Tilray, Aurora Cannabis, and Canopy Growth are the three Cannabis stocks to watch today, according to MarketBeat's stock screener tool. Cannabis stocks refer to publicly traded companies that are involved in the production, distribution, or sale of marijuana-related products. These stocks allow investors to participate in the growing cannabis industry through buying and selling shares of these companies on stock exchanges. 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.
NASDAQ TLRY traded down $0.06 on Friday, hitting $1.00. 66,104,744 shares of the company's stock were exchanged, compared to its average volume of 44,451,032. The stock has a 50-day moving average of $1.24 and a 200-day moving average of $1.53. Tilray has a 52 week low of $0.97 and a 52 week high of $2.97. The company has a quick ratio of 1.58, a current ratio of 2.54 and a debt-to-equity ratio of 0.10.
Read Our Latest Research Report on TLRY
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.
Shares of Aurora Cannabis stock traded down $0.22 during trading on Friday, reaching $6.03. 8,729,844 shares of the company's stock were exchanged, compared to its average volume of 5,163,835. The firm's 50-day moving average price is $4.27 and its 200 day moving average price is $5.16. The company has a market cap of $330.81 million, a P/E ratio of 120.62 and a beta of 1.84. The company has a debt-to-equity ratio of 0.07, a quick ratio of 1.88 and a current ratio of 3.30. Aurora Cannabis has a 1-year low of $2.84 and a 1-year high of $9.35.
Read Our Latest Research Report on ACB
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.
NASDAQ CGC traded down $0.76 during trading on Friday, hitting $2.02. 22,890,203 shares of the company's stock were exchanged, compared to its average volume of 7,716,115. The company has a quick ratio of 1.07, a current ratio of 1.39 and a debt-to-equity ratio of 0.82. Canopy Growth has a fifty-two week low of $1.85 and a fifty-two week high of $14.92. The stock's 50 day moving average price is $2.70 and its two-hundred day moving average price is $4.26.
Read Our Latest Research Report on CGC
Further Reading
Before you consider Tilray, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Tilray wasn't on the list.
While Tilray currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
