Green Thumb Industries (OTCMKTS:GTBIF) Stock Price Up 5.5%

Green Thumb Industries Inc. (OTCMKTS:GTBIF)’s share price traded up 5.5% on Monday . The stock traded as high as $12.59 and last traded at $12.55. 342,053 shares traded hands during mid-day trading, a decline of 38% from the average session volume of 550,913 shares. The stock had previously closed at $11.90.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the stock. Wedbush lifted their target price on shares of Green Thumb Industries from $15.00 to $16.00 and gave the stock an “outperform” rating in a research report on Friday, May 10th. Needham & Company LLC lifted their target price on shares of Green Thumb Industries from $15.50 to $17.00 and gave the company a “buy” rating in a research note on Thursday, May 9th.

Green Thumb Industries Price Performance

The stock’s 50 day moving average price is $12.26 and its two-hundred day moving average price is $12.49. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 52.29 and a beta of 1.41.

Green Thumb Industries (OTCMKTS:GTBIF) last released its earnings results on Wednesday, May 8th. The company reported $0.13 EPS for the quarter, beating the consensus estimate of $0.06 by $0.07. The firm had revenue of $275.81 million during the quarter, compared to analysts’ expectations of $271.03 million. Green Thumb Industries had a net margin of 5.38% and a return on equity of 3.39%. As a group, equities research analysts anticipate that Green Thumb Industries Inc. will post 0.31 EPS for the current fiscal year.

About Green Thumb Industries

Green Thumb Industries Inc manufactures, distributes, markets, and sells of cannabis products for medical and adult-use in the United States. It operates through two segments, Retail and Consumer Packaged Goods. The company offers cannabis flower; processed and packaged products, including pre-rolls, concentrates, vapes, capsules, tinctures, edibles, topicals, and other cannabis-related products under the &Shine, Beboe, Dogwalkers, Doctor Solomon's, Good Green, incredibles, and RHYTHM brands.