Ascend Wellness (OTC:AAWH) Trading 2.9% Higher - Still a Buy?

Ascend Wellness Holdings, Inc. (OTC:AAWH - Get Free Report) shares shot up 2.9% during mid-day trading on Tuesday . The company traded as high as $0.44 and last traded at $0.43. 123,729 shares were traded during mid-day trading, a decline of 48% from the average session volume of 236,346 shares. The stock had previously closed at $0.42.

Ascend Wellness Stock Performance

The stock has a market cap of $102.88 million, a price-to-earnings ratio of -1.17 and a beta of 1.37. The company's 50 day simple moving average is $0.60 and its 200 day simple moving average is $0.82. The company has a debt-to-equity ratio of 2.61, a quick ratio of 0.80 and a current ratio of 1.47.

Ascend Wellness (OTC:AAWH - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.10) by ($0.03). The company had revenue of $141.65 million for the quarter, compared to analyst estimates of $144.13 million. Ascend Wellness had a negative net margin of 15.47% and a negative return on equity of 72.18%. On average, equities research analysts anticipate that Ascend Wellness Holdings, Inc. will post -0.37 earnings per share for the current 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.