Best Cannabis Stocks To Research – March 23rd

Innovative Industrial Properties, Gibraltar Industries, and Tilray are the three Cannabis stocks to watch today, according to MarketBeat’s stock screener tool. Cannabis stocks are shares in companies involved in the cultivation, production, distribution, or sale of cannabis products, including those used for medicinal or recreational purposes. Their value on public markets is influenced by factors such as regulatory changes, market demand, and the overall growth prospects of the cannabis industry. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

Innovative Industrial Properties (IIPR)

Shares of NYSE:IIPR traded up $0.06 during midday trading on Friday, reaching $63.44. 1,322,645 shares of the company’s stock traded hands, compared to its average volume of 244,026. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 11.47 and a beta of 1.49. 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 one year low of $61.72 and a one year high of $138.35. The stock has a 50 day moving average of $70.42 and a 200 day moving average of $97.28.

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 $3.25 during trading on Friday, reaching $60.89. The stock had a trading volume of 1,243,925 shares, compared to its average volume of 186,672. The stock’s 50 day moving average is $62.71 and its two-hundred day moving average is $65.77. The firm has a market cap of $1.85 billion, a PE ratio of 13.62 and a beta of 1.20. Gibraltar Industries has a 52 week low of $55.31 and a 52 week high of $81.90.

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 NASDAQ:TLRY traded up $0.00 during trading on Friday, hitting $0.65. 34,340,299 shares of the company’s stock were exchanged, compared to its average volume of 31,094,925. The company has a market cap of $609.48 million, a price-to-earnings ratio of -2.17 and a beta of 2.13. The business’s 50-day simple moving average is $0.91 and its 200 day simple moving average is $1.30. 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 $0.58 and a 52-week high of $2.97.