Verano (OTCMKTS:VRNOF) Trading Down 0.8% – Here’s What Happened

by · The Cerbat Gem

Verano Holdings Corp. (OTCMKTS:VRNOF – Get Free Report)’s stock price was down 0.8% on Monday . The stock traded as low as $1.20 and last traded at $1.25. Approximately 718,982 shares traded hands during mid-day trading, an increase of 52% from the average daily volume of 473,387 shares. The stock had previously closed at $1.26.

Wall Street Analysts Forecast Growth

Separately, Roth Capital upgraded Verano to a “strong-buy” rating in a research report on Sunday, November 10th.

Read Our Latest Stock Analysis on VRNOF

Verano Price Performance

The business’s fifty day moving average price is $2.08 and its 200-day moving average price is $3.04. The company has a market capitalization of $459.20 million, a P/E ratio of -3.12 and a beta of 0.88. The company has a current ratio of 0.99, a quick ratio of 0.52 and a debt-to-equity ratio of 0.39.

Verano (OTCMKTS:VRNOF – Get Free Report) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.09). The firm had revenue of $216.68 million for the quarter, compared to the consensus estimate of $226.64 million. Verano had a negative return on equity of 7.48% and a negative net margin of 16.31%. As a group, sell-side analysts predict that Verano Holdings Corp. will post -0.18 earnings per share for the current fiscal year.

Verano Company Profile

(Get Free Report)

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.

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