Jushi (OTCMKTS:JUSHF) Stock Price Up 2% – Here’s Why

Jushi Holdings Inc. (OTCMKTS:JUSHF) shot up 2% on Wednesday . The company traded as high as $0.53 and last traded at $0.48. 182,697 shares were traded during mid-day trading, a decline of 29% from the average session volume of 257,055 shares. The stock had previously closed at $0.47.

Wall Street Analyst Weigh In

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

Jushi Stock Up 2.0 %

The stock has a 50-day moving average price of $0.52 and a 200 day moving average price of $0.58. The firm has a market capitalization of $94.27 million, a price-to-earnings ratio of -1.33 and a beta of -1.07.

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

Jushi Company Profile

Jushi Holdings Inc, a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of cannabis for medical and adult-use markets. The company offers flower, extracts, concentrates, edibles, oil, pre-rolls, tinctures, capsules, softgels, cannabis-infused gummies and ultra-premium chocolate, and topicals products, as well as vaporization devices and cartridges under The Bank, The Lab, Nira+ Medicinals, Sèchè, Tasteology, and Hijinks brands.