Cannabis Stocks To Follow Today – May 1st

Canopy Growth, SNDL, Gibraltar Industries, Tilray, and Innovative Industrial Properties are the five Cannabis stocks to watch today, according to MarketBeat’s stock screener tool. Error: Response status code does not indicate success: 429 (Too Many Requests). These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

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 $0.04 during trading hours on Thursday, reaching $1.35. The stock had a trading volume of 3,193,247 shares, compared to its average volume of 6,444,701. Canopy Growth has a twelve month low of $0.77 and a twelve month high of $14.10. The stock’s 50 day moving average is $1.14 and its 200 day moving average is $2.51. The company has a current ratio of 3.52, a quick ratio of 2.58 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $247.30 million, a PE ratio of -0.35 and a beta of 0.92.

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 $0.09 during midday trading on Thursday, hitting $1.41. The company’s stock had a trading volume of 2,554,881 shares, compared to its average volume of 2,425,852. The company has a debt-to-equity ratio of 0.10, a quick ratio of 4.16 and a current ratio of 5.61. The business’s 50 day simple moving average is $1.48 and its 200 day simple moving average is $1.75. SNDL has a 12-month low of $1.26 and a 12-month high of $2.93. The company has a market cap of $369.20 million, a P/E ratio of -4.55 and a beta of 3.23.

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.

ROCK traded up $1.11 on Thursday, hitting $54.06. The company had a trading volume of 64,861 shares, compared to its average volume of 215,010. Gibraltar Industries has a 1 year low of $48.96 and a 1 year high of $81.90. The firm has a market cap of $1.60 billion, a P/E ratio of 12.13 and a beta of 1.22. The company’s fifty day moving average price is $59.00 and its 200 day moving average price is $62.83.

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.

Shares of NASDAQ TLRY traded up $0.01 during mid-day trading on Thursday, hitting $0.49. 6,599,106 shares of the company were exchanged, compared to its average volume of 28,926,906. The stock has a 50 day simple moving average of $0.60 and a 200-day simple moving average of $1.06. The firm has a market cap of $494.19 million, a price-to-earnings ratio of -1.65 and a beta of 1.88. 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 1-year low of $0.43 and a 1-year high of $2.34.

Innovative Industrial Properties (IIPR)

Shares of IIPR stock traded up $0.02 during mid-day trading on Thursday, reaching $54.33. The stock had a trading volume of 50,949 shares, compared to its average volume of 271,608. The company has a market cap of $1.54 billion, a P/E ratio of 9.84 and a beta of 1.59. The company has a current ratio of 14.32, a quick ratio of 11.53 and a debt-to-equity ratio of 0.16. Innovative Industrial Properties has a 12-month low of $45.44 and a 12-month high of $138.35. The business has a 50-day simple moving average of $60.43 and a 200 day simple moving average of $81.93.