Ascend Wellness Holdings, Inc. (OTC:AAWH - Free Report) - Equities researchers at Seaport Res Ptn cut their FY2024 earnings per share (EPS) estimates for shares of Ascend Wellness in a report issued on Tuesday, November 19th. Seaport Res Ptn analyst S. Randhawa now anticipates that the company will post earnings of ($0.48) per share for the year, down from their previous forecast of ($0.41). The consensus estimate for Ascend Wellness' current full-year earnings is ($0.35) per share. Seaport Res Ptn also issued estimates for Ascend Wellness' Q4 2024 earnings at ($0.15) EPS, Q1 2025 earnings at ($0.14) EPS, Q2 2025 earnings at ($0.13) EPS, Q3 2025 earnings at ($0.12) EPS, Q4 2025 earnings at ($0.12) EPS and FY2025 earnings at ($0.51) EPS.
Ascend Wellness (OTC:AAWH - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.10) by ($0.03). The firm 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%.
Ascend Wellness Stock Performance
Shares of OTC:AAWH remained flat at $0.44 during midday trading on Friday. The stock had a trading volume of 692,585 shares, compared to its average volume of 224,433. The company has a current ratio of 1.47, a quick ratio of 0.80 and a debt-to-equity ratio of 2.61. Ascend Wellness has a 1-year low of $0.39 and a 1-year high of $1.82. The company has a market cap of $94.05 million, a PE ratio of -1.07 and a beta of 1.69. The business has a 50 day moving average of $0.77 and a two-hundred day moving average of $0.93.
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About Ascend Wellness
(
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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.
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