Green Thumb Industries (OTCMKTS:GTBIF) Hits New 52-Week Low at $7.82

Green Thumb Industries Inc. (OTCMKTS:GTBIFGet Rating) shares reached a new 52-week low during mid-day trading on Thursday . The stock traded as low as $7.82 and last traded at $8.00, with a volume of 393204 shares trading hands. The stock had previously closed at $8.20.

Several equities analysts have issued reports on GTBIF shares. Craig Hallum lowered their target price on shares of Green Thumb Industries from $35.00 to $25.00 in a research note on Thursday, May 5th. Echelon Wealth Partners reiterated a “buy” rating on shares of Green Thumb Industries in a research note on Thursday, May 5th. Alliance Global Partners lowered their price objective on shares of Green Thumb Industries from C$40.00 to C$38.00 in a research note on Thursday, May 5th. Finally, Needham & Company LLC lowered their price objective on shares of Green Thumb Industries from $33.00 to $26.00 in a research note on Thursday, May 5th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $48.27.

The company’s fifty day moving average is $11.34 and its 200-day moving average is $16.18. The company has a market capitalization of $1.88 billion and a PE ratio of 19.93.

Green Thumb Industries (OTCMKTS:GTBIFGet Rating) last released its earnings results on Wednesday, May 4th. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.03. The company had revenue of $242.60 million during the quarter, compared to analyst estimates of $231.20 million. Green Thumb Industries had a return on equity of 6.32% and a net margin of 9.98%. On average, analysts expect that Green Thumb Industries Inc. will post 0.36 earnings per share for the current fiscal year.

Green Thumb Industries Company Profile (OTCMKTS:GTBIF)

Green Thumb Industries Inc engages in manufacture, distribution, and sale of various cannabis products for medical and adult-use in the United States. It offers cannabis flower; and processed and packaged products, including pre-rolls, concentrates, vapes, tinctures, edibles, topicals, and other cannabis-related products under the Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RHYTHM brands.

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