OTCMKTS:MRMD

MariMed - MRMD Stock Forecast, Price & News

$0.42

0.00 (0.00%)

(As of 02/7/2023 12:00 AM ET)

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Today's Range: $0.40
▼
$0.44
50-Day Range: $0.36
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$0.55
52-Week Range: $0.28
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$0.89

Volume: 341,141 shs
Average Volume: 264,012 shs
Market Capitalization: $142.57 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $0.85

MariMed MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 102.4% Upside
$0.85 Price Target
Short Interest: Healthy
0.00% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: -33.33%
From $0.03 to $0.02 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.89 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
MariMed has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $0.85, MariMed has a forecasted upside of 102.4% from its current price of $0.42.
Amount of Analyst Coverage
MariMed has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.00% of the outstanding shares of MariMed have been sold short.
Short Interest Ratio / Days to Cover
MariMed has a short interest ratio ("days to cover") of 0, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in MariMed has recently increased by 7.87%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
MariMed does not currently pay a dividend.
Dividend Growth
MariMed does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for MRMD.

1.9

News and Social Media Coverage

News Sentiment
MariMed has a news sentiment score of 0.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.47 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 1 news article for MariMed this week, compared to 2 articles on an average week.
Search Interest
3 people have searched for MRMD on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added MariMed to their MarketBeat watchlist in the last 30 days. This is a decrease of -86% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, MariMed insiders have not sold or bought any company stock.
Percentage Held by Insiders
23.34% of the stock of MariMed is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 0.27% of the stock of MariMed is held by institutions.

0.0

Earnings and Valuation

Earnings Growth
Earnings for MariMed are expected to decrease by -33.33% in the coming year, from $0.03 to $0.02 per share.
Price to Book Value per Share Ratio
MariMed has a P/B Ratio of 3.82. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About MariMed (OTCMKTS:MRMD) Stock

MariMed, Inc. engages in direct owning of cannabis licenses and management of seed-to-sale operations. It focuses on the development, operation, management, and optimization of facilities for the cultivation, production, and dispensing of medicinal and recreational cannabis and cannabis-infused products. The company was founded by Robert N. Fireman and Jon Levine on January 25, 2011 and is headquartered in Norwood, MA.

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MRMD Stock News Headlines

February 1, 2023 | finance.yahoo.com

MariMed Announces Fourth Quarter 2022 Earnings Date

January 24, 2023 | finance.yahoo.com

MariMed Closes $35 Million Credit Facility to Accelerate its Strategic Growth Plans

February 8, 2023 | Investing Trends (Ad)

Huge Upside Potential With "Staggering" Solar Demand

Global solar demand is "staggering" right now, according to Bloomberg. Solar installations are set to grow 30% this year alone. And the boom is just beginning, with increasing adoption of solar by commercial, non-profit, and public entities. With only 1% of commercial electricity demand served by on-site solar globally, there is HUGE opportunity for growth.

January 17, 2023 | finance.yahoo.com

MariMed Strengthens Sales, Marketing, and R&D Teams With Senior Executive Hires

December 21, 2022 | finance.yahoo.com

MariMed Adds Candy Cane Flavored Vape Pen To Its InHouse Brand Line-up for the Holiday Season

December 14, 2022 | finance.yahoo.com

MariMed Appoints Jon Levine as Interim Chief Executive Officer

December 12, 2022 | finance.yahoo.com

MariMed Mourns the Passing of Robert Fireman, Chairman, CEO And Cannabis Industry Pioneer and Visionary

December 12, 2022 | finance.yahoo.com

MariMed searches for new CEO after death of Robert Fireman

February 8, 2023 | Investing Trends (Ad)

Huge Upside Potential With "Staggering" Solar Demand

November 21, 2022 | finance.yahoo.com

MariMed Announces Participation In Upcoming Conferences

November 21, 2022 | finance.yahoo.com

MariMed Announces Participation In Upcoming Conferences

November 16, 2022 | finance.yahoo.com

MariMed Supports Giving At Thanksgiving

November 8, 2022 | finance.yahoo.com

MariMed Reports Third Quarter 2022 Earnings

October 25, 2022 | benzinga.com

MariMed Enriches Betty's Eddies Line With Cannabis Chews To Empower Libido, Reduce Stress, Improve Sleep & More

October 25, 2022 | finance.yahoo.com

Answering The Demand for Cannabis Products That Meet Evolving Consumer Needs, MariMed Adds New Products To Its Top-Selling Betty’s Eddies Fruit Chews Line

October 18, 2022 | investorplace.com

3 Cannabis Stock Predictions for 2023 - InvestorPlace

October 13, 2022 | seekingalpha.com

MariMed Stock: Another MSO Overlooked (OTCMKTS:MRMD) - Seeking Alpha

October 12, 2022 | benzinga.com

MariMed Announces Third Quarter 2022 Earnings Date - MariMed (OTC:MRMD) - Benzinga

October 12, 2022 | finance.yahoo.com

MariMed Announces Third Quarter 2022 Earnings Date

October 5, 2022 | streetinsider.com

MariMed, Inc (MRMD) Opens its First Medical Cannabis Dispensary in Maryland - StreetInsider.com

October 5, 2022 | globenewswire.com

MariMed Opens its First Medical Cannabis Dispensary in Maryland, Will Host a Grand Opening Event with Local Officials - GlobeNewswire

October 5, 2022 | finance.yahoo.com

MariMed Opens its First Medical Cannabis Dispensary in Maryland, Will Host a Grand Opening Event with Local Officials

