Jushi (OTCMKTS:JUSHF) Stock Price Up 0.8% - Still a Buy?

Key Points

• Jushi Holdings Inc. (OTCMKTS:JUSHF) shares rose by 0.8% to trade at $0.75, with an increased trading volume of 1,321,850 shares, significantly higher than its average volume of 718,409 shares.
• The company reported a quarterly revenue of $65.05 million, which surpassed analyst estimates of $64.67 million, while the earnings per share (EPS) met expectations at ($0.06).
• Jushi is a vertically integrated cannabis company that produces a diverse range of cannabis products, including flower, extracts, and edibles, under various brand names like The Bank and Nira+ Medicinals.

Jushi Holdings Inc. (OTCMKTS:JUSHF - Get Free Report)'s stock price shot up 0.8% during trading on Thursday . The stock traded as high as $0.85 and last traded at $0.75. 1,321,850 shares traded hands during mid-day trading, an increase of 84% from the average session volume of 718,409 shares. The stock had previously closed at $0.75.

Jushi Stock Performance

The stock has a fifty day moving average price of $0.51 and a two-hundred day moving average price of $0.38. The firm has a market capitalization of $149.20 million, a P/E ratio of -2.62 and a beta of -0.98.

Jushi (OTCMKTS:JUSHF - Get Free Report) last issued its quarterly earnings data on Tuesday, August 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.06). The business had revenue of $65.05 million during the quarter, compared to the consensus estimate of $64.67 million. As a group, research analysts anticipate that Jushi Holdings Inc. will post -0.23 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.