OTCMKTS:TRSSF

TerrAscend - TRSSF Stock Forecast, Price & News

$1.49

-0.03 (-1.97%)

(As of 02/3/2023 05:33 PM ET)

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Today's Range: $1.49
▼
$1.59
50-Day Range: $1.02
▼
$2.24
52-Week Range: $1.00
▼
$6.06

Volume: 60,871 shs
Average Volume: 324,120 shs
Market Capitalization: $375.27 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $3.57

TerrAscend MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.63 Rating Score
Upside/Downside: 139.4% Upside
$3.57 Price Target
Short Interest: Healthy
0.21% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: N/A
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.14) to ($0.10) Per Share

Overall MarketRank^™

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

1.96 out of 5 stars

3.3

Analyst's Opinion

Consensus Rating
TerrAscend has received a consensus rating of Buy. The company's average rating score is 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $3.57, TerrAscend has a forecasted upside of 139.4% from its current price of $1.49.
Amount of Analyst Coverage
TerrAscend has received no research coverage in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
0.21% of the outstanding shares of TerrAscend have been sold short.
Short Interest Ratio / Days to Cover
TerrAscend has a short interest ratio ("days to cover") of 0.4, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in TerrAscend has recently increased by 4.65%, indicating that investor sentiment is decreasing.

0.0

Dividend Strength

Dividend Yield
TerrAscend does not currently pay a dividend.
Dividend Growth
TerrAscend 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 TRSSF.

1.7

News and Social Media Coverage

News Sentiment
TerrAscend has a news sentiment score of 0.13. 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 0.45 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 1 news article for TerrAscend this week, compared to 2 articles on an average week.
Search Interest
1 people have searched for TRSSF on MarketBeat in the last 30 days.
MarketBeat Follows
Only 1 people have added TerrAscend to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, TerrAscend insiders have not sold or bought any company stock.
Percentage Held by Insiders
44.32% of the stock of TerrAscend is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 0.04% of the stock of TerrAscend is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for TerrAscend are expected to grow in the coming year, from ($0.14) to ($0.10) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of TerrAscend is -1.11, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of TerrAscend is -1.11, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
TerrAscend has a P/B Ratio of 1.24. 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 TerrAscend (OTCMKTS:TRSSF) Stock

TerrAscend Corp. produces and sells medical cannabis products. The firm owns several businesses and brands, including The Apothecarium, Ilera Healthcare, Kind Tree, Prism, State Flower, Valhalla Confections and Arise Bioscience Inc. The company was founded by Basem Hanna, Vijay Sappani and Michael Nashat on March 7, 2017 and is headquartered in Mississauga, Canada.

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TRSSF Stock News Headlines

January 30, 2023 | finance.yahoo.com

TerrAscend Closes on Acquisition of High-Performing Dispensary in Maryland

January 19, 2023 | finance.yahoo.com

Wana Brands Partners with TerrAscend to Bring its Best-In-Class Edibles to New Jersey and to Expand its Existing Line-Up in Maryland

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January 11, 2023 | finance.yahoo.com

TerrAscend to Participate in the ATB Capital Markets 11th Annual Institutional Investor Conference

December 21, 2022 | finance.yahoo.com

TerrAscend Announces Amendment of Pennsylvania Credit Agreement

December 3, 2022 | benzinga.com

Where To Buy Legal Weed These Days: Five More Shops Launch Cannabis Sales In These States

December 2, 2022 | finance.yahoo.com

TerrAscend Appoints Seasoned Finance Professional, Ira Duarte, to Board of Directors

December 2, 2022 | finance.yahoo.com

TerrAscend and Cookies Celebrate the Grand Opening of Cookies Jackson

February 3, 2023 | Wall Street Watch Dogs (Ad)

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December 2, 2022 | benzinga.com

TerrAscend Appoints Ira Duarte To Board Of Directors

November 30, 2022 | benzinga.com

TerrAscend Reduces Outstanding Debt By $30M

November 30, 2022 | finance.yahoo.com

TerrAscend Reduces Outstanding Debt by US$30 Million

November 15, 2022 | finance.yahoo.com

TerrAscend Reports Third Quarter 2022 Financial Results

November 14, 2022 | benzinga.com

TerrAscend Reports 3Q 2022 Financial Results: Net Revenue Up 36.4% YoY

November 10, 2022 | finance.yahoo.com

Is a Surprise Coming for TerrAscend (TRSSF) This Earnings Season?