October 1, 2022 | finance.yahoo.com

MariMed Inc. (MRMD)

September 23, 2022 | streetinsider.com

Form DEF 14A MARIMED INC. For: Sep 22 - StreetInsider.com

September 14, 2022 | benzinga.com

EXCLUSIVE: How To Conquer The Midwest? 4Front, Pharmacann & Marimed Execs Discuss At Benzinga Cannabis C - Benzinga

September 13, 2022 | streetinsider.com

MariMed, Inc (MRMD) To Launch Award-Winning Brands in Michigan Adult-Use Cannabis Market - StreetInsider.com

September 13, 2022 | globenewswire.com

MariMed To Launch Award-Winning Brands in Michigan Adult-Use Cannabis Market - GlobeNewswire

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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MRMD Company Calendar

Last Earnings: 11/15/2021
Today: 2/08/2023
Next Earnings (Estimated): 3/14/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Industry: Medicinals & botanicals
Sub-Industry: N/A
Sector: Medical
Current Symbol: OTCMKTS:MRMD
CUSIP: N/A
CIK: 1522767
Web: marimedadvisors.com
Phone: (617) 795-5140
Fax: N/A
Employees: 260
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $0.85
High Stock Price Forecast: $0.85
Low Stock Price Forecast: $0.85
Forecasted Upside/Downside: +102.4%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): N/A
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $7.22 million
Net Margins: 1.79%
Pretax Margin: 13.56%
Return on Equity: 5.18%
Return on Assets: 1.72%

Debt

Debt-to-Equity Ratio: 0.45
Current Ratio: 1.50
Quick Ratio: 0.83

Sales & Book Value

Annual Sales: $121.46 million
Price / Sales: 1.17
Cash Flow: $0.07 per share
Price / Cash Flow: 5.61
Book Value: $0.11 per share
Price / Book: 3.82

Miscellaneous

Outstanding Shares: 339,460,000
Free Float: 260,232,000
Market Cap: $142.57 million
Optionable: Not Optionable
Beta: 3.06

Key Executives

Jon R. Levine
President, CEO, Secretary, Treasurer & Director

Timothy Shaw
Chief Operating Officer

Susan M. Villare
Chief Financial Officer

Jay O’Malley
Vice President-Marketing & Research & Development

Ryan Crandall
Chief Revenue Officer

Key Competitors

View All Competitors

MRMD Stock - Frequently Asked Questions

Should I buy or sell MariMed stock right now?: 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for MariMed in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" MRMD shares.
View MRMD analyst ratings or view top-rated stocks.
What is MariMed's stock price forecast for 2023?: 3 Wall Street analysts have issued 1-year price targets for MariMed's stock. Their MRMD share price forecasts range from $0.85 to $0.85. On average, they predict the company's stock price to reach $0.85 in the next twelve months. This suggests a possible upside of 102.4% from the stock's current price.
View analysts price targets for MRMD or view top-rated stocks among Wall Street analysts.
How have MRMD shares performed in 2023?: MariMed's stock was trading at $0.3562 at the beginning of the year. Since then, MRMD shares have increased by 17.9% and is now trading at $0.42.
View the best growth stocks for 2023 here.
When is MariMed's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 14th 2023.
View our MRMD earnings forecast.
How were MariMed's earnings last quarter?: MariMed Inc. (OTCMKTS:MRMD) released its quarterly earnings results on Monday, November, 15th. The company reported $0.01 earnings per share (EPS) for the quarter. The company earned $33.21 million during the quarter. MariMed had a net margin of 1.79% and a trailing twelve-month return on equity of 5.18%.
What guidance has MariMed issued on next quarter's earnings?: MariMed updated its FY 2022 earnings guidance on Monday, November, 21st. The company provided earnings per share (EPS) guidance of for the period. The company issued revenue guidance of $132.00 million-$135.00 million, compared to the consensus revenue estimate of $135.80 million.

What other stocks do shareholders of MariMed own?: Based on aggregate information from My MarketBeat watchlists, some companies that other MariMed investors own include KushCo (KSHB), Organigram (OGI), Auxly Cannabis Group (CBWTF), CNBX Pharmaceuticals (CNBX), Supreme Cannabis (SPRWF), Gran Tierra Energy (GTE), Pennsylvania Real Estate Investment Trust (PEI), GB Sciences (GBLX), Medical Marijuana (MJNA) and Smart Cannabis (SCNA).
What is MariMed's stock symbol?: MariMed trades on the OTCMKTS under the ticker symbol "MRMD."
How do I buy shares of MariMed?: Shares of MRMD stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is MariMed's stock price today?: One share of MRMD stock can currently be purchased for approximately $0.42.
How much money does MariMed make?: MariMed (OTCMKTS:MRMD) has a market capitalization of $142.57 million and generates $121.46 million in revenue each year.
How many employees does MariMed have?: The company employs 260 workers across the globe.
How can I contact MariMed?: MariMed's mailing address is 11 ROYAL ROAD, BROOKLINE MA, 02445. The official website for the company is marimedadvisors.com. The company can be reached via phone at (617) 795-5140 or via email at ir@mattio.com.

This page (OTCMKTS:MRMD) was last updated on 2/8/2023 by MarketBeat.com Staff

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MariMed - MRMD Stock Forecast, Price & News

MariMed MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About MariMed (OTCMKTS:MRMD) Stock

MRMD Stock News Headlines

MRMD Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

MRMD Stock - Frequently Asked Questions

Overall MarketRank^™