Best Cannabis Stocks To Watch Now – July 18th

Incannex Healthcare, Indivior, Tilray Brands, Innovative Industrial Properties, Turning Point Brands, Gibraltar Industries, and Canopy Growth 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, production, distribution or sale of cannabis and related products. By buying these stocks, investors gain exposure to the legal cannabis industry without directly handling the plant itself. Their performance often hinges on factors like regulatory changes, consumer demand and broader market trends. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

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.

Shares of NASDAQ:IXHL traded up $0.17 during midday trading on Friday, hitting $0.54. The company had a trading volume of 239,939,738 shares, compared to its average volume of 20,816,708. The stock has a market cap of $15.80 million, a price-to-earnings ratio of -0.44 and a beta of 7.47. Incannex Healthcare has a twelve month low of $0.08 and a twelve month high of $3.12. The business’s 50-day simple moving average is $0.23 and its 200-day simple moving average is $0.85.

Indivior (INDV)

Indivior PLC, together with its subsidiaries, engages in the development, manufacture, and sale of buprenorphine-based prescription drugs for the treatment of opioid dependence and co-occurring disorders in the United States, the United Kingdom, and internationally. The company develops medicines to treat substance use disorders, serious mental illnesses, and opioid overdose.

Shares of INDV traded up $0.02 during midday trading on Friday, hitting $16.18. 807,890 shares of the stock were exchanged, compared to its average volume of 1,229,542. Indivior has a 52-week low of $7.33 and a 52-week high of $16.33. The stock has a fifty day simple moving average of $13.39 and a 200 day simple moving average of $11.46.

Tilray Brands (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.

Tilray Brands stock traded up $0.02 during midday trading on Friday, reaching $0.63. The company’s stock had a trading volume of 17,048,796 shares, compared to its average volume of 31,165,515. Tilray Brands has a fifty-two week low of $0.35 and a fifty-two week high of $2.15. The company has a quick ratio of 1.61, a current ratio of 2.62 and a debt-to-equity ratio of 0.12. The company has a market cap of $631.08 million, a P/E ratio of -0.60 and a beta of 1.82. The business has a 50-day simple moving average of $0.46 and a 200-day simple moving average of $0.69.

Innovative Industrial Properties (IIPR)

Shares of NYSE IIPR traded down $0.68 during midday trading on Friday, reaching $51.61. 195,470 shares of the company were exchanged, compared to its average volume of 285,157. The company has a current ratio of 10.73, a quick ratio of 10.73 and a debt-to-equity ratio of 0.15. Innovative Industrial Properties has a 1 year low of $45.44 and a 1 year high of $138.35. The stock has a fifty day simple moving average of $56.12 and a 200 day simple moving average of $61.21. The stock has a market cap of $1.45 billion, a P/E ratio of 9.90 and a beta of 1.69.

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.

TPB traded down $1.01 during trading on Friday, reaching $77.82. The company’s stock had a trading volume of 59,126 shares, compared to its average volume of 199,706. The company’s fifty day moving average price is $74.09 and its 200-day moving average price is $65.68. Turning Point Brands has a 52-week low of $34.78 and a 52-week high of $81.25. The company has a debt-to-equity ratio of 1.44, a quick ratio of 2.64 and a current ratio of 4.42. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of 34.20 and a beta of 0.75.

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 $0.08 during midday trading on Friday, reaching $63.46. 51,313 shares of the company traded hands, compared to its average volume of 234,302. 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 $1.87 billion, a PE ratio of 14.59 and a beta of 1.32. The firm’s 50 day simple moving average is $60.35 and its two-hundred day simple moving average is $59.78.

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.

CGC traded down $0.01 during trading on Friday, hitting $1.11. The company’s stock had a trading volume of 2,203,717 shares, compared to its average volume of 6,586,594. The firm’s 50 day moving average price is $1.40 and its 200-day moving average price is $1.53. The company has a debt-to-equity ratio of 0.62, a current ratio of 3.12 and a quick ratio of 2.10. The stock has a market cap of $203.18 million, a PE ratio of -0.27 and a beta of 0.73. Canopy Growth has a twelve month low of $0.77 and a twelve month high of $8.65.