Jushi (OTCMKTS:JUSHF) Stock Price Down 2.3% - Should You Sell?

Key Points

• Jushi Holdings Inc. shares fell by 2.3% during trading, reaching a low of $0.56 and last trading at $0.64.
• The company reported a revenue of $65.05 million for the quarter, slightly exceeding the consensus estimate of $64.67 million.
• Jushi has a market capitalization of $124.88 million and a negative P/E ratio of -2.19, indicating potential financial struggles.

Jushi Holdings Inc. (OTCMKTS:JUSHF - Get Free Report)'s stock price traded down 2.3% on Wednesday . The company traded as low as $0.56 and last traded at $0.64. 560,999 shares traded hands during mid-day trading, an increase of 48% from the average session volume of 379,166 shares. The stock had previously closed at $0.65.

Jushi Price Performance

The firm has a market cap of $133.10 million, a PE ratio of -2.33 and a beta of -0.98. The company has a 50 day simple moving average of $0.40 and a 200-day simple moving average of $0.35.

Jushi (OTCMKTS:JUSHF - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported ($0.06) EPS for the quarter, hitting the consensus estimate of ($0.06). The company had revenue of $65.05 million during the quarter, compared to analysts' expectations of $64.67 million. On average, sell-side analysts predict that Jushi Holdings Inc. will post -0.23 EPS for the current fiscal year.

About Jushi

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.