Previous close | 113.71 |
Open | 114.09 |
Bid | 112.00 x 1100 |
Ask | 122.64 x 800 |
Day's range | 113.71 - 120.08 |
52-week range | 107.52 - 288.02 |
Volume | |
Avg. volume | 367,454 |
Market cap | 3.338B |
Beta (5Y monthly) | 1.79 |
PE ratio (TTM) | 24.70 |
EPS (TTM) | 4.83 |
Earnings date | 02 Aug 2022 - 08 Aug 2022 |
Forward dividend & yield | 7.00 (6.46%) |
Ex-dividend date | 29 Jun 2022 |
1y target est | 227.00 |
The S&P 500 index has dipped 21% so far this year. This is why I think panicking over the recent stock market crash is missing the forest for the trees. There are many stocks that have performed even better than the S&P 500.
If you're planning on investing in cannabis stocks, it's important to take the long view. As we've seen this year, most cannabis companies have seen their shares take a hit, though cannabis stocks are hardly alone in that. The real payoff, though, is down the line as more U.S. states gradually open to medical and adult-use cannabis sales, and eventually, federal decriminalization of cannabis happens.
Since hitting their respective all-time highs, the widely followed Dow Jones Industrial Average, broad-based S&P 500, and tech-driven Nasdaq Composite have tumbled as much as 18%, 23%, and 33%. Although bear markets can tug on investors' emotions and test their resolve, they're historically the ideal time to put your money to work. Over time, every notable crash, correction, and bear market has eventually been wiped away by a bull market.