OTCMKTS:VRNOF

Verano (VRNOF) Stock Forecast, Price & News

$4.70

+0.10 (+2.17%)

(As of 05:46 PM ET)

Compare

Today's Range: $4.55
▼
$4.74
50-Day Range: $2.60
▼
$5.27
52-Week Range: $2.53
▼
$6.18

Volume: 164,668 shs
Average Volume: 304,821 shs
Market Capitalization: $1.61 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $20.00

Profile Analyst Ratings Chart Competitors Earnings Financials Headlines SEC Filings Short Interest

Verano MarketRank™ Forecast

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 325.5% Upside
$20.00 Price Target
Short Interest: Healthy
0.18% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.52
Based on 2 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.05) 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.

2.12 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Verano has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 4 buy ratings, no hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $20.00, Verano has a forecasted upside of 325.5% from its current price of $4.70.
Amount of Analyst Coverage
Verano has only been the subject of 2 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
0.18% of the outstanding shares of Verano have been sold short.
Short Interest Ratio / Days to Cover
Verano has a short interest ratio ("days to cover") of 0.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Verano has recently decreased by 4.12%, indicating that investor sentiment is improving.

0.0

Dividend Strength

Dividend Yield
Verano does not currently pay a dividend.
Dividend Growth
Verano 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 VRNOF.

2.5

News and Social Media Coverage

News Sentiment
Verano has a news sentiment score of 0.52. 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 news sentiment score is similar to the average news sentiment of Medical companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Verano this week, compared to 1 article on an average week.
Search Interest
3 people have searched for VRNOF on MarketBeat in the last 30 days. This is an increase of 200% compared to the previous 30 days.
MarketBeat Follows
Only 3 people have added Verano to their MarketBeat watchlist in the last 30 days. This is a decrease of -57% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Verano insiders have not sold or bought any company stock.
Percentage Held by Insiders
18.90% of the stock of Verano is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 16.87% of the stock of Verano is held by institutions.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Verano are expected to grow in the coming year, from ($0.05) to $0.02 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Verano is -5.53, 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 Verano is -5.53, 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
Verano has a P/B Ratio of 1.19. 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 Verano (OTCMKTS:VRNOF) Stock

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, California, Connecticut, Florida, Illinois, Maryland, Massachusetts, Michigan, Missouri, Nevada, New Jersey, Ohio, Pennsylvania, and West Virginia. It offers artisanal cannabis products under the Encore, Avexia, MUV, Savvy, BITS, and Verano brands for medical and adult-use markets. The company is headquartered in Chicago, Illinois.

VRNOF Price History

30 days | 90 days | 365 days | Advanced Chart

VRNOF Stock News Headlines

September 21, 2023 | markets.businessinsider.com

Russian Ties Put Alabama Cannabis Regulators In Hot Water

September 18, 2023 | markets.businessinsider.com

Verano Launches Round Up for Cannabis Reform Dispensary Donation Program Benefitting The Weldon Project’s Mission Green

September 22, 2023 | Chaikin Analytics (Ad)

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September 15, 2023 | americanbankingnews.com

Verano (OTCMKTS:VRNOF) Shares Up 2.4%

September 14, 2023 | markets.businessinsider.com

Congressional Research Service Foresees Potential DEA Endorsement Of Marijuana Rescheduling

September 12, 2023 | proactiveinvestors.com

Aurora Cannabis shines despite investor retreat from cannabis MSOs

September 7, 2023 | finance.yahoo.com

Verano Announces Upcoming Conference Participation

September 5, 2023 | markets.businessinsider.com

EXCLUSIVE: Cannabis Tipping Point, Verano CEO Weighs In On HHS Rescheduling Proposal

September 22, 2023 | Chaikin Analytics (Ad)

This Stock Could Go Up 66% or More.

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August 15, 2023 | benzinga.com

Teamsters Reach Monumental Contract With A Large Cannabis Operator, And This Is Just The Beginning

August 11, 2023 | markets.businessinsider.com

Verano Holdings Is Left Out Of Alabama's Ever-Shifting Medical Marijuana Licensing Process

August 8, 2023 | msn.com

Verano Holdings Corp. (VRNOF) Reports Q2 Loss, Tops Revenue Estimates

August 8, 2023 | markets.businessinsider.com

Haywood Remains a Buy on Verano Holdings (VRNOF)

August 8, 2023 | markets.businessinsider.com

Echelon Wealth Partners Sticks to Its Buy Rating for Verano Holdings (VRNOF)

August 8, 2023 | markets.businessinsider.com

Verano Q2 Revenue Grows 5% YoY, What About Adjusted EBITDA?

August 8, 2023 | finance.yahoo.com

Verano Announces Second Quarter 2023 Financial Results

July 20, 2023 | finanznachrichten.de

Verano Holdings Corp.: Verano Announces Appointment of John Tipton and Charles Mueller to Board of Directors

July 20, 2023 | finance.yahoo.com

Verano Announces Appointment of John Tipton and Charles Mueller to Board of Directors

July 7, 2023 | markets.businessinsider.com

Verano Holdings (VRNOF) Initiated with a Buy at ATB Capital Markets

July 6, 2023 | markets.businessinsider.com

Echelon Wealth Partners Reaffirms Their Buy Rating on Verano Holdings (VRNOF)

July 6, 2023 | finance.yahoo.com

Verano Announces the Opening of MÜV Fort Pierce, the Company’s 70th Florida Dispensary and 131st Retail Location Nationwide

