Promising Cannabis Stocks Worth Watching – May 21st

Canopy Growth, Greenlane, Tilray, Aurora Cannabis, and Gibraltar Industries are the five Cannabis stocks to watch today, according to MarketBeat’s stock screener tool. Cannabis stocks are shares of publicly traded companies that derive a significant portion of their revenue from the cultivation, processing, distribution or sale of marijuana and hemp-based products. They span businesses in both medical and recreational markets as well as ancillary services like biotechnology, equipment manufacturing and retail operations. Because the legal status of cannabis varies widely and regulations are constantly evolving, these stocks often exhibit greater volatility than more established industries. 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.

NASDAQ:CGC traded up $0.14 during trading hours on Wednesday, hitting $1.91. The company had a trading volume of 8,280,219 shares, compared to its average volume of 5,756,523. The company has a debt-to-equity ratio of 0.74, a current ratio of 3.52 and a quick ratio of 2.58. The company has a market capitalization of $350.26 million, a PE ratio of -0.50 and a beta of 0.79. The stock has a 50-day moving average price of $1.19 and a 200 day moving average price of $2.17. Canopy Growth has a 52 week low of $0.77 and a 52 week high of $10.71.

Greenlane (GNLN)

Greenlane Holdings, Inc. develops and distributes cannabis accessories, vape solutions, and lifestyle products in the United States, Canada, and Europe. It operates in two segments, Consumer Goods and Industrial Goods. The company provides consumption accessories, vaporizers, pipes, rolling papers, grinders, and apparel lines, as well as bubblers, rigs, other smoking and vaporization related accessories, and merchandise.

Greenlane stock traded up $0.00 on Wednesday, hitting $0.01. 1,280,057,285 shares of the stock traded hands, compared to its average volume of 29,053,988. The business’s fifty day simple moving average is $0.20 and its 200 day simple moving average is $1.03. Greenlane has a 1 year low of $0.01 and a 1 year high of $21.80.

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 TLRY traded up $0.00 during trading hours on Wednesday, hitting $0.46. The company had a trading volume of 16,324,836 shares, compared to its average volume of 28,099,338. Tilray has a 52-week low of $0.41 and a 52-week high of $2.15. The firm has a fifty day moving average price of $0.53 and a 200-day moving average price of $0.94. The stock has a market capitalization of $458.96 million, a price-to-earnings ratio of -1.52 and a beta of 1.95. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.58 and a current ratio of 2.54.

Aurora Cannabis (ACB)

Aurora Cannabis Inc., together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation. The company produces, distributes, and sells medical and consumer cannabis products in Canada.

NASDAQ ACB traded up $0.16 during trading hours on Wednesday, hitting $5.50. The company’s stock had a trading volume of 1,081,212 shares, compared to its average volume of 1,562,564. Aurora Cannabis has a 12 month low of $3.42 and a 12 month high of $7.57. The company’s 50 day simple moving average is $4.52 and its two-hundred day simple moving average is $4.61. The company has a market cap of $309.18 million, a P/E ratio of 109.72 and a beta of 1.94. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.30 and a quick ratio of 1.60.

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.

NASDAQ ROCK traded down $0.09 during trading hours on Wednesday, hitting $61.24. The company’s stock had a trading volume of 60,088 shares, compared to its average volume of 225,254. The company’s 50 day simple moving average is $57.34 and its two-hundred day simple moving average is $62.12. The company has a market cap of $1.81 billion, a P/E ratio of 13.70 and a beta of 1.30. Gibraltar Industries has a 12 month low of $48.96 and a 12 month high of $81.90.