Promising Cannabis Stocks To Keep An Eye On – April 20th

Tilray, Canopy Growth, Indivior, Innovative Industrial Properties, and Gibraltar Industries are the five Cannabis stocks to watch today, according to MarketBeat’s stock screener tool. Cannabis stocks are securities issued by companies involved in the cultivation, production, or sale of cannabis and related products. They are publicly traded on various exchanges and often subject to volatility due to shifting regulatory environments and evolving market perceptions surrounding cannabis legalization. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

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 Tilray stock traded down $0.03 during trading hours on Friday, reaching $0.45. 44,059,783 shares of the company’s stock were exchanged, compared to its average volume of 29,428,477. The business has a fifty day moving average of $0.67 and a two-hundred day moving average of $1.13. The company has a market capitalization of $421.94 million, a P/E ratio of -1.50 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 $2.52.

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 stock traded up $0.01 during mid-day trading on Friday, reaching $1.19. The company’s stock had a trading volume of 12,421,238 shares, compared to its average volume of 6,710,180. 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 company’s 50 day moving average is $1.22 and its two-hundred day moving average is $2.66. The stock has a market cap of $188.75 million, a PE ratio of -0.31 and a beta of 0.92. Canopy Growth has a fifty-two week low of $0.77 and a fifty-two week high of $14.92.

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.

NASDAQ INDV traded down $0.05 on Friday, reaching $9.01. 1,484,689 shares of the company were exchanged, compared to its average volume of 948,234. Indivior has a fifty-two week low of $7.33 and a fifty-two week high of $19.13. The stock has a market capitalization of $1.24 billion, a P/E ratio of -25.74 and a beta of 0.93. The business’s fifty day moving average price is $9.50 and its 200 day moving average price is $10.33.

Innovative Industrial Properties (IIPR)

Shares of IIPR stock traded up $0.54 on Friday, hitting $51.50. 194,685 shares of the stock traded hands, compared to its average volume of 271,093. The company has a debt-to-equity ratio of 0.16, a quick ratio of 11.53 and a current ratio of 14.32. Innovative Industrial Properties has a twelve month low of $45.44 and a twelve month high of $138.35. The firm’s 50-day moving average price is $63.72 and its two-hundred day moving average price is $85.90. The stock has a market capitalization of $1.46 billion, a PE ratio of 9.31 and a beta of 1.59.

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 stock traded down $0.02 during trading on Friday, reaching $51.78. 179,753 shares of the stock were exchanged, compared to its average volume of 211,996. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 11.58 and a beta of 1.22. The business has a 50 day moving average price of $60.42 and a 200-day moving average price of $63.78. Gibraltar Industries has a 1 year low of $48.96 and a 1 year high of $81.90.