October 28, 2022 | benzinga.com

What's In The Cards For These Cannabis MSOs In Q3? Analyst's Thoughts Ahead Of Earnings Season

October 27, 2022 | finance.yahoo.com

TERRASCEND TO HOST THIRD QUARTER 2022 EARNINGS CONFERENCE CALL

October 26, 2022 | msn.com

Canopy Growth Transfers Its TerrAscend Assets To Canopy USA Company

October 25, 2022 | msn.com

Canopy Growth speeds up entry to U.S. cannabis market instead of waiting for federal ban to be lifted

October 20, 2022 | fool.com

3 Stocks to Invest in If Maryland Approves Adult-Use Cannabis Sales - The Motley Fool

October 17, 2022 | morningstar.com

Cannabis M&A cools but deals remain on the table despite scuttled Verano acquisition, analyst says - Morningstar

October 16, 2022 | fool.com

Which Company Will Become Profitable First: Canopy Growth or Aurora Cannabis? - The Motley Fool

October 12, 2022 | marketwatch.com

Cannabis company TerrAscend secures $45.5 mln loan with 12.8% interest rate - MarketWatch

October 12, 2022 | nasdaq.com

Which Cannabis Stocks Would Benefit Most From U.S. Federal Legalization? - Nasdaq

October 12, 2022 | finance.yahoo.com

TerrAscend Announces Closing of US$45.5 Million Non-Brokered Debt Financing - Yahoo Finance

October 12, 2022 | finance.yahoo.com

TerrAscend Announces Closing of US$45.5 Million Non-Brokered Debt Financing

October 12, 2022 | finance.yahoo.com

Pelorus Equity Group Closes US$45.5 Million Debt Financing with TerrAscend

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TRSSF Company Calendar

Last Earnings: 11/14/2022
Today: 2/03/2023
Next Earnings (Estimated): 3/14/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Industry: Agricultural production - crops
Sub-Industry: N/A
Sector: Medical
Current Symbol: OTCMKTS:TRSSF
CUSIP: N/A
CIK: 1778129
Web: www.terrascend.com
Phone: (855) 837-7295
Fax: N/A
Employees: 742
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $3.57
High Stock Price Forecast: $5.50
Low Stock Price Forecast: $2.00
Forecasted Upside/Downside: +139.4%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.63
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($1.34)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $3.11 million
Net Margins: -143.67%
Pretax Margin: -146.26%
Return on Equity: -8.24%
Return on Assets: -3.88%

Debt

Debt-to-Equity Ratio: 0.77
Current Ratio: 0.66
Quick Ratio: 0.37

Sales & Book Value

Annual Sales: $210.42 million
Price / Sales: 1.78
Cash Flow: N/A
Price / Cash Flow: N/A
Book Value: $1.20 per share
Price / Book: 1.24

Miscellaneous

Outstanding Shares: 251,860,000
Free Float: 140,237,000
Market Cap: $375.27 million
Optionable: Not Optionable
Beta: N/A

Key Executives

Ziad Ghanem
President & Chief Operating Officer

Keith Stauffer
Chief Financial Officer

David Wheeler
Chief Information Officer & Senior Vice President

Daniel Foley
Treasurer & Senior Vice President

Jared Anderson
Senior Vice President-Finance & Strategy

Key Competitors

View All Competitors

TRSSF Stock - Frequently Asked Questions

Should I buy or sell TerrAscend stock right now?: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for TerrAscend in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TRSSF shares.
View TRSSF analyst ratings or view top-rated stocks.
What is TerrAscend's stock price forecast for 2023?: 8 Wall Street analysts have issued 1-year price objectives for TerrAscend's stock. Their TRSSF share price forecasts range from $2.00 to $5.50. On average, they expect the company's stock price to reach $3.57 in the next twelve months. This suggests a possible upside of 134.6% from the stock's current price.
View analysts price targets for TRSSF or view top-rated stocks among Wall Street analysts.
How have TRSSF shares performed in 2023?: TerrAscend's stock was trading at $1.13 on January 1st, 2023. Since then, TRSSF stock has increased by 34.5% and is now trading at $1.52.
View the best growth stocks for 2023 here.
When is TerrAscend's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Tuesday, March 14th 2023.
View our TRSSF earnings forecast.

How were TerrAscend's earnings last quarter?: TerrAscend Corp. (OTCMKTS:TRSSF) posted its quarterly earnings results on Monday, November, 14th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.06) by $0.13. The company earned $67.03 million during the quarter, compared to analysts' expectations of $67.84 million. TerrAscend had a negative net margin of 143.67% and a negative trailing twelve-month return on equity of 8.24%.
What is TerrAscend's stock symbol?: TerrAscend trades on the OTCMKTS under the ticker symbol "TRSSF."
How do I buy shares of TerrAscend?: Shares of TRSSF 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 TerrAscend's stock price today?: One share of TRSSF stock can currently be purchased for approximately $1.52.
How much money does TerrAscend make?: TerrAscend (OTCMKTS:TRSSF) has a market capitalization of $382.83 million and generates $210.42 million in revenue each year. The company earns $3.11 million in net income (profit) each year or ($1.34) on an earnings per share basis.
How many employees does TerrAscend have?: The company employs 742 workers across the globe.
How can I contact TerrAscend?: TerrAscend's mailing address is PO Box 43125, Mississauga, ON L5B. The official website for the company is www.terrascend.com. The company can be reached via phone at (855) 837-7295 or via email at ir@terrascend.com.

This page (OTCMKTS:TRSSF) was last updated on 2/3/2023 by MarketBeat.com Staff

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TerrAscend - TRSSF Stock Forecast, Price & News

TerrAscend 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 TerrAscend (OTCMKTS:TRSSF) Stock

TRSSF Stock News Headlines

TRSSF Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

TRSSF Stock - Frequently Asked Questions

Overall MarketRank^™