CNBS Stock Summary and Trading Ideas (Amplify Seymour Cannabis ETF | ARCA:CNBS)

CNBS is an ETF investing in the fast-developing global cannabis industry. The Fund is managed by Tim Seymour, a recognized voice and experienced investor in the cannabis space. The Fund is an actively managed ETF that seeks to provide investment exposure to global companies principally engaged in the emerging cannabis and hemp ecosystem across one of three classifications, which includes: Cannabis/Hemp Plant (Pharmaceuticals/Biotechnology, Cultivation & Retail, Hemp Products and Cannabis-Infused Products), Support (Agricultural Technology, Real Estate and Commercial Services), Ancillary (Consumption Devices/Mechanisms, Investing & Finance, Technology & Media and Other Ancillary).

Amplify Seymour Cannabis ETF trades on the ARCA stock market under the symbol CNBS.

As of April 23, 2024, CNBS stock price climbed to $5.12 with 43,742 million shares trading.

CNBS has a beta of 1.65, meaning it tends to be more sensitive to market movements. CNBS has a correlation of 0.16 to the broad based SPY ETF.

CNBS has a market cap of $33.02 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, CNBS stock traded as high as $27.54 and as low as $3.38.

CNBS has outperformed the market in the last year with a return of +32.4%, while the SPY ETF gained +24.3%. In the last 3 month period, CNBS beat the market returning +6.2%, while SPY returned +4.9%. However, in the most recent 2 weeks CNBS has underperformed the stock market by returning -13.8%, while SPY returned -2.5%.

CNBS support price is $4.80 and resistance is $5.22 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CNBS stock will trade within this expected range on the day.