and the company works with licensed cultivators and partners to ensure consistent quality and compliance with state regulations.

In addition to its branded product lines, Green Thumb Industries maintains a network of wholly owned manufacturing facilities and distribution centers that supply its retail outlets as well as independent dispensaries.