Jushi (OTCMKTS:JUSHF) Trading Up 1.8% – Should You Buy?

Shares of Jushi Holdings Inc. (OTCMKTS:JUSHF) were up 1.8% during trading on Tuesday . The stock traded as high as $0.51 and last traded at $0.51. Approximately 172,962 shares changed hands during trading, a decline of 35% from the average daily volume of 265,321 shares. The stock had previously closed at $0.50.

Analysts Set New Price Targets

Separately, Ventum Cap Mkts upgraded shares of Jushi to a “hold” rating in a research note on Thursday, August 8th.

Jushi Price Performance

The firm has a 50-day moving average price of $0.54 and a two-hundred day moving average price of $0.60. The firm has a market capitalization of $100.08 million, a P/E ratio of -1.41 and a beta of -1.07.

Jushi (OTCMKTS:JUSHF) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.01) EPS for the quarter, topping the consensus estimate of ($0.06) by $0.05. Jushi had a negative return on equity of 5,529.11% and a negative net margin of 22.39%. The firm had revenue of $64.60 million during the quarter, compared to analyst estimates of $67.15 million. Sell-side analysts predict that Jushi Holdings Inc. will post -0.18 earnings per share for the current fiscal year.

About Jushi

Jushi Holdings Inc, a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of medical and adult-use products. It focuses on building a portfolio of cannabis assets in various jurisdictions in Pennsylvania, Virginia, Ohio, Illinois, California, Nevada, and Massachusetts.