Free Trial

Verano (OTCMKTS:VRNOF) Trading Down 7.2% - Here's Why

Verano logo with Medical background

Shares of Verano Holdings Corp. (OTCMKTS:VRNOF - Get Free Report) fell 7.2% during trading on Thursday . The company traded as low as $0.49 and last traded at $0.53. 1,442,555 shares traded hands during mid-day trading, an increase of 204% from the average session volume of 474,211 shares. The stock had previously closed at $0.57.

Wall Street Analyst Weigh In

Separately, Cormark cut Verano from a "moderate buy" rating to a "hold" rating in a research note on Monday, May 12th.

View Our Latest Analysis on Verano

Verano Price Performance

The company has a debt-to-equity ratio of 0.39, a current ratio of 0.99 and a quick ratio of 0.52. The company's 50 day simple moving average is $0.66 and its 200 day simple moving average is $0.94. The stock has a market cap of $184.36 million, a P/E ratio of -1.24 and a beta of 0.81.

Verano (OTCMKTS:VRNOF - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported ($0.03) EPS for the quarter, beating analysts' consensus estimates of ($0.05) by $0.02. Verano had a negative net margin of 16.31% and a negative return on equity of 7.48%. The business had revenue of $209.81 million during the quarter, compared to analysts' expectations of $213.84 million. As a group, equities analysts forecast that Verano Holdings Corp. will post -0.18 earnings per share for the current year.

About Verano

(Get Free Report)

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.

Featured Stories

Should You Invest $1,000 in Verano Right Now?

Before you consider Verano, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Verano wasn't on the list.

While Verano currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Elon Musk's Next Move Cover

Explore Elon Musk’s boldest ventures yet—from AI and autonomy to space colonization—and find out how investors can ride the next wave of innovation.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA: Another 200% Growth Ahead? (PLUS 2 Companies Riding Along)
3 Rising Stocks You’ll Want on Your Watchlist
Trillions in Defense Spending—3 Disruptive Stocks Set to Double

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines