Ascend Wellness Holdings, Inc. to Post Q3 2024 Earnings of ($0.04) Per Share, Echelon Wealth Partners Forecasts (OTC:AAWH)

Ascend Wellness Holdings, Inc. (OTC:AAWH - Free Report) - Investment analysts at Echelon Wealth Partners reduced their Q3 2024 earnings estimates for Ascend Wellness in a research report issued to clients and investors on Tuesday, May 7th. Echelon Wealth Partners analyst A. Semple now expects that the company will earn ($0.04) per share for the quarter, down from their prior estimate of ($0.03). The consensus estimate for Ascend Wellness' current full-year earnings is ($0.15) per share. Echelon Wealth Partners also issued estimates for Ascend Wellness' FY2024 earnings at ($0.17) EPS.

Separately, Needham & Company LLC reaffirmed a "hold" rating on shares of Ascend Wellness in a report on Tuesday.

Ascend Wellness Stock Performance

Shares of AAWH stock traded down $0.02 during trading hours on Friday, reaching $1.30. The stock had a trading volume of 65,826 shares, compared to its average volume of 253,033. Ascend Wellness has a twelve month low of $0.46 and a twelve month high of $1.82. The company has a debt-to-equity ratio of 2.08, a current ratio of 2.47 and a quick ratio of 1.44. The firm has a market capitalization of $268.70 million, a PE ratio of -5.42 and a beta of 1.95. The firm has a 50-day simple moving average of $1.27 and a 200-day simple moving average of $1.27.

Ascend Wellness Company Profile

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.