Verano (OTCMKTS:VRNOF) Shares Up 1.2% - Still a Buy?

Verano Holdings Corp. (OTCMKTS:VRNOF - Get Free Report)'s stock price shot up 1.2% on Friday . The company traded as high as $0.51 and last traded at $0.49. 271,038 shares changed hands during trading, an increase of 0% from the average session volume of 269,976 shares. The stock had previously closed at $0.48.

Analysts Set New Price Targets

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

Verano Stock Performance

The business's fifty day simple moving average is $0.64 and its 200-day simple moving average is $0.84. The firm has a market cap of $189.68 million, a P/E ratio of -0.53 and a beta of 0.73. The company has a current ratio of 2.15, a quick ratio of 1.01 and a debt-to-equity ratio of 0.53.

Verano (OTCMKTS:VRNOF - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.02. The company had revenue of $209.81 million for the quarter, compared to analysts' expectations of $213.84 million. Verano had a negative return on equity of 8.06% and a negative net margin of 40.20%. As a group, sell-side analysts expect that Verano Holdings Corp. will post -0.18 earnings per share for the current year.

Verano Company Profile

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.