Top Cannabis Stocks To Keep An Eye On – May 22nd

Canopy Growth, Tilray, Innovative Industrial Properties, Gibraltar Industries, Aurora Cannabis, Incannex Healthcare, and Turning Point Brands are the seven Cannabis stocks to watch today, according to MarketBeat’s stock screener tool. Cannabis stocks are shares of publicly traded companies involved in the cultivation, processing, distribution, or sale of cannabis and hemp-based products. Investors buy these stocks to gain exposure to the legal marijuana industry, which includes medical and recreational cannabis markets. Like any sector, cannabis stocks can be volatile due to regulatory changes, evolving consumer demand, and shifting market dynamics. 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 NASDAQ CGC traded up $0.13 during mid-day trading on Thursday, hitting $1.93. The company had a trading volume of 10,177,968 shares, compared to its average volume of 5,793,746. The company has a market capitalization of $353.94 million, a price-to-earnings ratio of -0.51 and a beta of 0.79. Canopy Growth has a 1 year low of $0.77 and a 1 year high of $10.14. The stock’s 50-day moving average price is $1.20 and its 200-day moving average price is $2.17. The company has a current ratio of 3.52, a quick ratio of 2.58 and a debt-to-equity ratio of 0.74.

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.

TLRY stock traded up $0.01 during mid-day trading on Thursday, hitting $0.45. 9,617,601 shares of the stock were exchanged, compared to its average volume of 28,141,447. The stock has a market capitalization of $449.90 million, a price-to-earnings ratio of -1.49 and a beta of 1.95. The business has a fifty day moving average price of $0.52 and a 200 day moving average price of $0.94. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.54 and a quick ratio of 1.58. Tilray has a 12 month low of $0.41 and a 12 month high of $2.15.

Innovative Industrial Properties (IIPR)

IIPR traded down $0.19 during midday trading on Thursday, reaching $55.23. 66,544 shares of the company’s stock traded hands, compared to its average volume of 270,667. The firm has a fifty day moving average of $55.50 and a two-hundred day moving average of $73.98. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 10.00 and a beta of 1.73. The company has a debt-to-equity ratio of 0.16, a current ratio of 14.32 and a quick ratio of 11.53. Innovative Industrial Properties has a 52 week low of $45.44 and a 52 week high of $138.35.

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 stock traded down $1.50 during midday trading on Thursday, reaching $58.53. 55,171 shares of the stock were exchanged, compared to its average volume of 225,714. Gibraltar Industries has a 1 year low of $48.96 and a 1 year high of $81.90. The company’s 50 day moving average is $57.24 and its two-hundred day moving average is $62.10. The firm has a market cap of $1.73 billion, a PE ratio of 13.06 and a beta of 1.30.

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.

Shares of Aurora Cannabis stock traded up $0.23 during midday trading on Thursday, hitting $5.45. The company had a trading volume of 487,827 shares, compared to its average volume of 1,558,845. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.60 and a current ratio of 3.30. The stock has a market capitalization of $306.25 million, a P/E ratio of 108.92 and a beta of 1.94. The company has a 50 day moving average of $4.54 and a 200 day moving average of $4.62. Aurora Cannabis has a 52-week low of $3.42 and a 52-week high of $7.20.

Incannex Healthcare (IXHL)

Incannex Healthcare Inc., a clinical stage pharmaceutical development company, engages in the research, development, and sale of medicinal cannabinoid and psychedelic pharmaceutical products and therapies. It develops products for the treatment of obstructive sleep apnoea (OSA), traumatic brain injury (TBI) and concussion, lung inflammation (ARDS, COPD, asthma, bronchitis), rheumatoid arthritis, inflammatory bowel disease, anxiety disorders, addiction disorders, pain, and other indications.

IXHL stock traded down $0.02 during midday trading on Thursday, hitting $0.21. The company’s stock had a trading volume of 12,082,741 shares, compared to its average volume of 10,108,525. The company has a market cap of $3.70 million, a PE ratio of -0.15 and a beta of 7.67. Incannex Healthcare has a 12 month low of $0.08 and a 12 month high of $3.55. The company has a current ratio of 1.80, a quick ratio of 1.65 and a debt-to-equity ratio of 2.47. The firm’s 50-day moving average is $0.51 and its 200-day moving average is $1.35.

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.

Shares of NYSE TPB traded down $0.32 during midday trading on Thursday, hitting $72.78. 26,941 shares of the stock traded hands, compared to its average volume of 168,672. The firm has a 50-day moving average of $61.87 and a two-hundred day moving average of $61.36. The firm has a market capitalization of $1.30 billion, a P/E ratio of 28.89 and a beta of 0.69. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.78 and a current ratio of 4.21. Turning Point Brands has a one year low of $30.61 and a one year high of $81.05.