OTCMKTS:VRNOF

Verano - VRNOF Stock Forecast, Price & News

$5.32

-0.08 (-1.48%)

(As of 08/9/2022 12:00 AM ET)

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Today's Range: $5.18
▼
$5.42
50-Day Range: $5.25
▼
$8.39
52-Week Range: $4.75
▼
$15.55

Volume: 116,076 shs
Average Volume: 433,257 shs
Market Capitalization: $85.28 million

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $29.75

Verano MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.80 Rating Score
Upside/Downside: 459.2% Upside
$29.75 Price Target
Short Interest: Healthy
3.62% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.11
Based on 10 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 177.78%
From $0.18 to $0.50 Per Share

Overall MarketRank^™

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

2.21 out of 5 stars

3.4

Analyst's Opinion

Consensus Rating
Verano has received a consensus rating of Buy. The company's average rating score is 2.80, and is based on 4 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $29.75, Verano has a forecasted upside of 459.2% from its current price of $5.32.
Amount of Analyst Coverage
Verano has only been the subject of 2 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
3.62% 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 1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Verano has recently increased by 8.19%, indicating that investor sentiment is decreasing significantly.

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.

1.7

News and Social Media Coverage

News Sentiment
Verano has a news sentiment score of 0.11. 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 0.38 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 10 news articles for Verano this week, compared to 3 articles on an average week.
MarketBeat Follows
Only 3 people have added Verano to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.0

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 Institutions
Only 1.42% of the stock of Verano is held by institutions.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Verano are expected to grow by 177.78% in the coming year, from $0.18 to $0.50 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Verano is -15.20, 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 -15.20, 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 0.06. P/B Ratios below 1 indicate that a company could be undervalued 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. It 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. The company offers artisanal cannabis products under the Encore, Avexia, MUV, and Verano brands for medical and adult-use markets. As of May 10, 2022, it operated 96 retail dispensaries, and 13 cultivation and processing facilities. The company is headquartered in Chicago, Illinois.

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VRNOF Stock News Headlines

August 9, 2022 | nasdaq.com

Verano Holdings Corp. (VRNOF) Reports Next Week: Wall Street Expects Earnings Growth - Nasdaq

August 7, 2022 | benzinga.com

Verano Opening MÜV Tampa Himes, Its 54th Cannabis Dispensary In Florida - Benzinga

August 7, 2022 | globenewswire.com

Verano Announces the Opening of MÜV Tampa Himes, the Company's 54th Florida Location - GlobeNewswire

August 5, 2022 | streetinsider.com

Verano Holdings Corp. (VRNOF) Announces the Opening of MUV Tampa Himes, the Company's 54th Florida Location - StreetInsider.com

August 5, 2022 | finance.yahoo.com

Verano Announces the Opening of MÜV Tampa Himes, the Company’s 54th Florida Location - Yahoo Finance

August 5, 2022 | apnews.com

Verano Announces the Opening of MÜV Tampa Himes, the Company’s 54th Florida Location

August 5, 2022 | americanbankingnews.com

Verano Holdings Corp. (OTCMKTS:VRNOF) Receives Average Recommendation of "Moderate Buy" from Analysts

August 4, 2022 | finance.yahoo.com

Verano Welcomes Maryland Medical Cannabis Patients at Prime New Location, Zen Leaf Elkridge - Yahoo Finance

August 4, 2022 | streetinsider.com

Verano Holdings Corp. (VRNOF) Welcomes Maryland Medical Cannabis Patients at Prime New Location - StreetInsider.com

August 4, 2022 | globenewswire.com

Verano Welcomes Maryland Medical Cannabis Patients at Prime New Location, Zen Leaf Elkridge - GlobeNewswire

August 2, 2022 | benzinga.com

INVESTIGATION REMINDER: The Schall Law Firm Encourages Investors in Verano Holdings Corp. with Losses of - Benzinga

August 1, 2022 | businesswire.com

VERANO ALERT: Bragar Eagel & Squire, P.C. is Investigating Verano Holdings Corp. on Behalf of Verano Stockholders and Encourages Investors to Contact the Firm - Business Wire

August 1, 2022 | americanbankingnews.com

Needham & Company LLC Lowers Verano (OTCMKTS:VRNOF) to Hold

July 31, 2022 | americanbankingnews.com

Comparing Village Farms International (NASDAQ:VFF) & Verano (OTCMKTS:VRNOF)

July 30, 2022 | markets.businessinsider.com

Verano Opening MÜV Port Charlotte, Its 53rd Cannabis Dispensary In Florida

July 30, 2022 | markets.businessinsider.com

Verano Approved To Launch Adult Use Cannabis Sales At Zen Leaf Neptune In New Jersey

July 29, 2022 | fool.com

2 Reasons Verano's Ready for U.S. Cannabis Legalization - The Motley Fool

July 29, 2022 | benzinga.com

Verano Approved To Launch Adult Use Cannabis Sales At Zen Leaf Neptune In New Jersey - Benzinga

