Cannabis Stocks To Watch Today – February 06th

Aurora Cannabis, Canopy Growth, Tilray, Gibraltar Industries, and Turning Point Brands are the five Cannabis stocks to watch today, according to MarketBeat’s stock screener tool. Cannabis stocks refer to publicly traded companies that are involved in the cultivation, production, or distribution of cannabis and related products. These stocks can include companies that grow and sell marijuana for medical or recreational purposes, as well as those involved in the development of cannabis-derived products such as CBD. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

Aurora Cannabis (ACB)

Aurora Cannabis Inc., together with its subsidiaries, produces, distributes, and sells cannabis and cannabis-derivative products in Canada and internationally. It operates through three segments: Canadian Cannabis, European Cannabis, and Plant Propagation. The company produces, distributes, and sells medical and consumer cannabis products in Canada.

NASDAQ:ACB traded up $0.90 during mid-day trading on Thursday, hitting $6.27. 14,434,368 shares of the company traded hands, compared to its average volume of 4,142,518. Aurora Cannabis has a one year low of $2.84 and a one year high of $9.35. The company has a quick ratio of 1.88, a current ratio of 3.83 and a debt-to-equity ratio of 0.07. The firm has a market cap of $344.19 million, a price-to-earnings ratio of -8.26 and a beta of 1.85. The stock’s fifty day moving average price is $4.21 and its 200-day moving average price is $5.16.

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.

Shares of CGC stock traded up $0.13 on Thursday, hitting $2.66. 17,252,553 shares of the stock traded hands, compared to its average volume of 7,261,799. The firm has a market cap of $346.29 million, a price-to-earnings ratio of -0.54 and a beta of 0.86. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.39 and a quick ratio of 1.07. The firm has a 50 day simple moving average of $2.76 and a two-hundred day simple moving average of $4.34. Canopy Growth has a 52 week low of $1.85 and a 52 week high of $14.92.

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 up $0.01 during mid-day trading on Thursday, hitting $1.08. The company had a trading volume of 33,391,039 shares, compared to its average volume of 46,024,059. The company has a market capitalization of $1.01 billion, a P/E ratio of -3.58 and a beta of 2.07. The stock’s 50 day moving average price is $1.25 and its 200-day moving average price is $1.54. The company has a debt-to-equity ratio of 0.10, a current ratio of 2.54 and a quick ratio of 1.58. Tilray has a 52-week low of $0.97 and a 52-week high of $2.97.

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.

NASDAQ:ROCK traded up $0.55 during trading hours on Thursday, reaching $60.53. The stock had a trading volume of 108,933 shares, compared to its average volume of 178,851. The stock has a market capitalization of $1.84 billion, a PE ratio of 16.81 and a beta of 1.20. Gibraltar Industries has a 52 week low of $55.31 and a 52 week high of $87.40. The company has a 50 day moving average price of $63.00 and a two-hundred day moving average price of $67.13.

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 up $3.52 during trading hours on Thursday, hitting $65.28. The company’s stock had a trading volume of 90,284 shares, compared to its average volume of 185,225. Turning Point Brands has a 12 month low of $21.98 and a 12 month high of $66.18. The company has a current ratio of 4.21, a quick ratio of 1.78 and a debt-to-equity ratio of 1.33. The business’s 50-day moving average price is $59.75 and its 200-day moving average price is $49.24. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 25.90 and a beta of 0.65.