Top Cannabis Stocks To Watch Today – July 29th

Incannex Healthcare, Tilray Brands, Indivior, Gibraltar Industries, Canopy Growth, Turning Point Brands, and Innovative Industrial Properties are the seven Cannabis stocks to watch today, according to MarketBeat’s stock screener tool. Cannabis stocks are shares of publicly traded companies involved in the cultivation, processing, distribution or retail sale of cannabis and related products. Investing in these stocks gives exposure to the legal marijuana market—which includes both medical and recreational segments—but also carries sector-specific risks such as shifting regulations, banking restrictions and market volatility. These companies had the highest dollar trading volume of any Cannabis stocks within the last several days.

Incannex Healthcare (IXHL)

Incannex Healthcare Inc., a clinical stage pharmaceutical development company, engages in the research, development, and sale of medicinal cannabinoid and psychedelic pharmaceutical products and therapies. It develops products for the treatment of obstructive sleep apnoea (OSA), traumatic brain injury (TBI) and concussion, lung inflammation (ARDS, COPD, asthma, bronchitis), rheumatoid arthritis, inflammatory bowel disease, anxiety disorders, addiction disorders, pain, and other indications.

Shares of IXHL stock traded down $0.19 during trading on Tuesday, reaching $1.01. The company had a trading volume of 60,246,009 shares, compared to its average volume of 49,338,699. The firm’s 50 day simple moving average is $0.34 and its two-hundred day simple moving average is $0.79. Incannex Healthcare has a one year low of $0.08 and a one year high of $3.12. The company has a market capitalization of $29.58 million, a PE ratio of -0.85 and a beta of 7.47.

Tilray Brands (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 $0.10 during midday trading on Tuesday, hitting $0.60. The company had a trading volume of 47,592,452 shares, compared to its average volume of 35,775,422. The firm has a fifty day simple moving average of $0.49 and a two-hundred day simple moving average of $0.64. Tilray Brands has a fifty-two week low of $0.35 and a fifty-two week high of $2.15. The company has a quick ratio of 1.61, a current ratio of 2.62 and a debt-to-equity ratio of 0.12. The stock has a market cap of $601.89 million, a price-to-earnings ratio of -0.57 and a beta of 1.82.

Indivior (INDV)

Indivior PLC, together with its subsidiaries, engages in the development, manufacture, and sale of buprenorphine-based prescription drugs for the treatment of opioid dependence and co-occurring disorders in the United States, the United Kingdom, and internationally. The company develops medicines to treat substance use disorders, serious mental illnesses, and opioid overdose.

INDV stock traded up $0.12 during trading on Tuesday, reaching $17.21. 678,405 shares of the stock were exchanged, compared to its average volume of 1,480,144. Indivior has a twelve month low of $7.33 and a twelve month high of $17.41. The stock has a 50 day simple moving average of $14.23 and a 200-day simple moving average of $11.69.

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 $0.38 during trading on Tuesday, hitting $66.22. The company had a trading volume of 162,759 shares, compared to its average volume of 265,923. The company has a fifty day moving average price of $60.81 and a two-hundred day moving average price of $60.10. Gibraltar Industries has a fifty-two week low of $48.96 and a fifty-two week high of $81.03. The company has a market cap of $1.95 billion, a P/E ratio of 15.22 and a beta of 1.32.

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 $0.08 during trading hours on Tuesday, reaching $1.02. 8,269,153 shares of the company’s stock were exchanged, compared to its average volume of 8,270,817. The firm has a fifty day moving average of $1.35 and a 200-day moving average of $1.43. Canopy Growth has a one year low of $0.77 and a one year high of $8.04. The stock has a market cap of $208.22 million, a PE ratio of -0.25 and a beta of 0.73. The company has a current ratio of 3.12, a quick ratio of 2.10 and a debt-to-equity ratio of 0.62.

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.

Turning Point Brands stock traded up $1.27 on Tuesday, reaching $79.19. The company’s stock had a trading volume of 57,992 shares, compared to its average volume of 246,601. The business’s fifty day moving average price is $74.96 and its 200 day moving average price is $66.78. The company has a debt-to-equity ratio of 1.44, a quick ratio of 2.64 and a current ratio of 4.42. The company has a market cap of $1.42 billion, a price-to-earnings ratio of 34.73 and a beta of 0.75. Turning Point Brands has a twelve month low of $34.78 and a twelve month high of $81.25.

Innovative Industrial Properties (IIPR)

Shares of Innovative Industrial Properties stock traded up $0.68 during trading on Tuesday, reaching $53.85. The company’s stock had a trading volume of 84,396 shares, compared to its average volume of 315,991. The stock has a 50-day moving average price of $55.80 and a two-hundred day moving average price of $60.51. The stock has a market capitalization of $1.51 billion, a P/E ratio of 10.34 and a beta of 1.69. The company has a current ratio of 10.73, a quick ratio of 10.73 and a debt-to-equity ratio of 0.15. Innovative Industrial Properties has a one year low of $45.44 and a one year high of $138.35.