June 30, 2023 | finance.yahoo.com

Verano to Welcome Cannabis Customers at Zen Leaf Retail Locations on July 1 to Commemorate Historic Launch of Adult Use Sales in Maryland

June 29, 2023 | finance.yahoo.com

Verano to Report Second Quarter 2023 Financial Results on August 8, 2023

June 29, 2023 | finance.yahoo.com

Verano Continues Florida Retail Expansion with Opening of MÜV Venice, the Company’s 69th Florida Location and 130th Retail Location in the Nation

June 14, 2023 | finance.yahoo.com

Verano Introduces On The Rocks, New Multi-Format Brand Anchored Around Solventless Extraction Methods, Across Core Markets

June 12, 2023 | markets.businessinsider.com

Verano Holdings Corp. Secures Highly Coveted License To Expand Operations In Alabama

June 12, 2023 | benzinga.com

Verano to Introduce Best-in-Class Operations in Alabama Market after Winning Coveted Vertical License

See More Headlines

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VRNOF Company Calendar

Last Earnings: 8/08/2023
Today: 9/22/2023
Next Earnings (Estimated): 11/13/2023
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:VRNOF
CUSIP: N/A
CIK: 1848416
Web: www.verano.com
Phone: 312-265-0730
Fax: N/A
Employees: 3,780
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $20.00
High Stock Price Forecast: $30.00
Low Stock Price Forecast: $10.00
Forecasted Upside/Downside: +334.8%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 4 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.85)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-269,160,000.00
Net Margins: -30.76%
Pretax Margin: -17.11%
Return on Equity: -3.72%
Return on Assets: -2.12%

Debt

Debt-to-Equity Ratio: 0.36
Current Ratio: 0.92
Quick Ratio: 0.50

Sales & Book Value

Annual Sales: $879.41 million
Price / Sales: 1.80
Cash Flow: $0.33 per share
Price / Cash Flow: 13.82
Book Value: $3.95 per share
Price / Book: 1.16

Miscellaneous

Outstanding Shares: 343,520,000
Free Float: 278,596,000
Market Cap: $1.58 billion
Optionable: Not Optionable
Beta: 1.67

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Key Executives

Mr. George P. Archos (Age 44)
Founder, Chairman & CEO
Comp: $517.25k

Mr. Darren Weiss Esq. (Age 39)
Pres
Comp: $481.69k

Mr. John Allen Tipton (Age 62)
Pres of Southern Region & Director
Comp: $6.8M

Mr. Samuel Dorf
Co-Founder & Chief Growth Officer

Mr. Brett Summerer (Age 46)
Chief Financial Officer

Mr. Edward Aloysious McDermott III
Chief Operating Officer

Mr. Aaron Miles (Age 44)
Chief Investment Officer

Julianna Paterra C.F.A.
VP of Investor Relations

Laura Marie Kalesnik
Chief Legal Officer, Gen. Counsel & Sec.

Mr. David Spreckman (Age 32)
Chief Marketing Officer

Key Competitors

View All Competitors

VRNOF Stock - Frequently Asked Questions

Should I buy or sell Verano stock right now?: 4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Verano in the last twelve months. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" VRNOF shares.
View VRNOF analyst ratings or view top-rated stocks.
What is Verano's stock price forecast for 2023?: 4 brokers have issued 1-year price targets for Verano's shares. Their VRNOF share price forecasts range from $10.00 to $30.00. On average, they predict the company's stock price to reach $20.00 in the next year. This suggests a possible upside of 334.8% from the stock's current price.
View analysts price targets for VRNOF or view top-rated stocks among Wall Street analysts.
How have VRNOF shares performed in 2023?: Verano's stock was trading at $3.12 at the beginning of the year. Since then, VRNOF stock has increased by 47.4% and is now trading at $4.60.
View the best growth stocks for 2023 here.
When is Verano's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Monday, November 13th 2023.
View our VRNOF earnings forecast.
How were Verano's earnings last quarter?: Verano Holdings Corp. (OTCMKTS:VRNOF) announced its earnings results on Tuesday, August, 8th. The company reported ($0.04) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by $0.02. The firm earned $234.12 million during the quarter, compared to the consensus estimate of $230.71 million. Verano had a negative net margin of 30.76% and a negative trailing twelve-month return on equity of 3.72%.

What is Verano's stock symbol?: Verano trades on the OTCMKTS under the ticker symbol "VRNOF."
How do I buy shares of Verano?: Shares of VRNOF 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 Verano's stock price today?: One share of VRNOF stock can currently be purchased for approximately $4.60.
How much money does Verano make?: Verano (OTCMKTS:VRNOF) has a market capitalization of $1.58 billion and generates $879.41 million in revenue each year. The company earns $-269,160,000.00 in net income (profit) each year or ($0.85) on an earnings per share basis.
How many employees does Verano have?: The company employs 3,780 workers across the globe.
How can I contact Verano?: The official website for the company is www.verano.com. The company can be reached via phone at 312-265-0730 or via email at julianna.paterra@verano.com.

This page (OTCMKTS:VRNOF) was last updated on 9/22/2023 by MarketBeat.com Staff

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Verano (VRNOF) Stock Forecast, Price & News

Verano 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 Verano (OTCMKTS:VRNOF) Stock

VRNOF Price History

VRNOF Stock News Headlines

VRNOF Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

VRNOF Stock - Frequently Asked Questions

Overall MarketRank^™