Ascend Wellness (OTC:AAWH) Stock Price Up 32.7% - Here's What Happened

Key Points

• Ascend Wellness Holdings, Inc. saw its share price surge by 32.7%, reaching a last traded price of $0.69, significantly above its previous close of $0.52.
• Trading volume increased to 889,469 shares, marking a 617% rise from the average session volume of 123,972 shares.
• The company's market capitalization stands at $141.06 million, with a price-to-earnings ratio of -1.68 and a debt-to-equity ratio of 2.61.

Shares of Ascend Wellness Holdings, Inc. (OTC:AAWH - Get Free Report) rose 32.7% on Monday . The stock traded as high as $0.70 and last traded at $0.69. Approximately 889,469 shares were traded during trading, an increase of 617% from the average daily volume of 123,972 shares. The stock had previously closed at $0.52.

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Ascend Wellness to a "strong sell" rating in a research note on Tuesday.

Ascend Wellness Price Performance

The company has a debt-to-equity ratio of 2.61, a current ratio of 1.47 and a quick ratio of 0.80. The stock has a market cap of $134.85 million, a PE ratio of -1.61 and a beta of 1.04. The firm's 50 day moving average price is $0.38 and its two-hundred day moving average price is $0.36.

About Ascend Wellness

Ascend Wellness Holdings, Inc engages in the cultivation, manufacture, and distribution of cannabis consumer packaged goods in the United States. The company offers flower, pre-rolls, concentrates, vapes, edibles, tinctures, and other cannabis-related products under the Common Goods, SimplyHerb, Ozone, Ozone Reserve, Royale, Tunnel Vision, Miss Grass, Lowell Smokes, Edie Parker, 1906, and AiroPro brands.