July 28, 2022 | globenewswire.com

Verano Receives Approval to Launch Adult Use Cannabis Sales at Zen Leaf Neptune in New Jersey - GlobeNewswire

July 28, 2022 | globenewswire.com

Verano Accelerates Florida Retail Footprint Expansion with the Opening of MÜV Port Charlotte, the Company's 53rd Florida Location - GlobeNewswire

July 28, 2022 | americanbankingnews.com

Head to Head Analysis: Verano (OTCMKTS:VRNOF) & Shineco (NASDAQ:SISI)

July 27, 2022 | globenewswire.com

Verano to Restate Previously Issued Financial Statements - GlobeNewswire

July 27, 2022 | finance.yahoo.com

Verano to Report Second Quarter 2022 Financial Results on August 16, 2022

July 27, 2022 | finance.yahoo.com

Verano to Restate Previously Issued Financial Statements

July 26, 2022 | businesswire.com

Tequila Eterno Verano Launches with An Ode to the Sun, Sea and Joy of Living - Business Wire

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VRNOF Company Calendar

Last Earnings: 5/25/2022
Today: 8/10/2022
Fiscal Year End: 12/31/2022

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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: 3,888
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $29.75
High Stock Price Forecast: $40.00
Low Stock Price Forecast: $23.00
Forecasted Upside/Downside: +459.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.80
Research Coverage: 5 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.35)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 29.56
P/E Growth: N/A
Net Income: $-14,680,000.00
Net Margins: -10.96%
Pretax Margin: 13.74%
Return on Equity: -5.83%
Return on Assets: -3.57%

Debt

Debt-to-Equity Ratio: 0.29
Current Ratio: 0.75
Quick Ratio: 0.40

Sales & Book Value

Annual Sales: $740,000.00
Price / Sales: 115.24
Cash Flow: $5.32 per share
Price / Cash Flow: 1.00
Book Value: $92.25 per share
Price / Book: 0.06

Miscellaneous

Outstanding Shares: 16,030,000
Free Float: N/A
Market Cap: $85.28 million
Optionable: Not Optionable
Beta: N/A

Key Executives

Mr. George P. Archos (Age 43)
Founder, Chairman & CEO
Comp: $567.71k
Mr. John Tipton (Age 61)
Pres
Comp: $19.66M
Mr. Darren Weiss Esq. (Age 38)
COO, Chief Legal Officer, Gen. Counsel & Sec.
Comp: $486.68k
Mr. Samuel Dorf
Co-Founder & Chief Growth Officer
Mr. Brett Summerer (Age 45)
Chief Financial Officer
Mr. Aaron Miles (Age 43)
Chief Investment Officer
Julianna Paterra C.F.A.
Director of Investor Relations
Mr. David Spreckman
VP of Marketing & Communications
Ms. Destiny Thompson (Age 41)
Chief People Officer

Key Competitors

View All Competitors

VRNOF Stock - Frequently Asked Questions

Should I buy or sell Verano stock right now?: 5 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Verano in the last year. There are currently 1 hold rating and 4 buy ratings for the stock. The consensus among Wall Street equities 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 2022?: 5 brokers have issued 12 month price targets for Verano's stock. Their VRNOF share price forecasts range from $23.00 to $40.00. On average, they anticipate the company's share price to reach $29.75 in the next year. This suggests a possible upside of 459.2% from the stock's current price.
View analysts price targets for VRNOF or view top-rated stocks among Wall Street analysts.
How has Verano's stock performed in 2022?: Verano's stock was trading at $12.58 on January 1st, 2022. Since then, VRNOF stock has decreased by 57.7% and is now trading at $5.32.
View the best growth stocks for 2022 here.
When is Verano's next earnings date?: Verano is scheduled to release its next quarterly earnings announcement on Tuesday, August 9th 2022.
View our VRNOF earnings forecast.

How were Verano's earnings last quarter?: Verano Holdings Corp. (OTCMKTS:VRNOF) issued its quarterly earnings results on Wednesday, May, 25th. The company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.07 by $0.09. The firm had revenue of $202.24 million for the quarter, compared to analysts' expectations of $201.46 million. Verano had a negative trailing twelve-month return on equity of 5.83% and a negative net margin of 10.96%.
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 $5.32.
How much money does Verano make?: Verano (OTCMKTS:VRNOF) has a market capitalization of $85.28 million and generates $740,000.00 in revenue each year. The company earns $-14,680,000.00 in net income (profit) each year or ($0.35) on an earnings per share basis.
How many employees does Verano have?: Verano employs 3,888 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.

This page (OTCMKTS:VRNOF) was last updated on 8/10/2022 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

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Verano (OTCMKTS:VRNOF) Stock

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

Should I buy or sell Verano stock right now?

What is Verano's stock price forecast for 2022?

How has Verano's stock performed in 2022?

When is Verano's next earnings date?

How were Verano's earnings last quarter?

What is Verano's stock symbol?

How do I buy shares of Verano?

What is Verano's stock price today?

How much money does Verano make?

How many employees does Verano have?

How can I contact Verano?

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Overall MarketRank^™