Verano (OTCMKTS:VRNOF) Stock Price Down 0.3% – What’s Next?

Verano Holdings Corp. (OTCMKTS:VRNOF)’s share price was down 0.3% on Tuesday . The stock traded as low as $1.14 and last traded at $1.19. Approximately 200,755 shares changed hands during trading, a decline of 40% from the average daily volume of 337,032 shares. The stock had previously closed at $1.19.

Wall Street Analysts Forecast Growth

Separately, Roth Capital raised shares of Verano to a “strong-buy” rating in a research note on Sunday, November 10th.

Verano Price Performance

The stock has a market capitalization of $425.47 million, a P/E ratio of -2.89 and a beta of 0.89. The company’s 50-day simple moving average is $1.43 and its 200-day simple moving average is $2.79. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.99 and a quick ratio of 0.52.

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