Verano Holdings Corp. (OTCMKTS:VRNOF – Get Free Report)’s share price fell 4.3% during trading on Monday . The company traded as low as $3.99 and last traded at $4.01. 121,860 shares changed hands during trading, a decline of 75% from the average session volume of 480,361 shares. The stock had previously closed at $4.19.
Wall Street Analysts Forecast Growth
Separately, Needham & Company LLC restated a “buy” rating and set a $7.00 price objective on shares of Verano in a research report on Wednesday, May 8th.
Verano Price Performance
The stock’s fifty day moving average price is $5.15 and its 200-day moving average price is $5.06. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.61 and a current ratio of 1.01. The firm has a market cap of $1.38 billion, a PE ratio of -12.53 and a beta of 1.49.
Verano (OTCMKTS:VRNOF – Get Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.07. The firm had revenue of $221.31 million for the quarter, compared to analysts’ expectations of $215.71 million. Verano had a negative net margin of 12.11% and a negative return on equity of 4.28%. As a group, equities analysts forecast that Verano Holdings Corp. will post -0.14 EPS for the current fiscal year.
About Verano
Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. The company engages in the cultivation, processing, wholesale, and retail distribution of cannabis in Arizona, Arkansas, Connecticut, Florida, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, Ohio, Pennsylvania, and West Virginia.