Best Cannabis Stocks To Follow Today – March 4th

Tilray, Innovative Industrial Properties, and Gibraltar Industries are the three Cannabis stocks to watch today, according to MarketBeat’s stock screener tool. Cannabis stocks are shares of companies that are involved in the cultivation, production, and distribution of cannabis and related products. These stocks are traded on public markets and are influenced by regulatory changes, market demand, and the evolving legal landscape surrounding cannabis. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

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 Tuesday, hitting $0.69. The company had a trading volume of 19,537,748 shares, compared to its average volume of 45,620,559. Tilray has a 52 week low of $0.64 and a 52 week high of $2.97. The company has a market cap of $642.29 million, a P/E ratio of -2.28 and a beta of 2.13. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.58 and a current ratio of 2.54. The business’s 50-day moving average is $1.11 and its 200 day moving average is $1.41.

Innovative Industrial Properties (IIPR)

Innovative Industrial Properties stock traded up $1.31 during mid-day trading on Tuesday, hitting $71.25. The company’s stock had a trading volume of 144,814 shares, compared to its average volume of 290,831. The firm’s 50 day moving average is $70.04 and its 200 day moving average is $102.40. The company has a debt-to-equity ratio of 0.16, a current ratio of 14.32 and a quick ratio of 11.53. Innovative Industrial Properties has a 52-week low of $62.45 and a 52-week high of $138.35. The company has a market cap of $2.02 billion, a PE ratio of 12.85 and a beta of 1.40.

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 up $0.29 during midday trading on Tuesday, hitting $65.08. 145,418 shares of the company traded hands, compared to its average volume of 226,648. The business has a 50 day simple moving average of $61.03 and a 200-day simple moving average of $66.00. Gibraltar Industries has a twelve month low of $55.31 and a twelve month high of $81.90. The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 14.56 and a beta of 1.20.