Verano (OTCMKTS:VRNOF) Hits New 1-Year Low – Here’s Why

Verano Holdings Corp. (OTCMKTS:VRNOF)’s share price hit a new 52-week low during trading on Monday . The stock traded as low as $1.36 and last traded at $1.43, with a volume of 449900 shares. The stock had previously closed at $1.41.

Wall Street Analysts Forecast Growth

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

Verano Trading Up 1.4 %

The firm has a 50 day moving average of $2.76 and a 200 day moving average of $3.40. The firm has a market cap of $511.29 million, a PE ratio of -3.44 and a beta of 1.21. The company has a quick ratio of 0.52, a current ratio of 0.99 and a debt-to-equity ratio of 0.39.

Verano (OTCMKTS:VRNOF) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.03) by ($0.09). Verano had a negative return on equity of 7.48% and a negative net margin of 16.31%. The firm had revenue of $216.68 million for the quarter, compared to the consensus estimate of $226.64 million. Equities analysts anticipate that Verano Holdings Corp. will post -0.18 earnings per share for the current 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.