Top Cannabis Stocks To Watch Now – March 6th

Turning Point Brands, Tilray, Gibraltar Industries, Indivior, and Innovative Industrial Properties are the five Cannabis stocks to watch today, according to MarketBeat’s stock screener tool. Cannabis stocks are shares of companies that cultivate, produce, distribute, or sell cannabis and cannabis-related products in legal markets. These stocks provide investors exposure to the legal cannabis industry, which is subject to evolving regulatory environments and market dynamics. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

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 TPB stock traded down $2.26 during trading hours on Thursday, reaching $64.76. The company had a trading volume of 209,966 shares, compared to its average volume of 142,192. Turning Point Brands has a 12-month low of $26.14 and a 12-month high of $72.54. The company has a market capitalization of $1.15 billion, a price-to-earnings ratio of 25.68 and a beta of 0.74. The company has a debt-to-equity ratio of 1.33, a quick ratio of 1.78 and a current ratio of 4.21. The stock has a fifty day moving average of $62.82 and a 200-day moving average of $53.72.

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 stock traded down $0.04 during trading on Thursday, hitting $0.68. 13,790,699 shares of the stock traded hands, compared to its average volume of 45,297,367. Tilray has a 52-week low of $0.64 and a 52-week high of $2.97. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.54 and a quick ratio of 1.58. The firm’s fifty day moving average price is $1.08 and its 200-day moving average price is $1.40. The firm has a market capitalization of $634.79 million, a P/E ratio of -2.26 and a beta of 2.13.

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 NASDAQ:ROCK traded up $0.75 on Thursday, hitting $66.31. 83,273 shares of the company’s stock were exchanged, compared to its average volume of 234,661. The firm’s 50-day moving average is $61.23 and its 200 day moving average is $66.00. The company has a market capitalization of $2.01 billion, a PE ratio of 14.83 and a beta of 1.20. Gibraltar Industries has a 1-year low of $55.31 and a 1-year high of $81.90.

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.

INDV traded down $0.14 on Thursday, reaching $9.88. The company had a trading volume of 547,654 shares, compared to its average volume of 572,571. Indivior has a 1 year low of $7.33 and a 1 year high of $22.53. The stock has a market capitalization of $1.36 billion, a PE ratio of -28.31 and a beta of 0.73. The stock has a 50-day moving average price of $11.02 and a 200-day moving average price of $10.63.

Innovative Industrial Properties (IIPR)

Shares of Innovative Industrial Properties stock traded down $0.10 on Thursday, hitting $72.33. The stock had a trading volume of 66,244 shares, compared to its average volume of 232,987. The company’s 50 day moving average price is $70.10 and its 200 day moving average price is $101.86. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of 13.07 and a beta of 1.49. 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 52-week low of $62.45 and a 52-week high of $138.35.