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3 Cannabis Stocks to go HigherThis summary was created by AI, based on 1 opinions in the last 12 months.
Green Thumb Industries (GTII) has been facing significant challenges in the current market environment, as reflected in its declining stock momentum and considerable drop in stock price throughout January. Analysts point to continued negative trends, with debt issues and an anticipated decline in earnings per share (EPS) compared to 2021. Though there are signs of insider buying, which can be interpreted as a positive signal, overall sentiment about GTII remains cautious due to the ongoing struggles within the cannabis sector. The prospect of beneficial US legislation is highlighted as a potential catalyst for improvement, but its implementation appears to be distant. As a result, investor interest in GTII seems limited at this time.
Low interest in cannabis sector indicator on potential for investment returns going forward. Expanding across USA and Canada. Healthy balance sheet with good amount of cash. Regulation expected for cannabis which will help business.
Green Thumb Industries is a OTC stock, trading under the symbol GTII-CSE on the (). It is usually referred to as or GTII-CSE
In the last year, 1 stock analyst published opinions about GTII-CSE. 0 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Green Thumb Industries.
Green Thumb Industries was recommended as a Top Pick by on . Read the latest stock experts ratings for Green Thumb Industries.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
1 stock analyst on Stockchase covered Green Thumb Industries In the last year. It is a trending stock that is worth watching.
On , Green Thumb Industries (GTII-CSE) stock closed at a price of $.
With continued negative stock momentum, some debt, and not a lot of growth expected (estimated EPS this year less than 2021) it is hard to get too excited about GTII. There has been some insider buying which is a good sign, but the sector continues to struggle and the stock is down another 14% in January alone. US legislation would certainly help but seems a long time coming. We would not have a lot of interest here.
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