Ascend Wellness (OTCMKTS:AAWH) Shares Down 1.4% – What’s Next?

Ascend Wellness Holdings, Inc. (OTCMKTS:AAWH) traded down 1.4% during trading on Friday . The stock traded as low as $0.47 and last traded at $0.4750. 25,948 shares changed hands during mid-day trading, a decline of 56% from the average session volume of 58,466 shares. The stock had previously closed at $0.4818.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Ascend Wellness from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 25th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, Ascend Wellness currently has an average rating of “Hold”.

Ascend Wellness Price Performance

The company has a quick ratio of 1.14, a current ratio of 1.92 and a debt-to-equity ratio of 133.34. The company has a market capitalization of $97.11 million, a P/E ratio of -0.82 and a beta of 1.12. The business has a 50 day simple moving average of $0.58 and a 200-day simple moving average of $0.66.

Ascend Wellness (OTCMKTS:AAWH) last released its quarterly earnings results on Thursday, March 12th. The company reported ($0.16) EPS for the quarter, missing the consensus estimate of ($0.12) by ($0.04). The firm had revenue of $120.55 million for the quarter, compared to the consensus estimate of $120.00 million. Ascend Wellness had a negative return on equity of 1,099.51% and a negative net margin of 23.61%. Analysts predict that Ascend Wellness Holdings, Inc. will post -0.4 EPS for the current fiscal year.

Ascend Wellness Company Profile

Ascend Wellness Holdings, Inc engages in the cultivation, manufacture, and distribution of cannabis consumer packaged goods in the United States. The company offers flower, pre-rolls, concentrates, vapes, edibles, tinctures, and other cannabis-related products under the Common Goods, SimplyHerb, Ozone, Ozone Reserve, Royale, Tunnel Vision, Miss Grass, Lowell Smokes, Edie Parker, 1906, and AiroPro brands. It also owns, operates, and manages cannabis cultivation facilities and dispensaries. The company sells its products through company-owned retail stores and third-party licensed retail cannabis stores.