Brokers Set Expectations for Ascend Wellness Holdings, Inc.’s Q2 2024 Earnings (OTC:AAWH)

Ascend Wellness Holdings, Inc. (OTC:AAWH) – Equities research analysts at Seaport Res Ptn dropped their Q2 2024 earnings per share estimates for shares of Ascend Wellness in a research report issued on Tuesday, July 23rd. Seaport Res Ptn analyst S. Randhawa now anticipates that the company will post earnings per share of ($0.10) for the quarter, down from their prior forecast of ($0.06). The consensus estimate for Ascend Wellness’ current full-year earnings is ($0.24) per share. Seaport Res Ptn also issued estimates for Ascend Wellness’ Q3 2024 earnings at ($0.09) EPS, Q4 2024 earnings at ($0.08) EPS, FY2024 earnings at ($0.36) EPS and FY2025 earnings at ($0.32) EPS.

AAWH has been the topic of a number of other research reports. Needham & Company LLC reiterated a “hold” rating on shares of Ascend Wellness in a research note on Tuesday, May 7th. Ventum Cap Mkts upgraded shares of Ascend Wellness to a “strong-buy” rating in a research report on Tuesday, July 16th.

Ascend Wellness Stock Up 2.9 %

OTC AAWH opened at $1.07 on Friday. Ascend Wellness has a twelve month low of $0.46 and a twelve month high of $1.82. The stock has a market cap of $227.62 million, a PE ratio of -4.65 and a beta of 1.73. The firm has a 50-day simple moving average of $0.95 and a 200 day simple moving average of $1.22. The company has a debt-to-equity ratio of 2.13, a quick ratio of 1.21 and a current ratio of 2.24.

About Ascend Wellness

Ascend Wellness Holdings, Inc engages in the cultivation, manufacture, and distribution of cannabis consumer packaged goods in the United States. The company offers flower, pre-rolls, concentrates, vapes, edibles, tinctures, and other cannabis-related products under the Common Goods, SimplyHerb, Ozone, Ozone Reserve, Royale, Tunnel Vision, Miss Grass, Lowell Smokes, Edie Parker, 1906, and AiroPro brands.