Ascend Wellness (OTC:AAWH) Trading Up 5.3% - What's Next?

Shares of Ascend Wellness Holdings, Inc. (OTC:AAWH - Get Free Report) traded up 5.3% during trading on Friday . The stock traded as high as $0.82 and last traded at $0.80. 57,558 shares traded hands during mid-day trading, a decline of 73% from the average session volume of 209,931 shares. The stock had previously closed at $0.76.

Analysts Set New Price Targets

Separately, Ventum Cap Mkts upgraded shares of Ascend Wellness to a "strong-buy" rating in a report on Tuesday, July 16th.

Ascend Wellness Trading Up 5.3 %

The company has a 50 day moving average of $0.94 and a 200-day moving average of $1.03. The stock has a market cap of $170.16 million, a price-to-earnings ratio of -3.48 and a beta of 1.70. The company has a debt-to-equity ratio of 2.46, a quick ratio of 1.29 and a current ratio of 2.29.

Ascend Wellness (OTC:AAWH - Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.03). Ascend Wellness had a negative return on equity of 50.77% and a negative net margin of 12.48%. The business had revenue of $141.54 million for the quarter, compared to analyst estimates of $145.48 million. On average, research analysts anticipate that Ascend Wellness Holdings, Inc. will post -0.32 earnings per share for the current year.

About Ascend Wellness

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.