Green Thumb Industries (OTCMKTS:GTBIF) Sets New 52-Week Low at $8.75

Green Thumb Industries Inc. (OTCMKTS:GTBIFGet Rating)’s share price reached a new 52-week low on Tuesday . The stock traded as low as $8.75 and last traded at $8.76, with a volume of 439005 shares. The stock had previously closed at $9.01.

GTBIF has been the topic of several research analyst reports. Stifel Nicolaus dropped their target price on shares of Green Thumb Industries from C$80.00 to C$73.00 in a report on Wednesday, March 2nd. Alliance Global Partners dropped their target price on shares of Green Thumb Industries from C$40.00 to C$38.00 in a report on Thursday, May 5th. Craig Hallum dropped their target price on shares of Green Thumb Industries from $35.00 to $25.00 in a report on Thursday, May 5th. Canaccord Genuity Group dropped their target price on shares of Green Thumb Industries from C$46.00 to C$43.00 in a report on Wednesday, March 2nd. Finally, Benchmark dropped their target price on shares of Green Thumb Industries from $45.00 to $30.00 in a report on Tuesday, March 1st. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus target price of $48.27.

The company has a market capitalization of $2.06 billion and a price-to-earnings ratio of 22.52. The stock’s fifty day moving average price is $12.77 and its 200-day moving average price is $16.89.

Green Thumb Industries (OTCMKTS:GTBIFGet Rating) last released its earnings results on Wednesday, May 4th. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.09 by $0.03. Green Thumb Industries had a net margin of 9.98% and a return on equity of 6.32%. The business had revenue of $242.60 million during the quarter, compared to analysts’ expectations of $231.20 million. Equities research analysts predict that Green Thumb Industries Inc. will post 0.36 EPS for the current fiscal year.

About Green Thumb Industries (OTCMKTS:GTBIF)

Green Thumb Industries Inc engages in manufacture, distribution, and sale of various cannabis products for medical and adult-use in the United States. It offers cannabis flower; and processed and packaged products, including pre-rolls, concentrates, vapes, tinctures, edibles, topicals, and other cannabis-related products under the Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RHYTHM brands.

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