Verano (OTCMKTS:VRNOF) Shares Up 2% – What’s Next?

Shares of Verano Holdings Corp. (OTCMKTS:VRNOF) shot up 2% on Thursday . The company traded as high as $3.37 and last traded at $3.36. 240,976 shares were traded during trading, a decline of 40% from the average session volume of 398,792 shares. The stock had previously closed at $3.29.

Wall Street Analyst Weigh In

Separately, Ventum Cap Mkts upgraded Verano to a “strong-buy” rating in a report on Tuesday, July 30th.

Verano Price Performance

The firm has a market capitalization of $1.18 billion, a P/E ratio of -10.63 and a beta of 1.22. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.52 and a current ratio of 0.99. The firm has a 50-day moving average of $3.43 and a 200-day moving average of $4.03.

Verano (OTCMKTS:VRNOF) last released its quarterly earnings results on Wednesday, August 7th. The company reported ($0.05) earnings per share for the quarter, meeting the consensus estimate of ($0.05). The firm had revenue of $222.39 million for the quarter, compared to analysts’ expectations of $224.23 million. Verano had a negative return on equity of 4.87% and a negative net margin of 13.21%. As a group, analysts predict that Verano Holdings Corp. will post -0.16 EPS 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.