Planet 13 Holdings Inc. (CNSX: PLTH, OTCMKTS: PLNHF) is thriving in the midst of an orderly queue to the marijuana sector of the stock market. Influenced partly by the now-infamous subreddit community WallStreetBets, the marijuana race is putting companies like Planet 13 on a pedestal. Article continues below advertisement
Full Answer
Why is Planet 13’s market cap rising?
Influenced partly by the now-infamous subreddit community WallStreetBets, the marijuana race is putting companies like Planet 13 on a pedestal. The recent rise in Planet 13's market cap isn't necessarily indicative of a long-term swell.
Should you buy Planet 13 stock?
The consensus among Wall Street research analysts is that investors should "buy" Planet 13 stock. View analyst ratings for Planet 13 or view top-rated stocks. How has Planet 13's stock price been impacted by COVID-19 (Coronavirus)?
What is the upside for Planet 13 (PTR) stock?
Their forecasts range from $6.00 to $7.00. On average, they expect Planet 13's stock price to reach $6.50 in the next twelve months. This suggests a possible upside of 8.0% from the stock's current price. View analysts' price targets for Planet 13 or view top-rated stocks among Wall Street analysts.
Is planet 13 moving toward an uplisting?
In addition to moving toward an uplisting, Planet 13 has continued its measured growth plans. Co-CEO Robert Groesbeck detailed those plans, which include a location in Chicago and multiple stores in Florida.
Will Planet 13 stock go up?
Stock Price Forecast The 4 analysts offering 12-month price forecasts for Planet 13 Holdings Inc have a median target of 3.25, with a high estimate of 4.50 and a low estimate of 1.95. The median estimate represents a +116.92% increase from the last price of 1.50.
Is Planet 13 a good long term investment?
If you are looking for stocks with good return, Planet 13 Holdings Inc stock can be a bad, high-risk 1-year investment option. Planet 13 Holdings Inc real time quote is equal to 1.540 USD at 2022-06-04, but your current investment may be devalued in the future.
Is Planet 13 holdings a good buy?
But for those looking to get exposure to the cannabis space, Planet 13 offers some serious potential at an attractive price. Trading at a price-to-sales (P/S) ratio of 5, Planet 13 is the cheapest it has been since the summer of 2020.
Is Planet 13 a buy or sell?
Our rating for Planet 13 remains Buy and our price target at $4.50.
What is the price target for Planet 13?
Stock Price TargetsHigh$4.50Median$3.25Low$1.95Average$3.24Current Price$1.5600
Does Planet 13 pay dividends?
Does Planet 13 pay a dividend on its stock? Planet 13 does not pay a dividend at this time.
Is Planet 13 a Canadian company?
Planet 13 Holdings, Inc. is a cannabis company based in Nevada, United States.
Can I buy PLNHF on td ameritrade?
Shares of PLNHF can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Where to buy Planet 13 stock?
Shares of Planet 13 are listed on the Canadian Stock Exchange and also cross-listed on the U.S. over-the-counter (OTC) market. U.S. investors can purchase Planet 13 shares through international brokers as well as U.S. online and traditional brokers.
Are investors shorting Planet 13?
Planet 13 saw a increase in short interest in May. As of May 15th, there was short interest totaling 43,900 shares, an increase of 41.6% from the A...
When is Planet 13's next earnings date?
Planet 13 is scheduled to release its next quarterly earnings announcement on Wednesday, August 24th 2022. View our earnings forecast for Planet 13 .
How were Planet 13's earnings last quarter?
Planet 13 Holdings Inc. (OTCMKTS:PLNHF) announced its quarterly earnings results on Monday, March, 28th. The company reported ($0.04) earnings per...
Who are Planet 13's key executives?
Planet 13's management team includes the following people: Mr. Robert Allen Groesbeck , Co-CEO & Co-Chairman (Age 61, Pay $1.02M) Mr. Larry Norm...
Who are some of Planet 13's key competitors?
Some companies that are related to Planet 13 include Canadian Tire (CDNTF) , China Yongda Automobiles Services (CYYHF) , Papillon Resources (PIR...
What is Planet 13's stock symbol?
Planet 13 trades on the OTCMKTS under the ticker symbol "PLNHF."
How do I buy shares of Planet 13?
Shares of PLNHF can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBu...
What is Planet 13's stock price today?
One share of PLNHF stock can currently be purchased for approximately $1.49.
How many employees does Planet 13 have?
Planet 13 employs 575 workers across the globe.
When will Planet 13 release its earnings?
Planet 13 is scheduled to release its next quarterly earnings announcement on Monday, August 30th 2021. View our earnings forecast for Planet 13.
What is the ticker symbol for Planet 13?
Planet 13 trades on the OTCMKTS under the ticker symbol "PLNHF."
