Ascend Wellness (OTC:AAWH) Issues Quarterly Earnings Results, Misses Expectations By $0.03 EPS

Posted by Maddie Sorensen on Nov 14th, 2024

Ascend Wellness (OTC:AAWH – Get Free Report) released its quarterly earnings data on Tuesday. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.10) by ($0.03), Zacks reports. The company had revenue of $141.65 million during the quarter, compared to analysts’ expectations of $144.13 million. Ascend Wellness had a negative net margin of 15.47% and a negative return on equity of 66.28%.

Ascend Wellness Price Performance

AAWH stock opened at $0.56 on Thursday. The firm has a market cap of $120.02 million, a P/E ratio of -1.37 and a beta of 1.69. The company has a debt-to-equity ratio of 2.46, a quick ratio of 1.29 and a current ratio of 2.29. Ascend Wellness has a 1 year low of $0.45 and a 1 year high of $1.82. The stock has a 50-day simple moving average of $0.84 and a 200-day simple moving average of $0.96.

Ascend Wellness Company Profile

(Get Free Report)

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.