OTCMKTS:MRMD

MariMed - MRMD Stock Forecast, Price & News

$0.41

-0.01 (-2.39%)

(As of 03/21/2023 12:00 AM ET)

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Today's Range: $0.40
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$0.44
50-Day Range: $0.38
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$0.48
52-Week Range: $0.28
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$0.78

Volume: 323,551 shs
Average Volume: 176,276 shs
Market Capitalization: $138.50 million

P/E Ratio: 13.60
Dividend Yield: N/A
Price Target: $0.85

MariMed MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 108.3% 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: N/A

Overall MarketRank^™

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

2.18 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 1 buy rating, 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 108.3% from its current price of $0.41.
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 35.23%, 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.

2.0

News and Social Media Coverage

News Sentiment
MariMed has a news sentiment score of 0.58. 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 higher news sentiment than the 0.34 average news sentiment score of Medical companies.
Search Interest
Only 5 people have searched for MRMD on MarketBeat in the last 30 days. This is a decrease of -29% 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 -80% 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.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of MariMed is 13.60, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 117.42.
Price to Earnings Ratio vs. Sector
The P/E ratio of MariMed is 13.60, which means that it is trading at a less expensive P/E ratio than the Medical sector average P/E ratio of about 92.08.
Price to Book Value per Share Ratio
MariMed has a P/B Ratio of 2.40. P/B Ratios below 3 indicates that a company is reasonably valued 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

March 6, 2023 | finance.yahoo.com

MariMed Inc. (PNK:MRMD) Q4 2022 Earnings Call Transcript

March 5, 2023 | finanznachrichten.de

MariMed Inc.: MariMed Reports Fourth Quarter and Full Year 2022 Financial Results

March 22, 2023 | Behind the Markets (Ad)

BREAKING: Tiny biotech successfully treats blindness

There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.

March 5, 2023 | msn.com

Latest Executive Changes In Marijuana Industry, New Appointments & More

March 1, 2023 | finance.yahoo.com

MariMed Reports Fourth Quarter and Full Year 2022 Financial Results

March 1, 2023 | finance.yahoo.com

MariMed Board of Directors Appoints Edward Gildea as Chairman and Jon Levine as Chief Executive Officer

February 21, 2023 | finance.yahoo.com

MariMed To Expand Footprint in Massachusetts With Dispensary Acquisition in Quincy

February 1, 2023 | finance.yahoo.com

MariMed Announces Fourth Quarter 2022 Earnings Date

March 22, 2023 | Behind the Markets (Ad)

BREAKING: Tiny biotech successfully treats blindness

January 24, 2023 | finance.yahoo.com

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

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

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

See More Headlines

30 days | 90 days | 365 days | Advanced Chart

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MRMD Company Calendar

Last Earnings: 11/15/2021
Today: 3/22/2023
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: +108.3%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.03
Trailing P/E Ratio: 13.60
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $13.47 million
Net Margins: 10.05%
Pretax Margin: 14.56%
Return on Equity: 27.89%
Return on Assets: 9.80%

Debt

Debt-to-Equity Ratio: 0.46
Current Ratio: 1.67
Quick Ratio: 0.93

Sales & Book Value

Annual Sales: $134.01 million
Price / Sales: 1.03
Cash Flow: $0.06 per share
Price / Cash Flow: 6.83
Book Value: $0.17 per share
Price / Book: 2.40

Miscellaneous

Outstanding Shares: 339,460,000
Free Float: 260,232,000
Market Cap: $138.50 million
Optionable: Not Optionable
Beta: 3.04

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?: 1 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for MariMed in the last twelve months. There are currently 1 buy rating for the stock. The consensus among Wall Street equities 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?: 1 brokerages 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 expect the company's stock price to reach $0.85 in the next twelve months. This suggests a possible upside of 108.3% 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 on January 1st, 2023. Since then, MRMD stock has increased by 14.6% and is now trading at $0.4080.
View the best growth stocks for 2023 here.
Are investors shorting MariMed?: MariMed saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 11,900 shares, an increase of 35.2% from the February 13th total of 8,800 shares. Based on an average daily volume of 402,600 shares, the days-to-cover ratio is presently 0.0 days.
View MariMed's Short Interest.
How were MariMed's earnings last quarter?: MariMed Inc. (OTCMKTS:MRMD) announced its quarterly earnings data on Monday, November, 15th. The company reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $33.21 million for the quarter. MariMed had a net margin of 10.05% and a trailing twelve-month return on equity of 27.89%.
What guidance has MariMed issued on next quarter's earnings?: MariMed issued an update on its FY 2023 earnings guidance on Wednesday, March, 1st. The company provided EPS guidance of for the period. The company issued revenue guidance of $150.00M-, compared to the consensus revenue estimate of $152.80 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 $0.41.
How much money does MariMed make?: MariMed (OTCMKTS:MRMD) has a market capitalization of $138.50 million and generates $134.01 million in revenue each year. The company earns $13.47 million in net income (profit) each year or $0.03 on an earnings per share basis.
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 3/22/2023 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

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^™