Where are Planet 13's headquarters?
Planet 13 is headquartered at 2548 West Desert Inn Road, Las Vegas, NV 89109.
What is Planet 13?
Planet 13 Holdings, Inc. engages in the manufacture and production of cannabis products. The firm operates the Planet 13 Superstore, which dispenses the Medizin and Planet 13 product lines. It also provides consultation, education and convenience services. The firm also operates Trece, a Mexican themed restaurant. The company was founded on April 26, 2002 and is headquartered in Las Vegas, NV.
Is Planet 13 a buy or sell company?
Planet 13 has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 1 buy rating, 1 hold rating, and no sell ratings.
Where is Planet 13 located?
The secret to Planet 13's success so far is its primary retail location near the Las Vegas Strip. In 2019, the store accounted for about 9% of Nevada's total cannabis sales, serving more than 1 million customers.
Is Planet 13 a good investment?
Overall, I think that Planet 13 is a good purchase for investors looking to add exposure to the cannabis industry to their portfolio. Its growth over the next year will look especially strong as a result of its economic recovery from the pandemic and the opening of a major new store, and there are no major roadblocks on the horizon as of yet.
How much revenue does Planet 13 have in 2019?
The first real quarter of Planet 13 Las Vegas in 2019 they had revenues of $13.8M which equals about $153,000 in daily revenue for the entire quarter. I’m just 2 short years Las Vegas store now put out $23.8M in the most recent quarter. So it definitely did take some time to ramp.
What is Planet 13?
3. planet 13 is a vertically integrated cannabis company. Business segments include cultivation &production, superstore, neighborhood store, wholesale, online delivery. superstore model is planet 13's core strength, but not the only strength. In Florida, 16 neighborhood stores in two years will generate huge cash flow for planet 13, and build the financial base and brand awareness for superstores in Miami, Orlando and Tampa.
What is the potential of P13?
The potential is who can be ready to capitalize on it when it comes. P13 is building out in anticipation of that coming. The investment isn’t based on who was there Saturday night. The play is who will be ready when legalization hits to become a market leader.
Is Planet 13 a stock?
1. planet 13 is OTC stock. price volatility is normal for this kind of stock. last year, stock price rise 7 times in 10 months from the lowest. this year stock price drop more than 50% in 6 months from the highest. today, the price rise 10% in first 30 minutes, and drop 10% in last 30 minutes. this price volatility is controlled by market sentiment, nothing about this company fundamental.
Can Planet 13 be acquired?
as a high growth company with plenty of cash, zero debt and positive net cash flow , it is almost impossible for planet 13 to be acquired by any other mj companies. on the contrary, planet 13 could acquire some small mso in future to expand it's business.
How to buy Planet 13 stock?
How to purchase Planet 13 stock on the OTC. First, find a broker (either a domestic broker that works globally or a local broker in your target country). Two examples of brokers who trade OTC include InteractiveBrokers and TradeStation. You're more likely to find a broker with a physical location (instead of an online brokerage or trading platform).
When did Planet 13 come out?
HaHa (marijuana gummies) Planet 13 debuted on the OTC in June 2018. Now that the stock has recovered from its post-offering volatility, let's just say—early investors are happy. Article continues below advertisement.
Where is Planet 13 headquartered?
This could change the game for Planet 13, which is headquartered in Nevada. Until then, Planet 13 will remain an international ...
Is Planet 13 a penny stock?
Like Robinhood, the WeBull platform does allow penny stocks (in this case, below $5.00 per share), but they still have to be listed on the NYSE or the Nasdaq Exchange. Because Planet 13 is an American company that's cross- listed on the CSE, it's less risky than traditional OTC stocks.
Is Planet 13 a cross listed company?
Because Planet 13 is an American company that's cross-listed on the CSE, it's less risky than traditional OTC stocks. Also, given the context in marijuana listing regulations, it makes sense.
Is Planet 13 a good investment?
Planet 13's recent surge started on Jan. 29. Since then, the holding company's share price has gone up 55.7 percent. Look from a wider lens and you'll see even bigger growth, up 420 percent in the 12 months ending Feb. 11 (you can't make this stuff up).
What is Planet 13?
LAS VEGAS, NV / ACCESSWIRE / May 19, 2021 / Planet 13 Holdings Inc. (CSE:PLTH) (OTCQB:PLNHF) ("Planet 13" or the "Company"), a leading vertically-integrated Nevada cannabis company announced today that it plans to release its financial results for the first quarter ended March 31st, 2021 on May 27th, 2021 aftermarket.
When will Planet 13 be open?
Planet 13’s California SuperStore to Launch with Tinley’s Beverages in July Planet 13’s “SuperStore” in Santa Ana, California is expected to open in July 2021, with Tinley’s products featured in the inaugural selection of cannabis-infused beverages.