TerrAscend (TSNDF) Stock Price, News & Analysis

Company Overview

TerrAscend Corp. cultivates, processes, and sells medical and adult use cannabis in Canada and the United States. The company produces and distributes hemp-derived wellness products to retail locations; and manufactures vaporizables, concentrates, topicals, tinctures and edibles. It also operates retail dispensaries under the Apothecarium and State Flower brand names. The company was incorporated in 2017 and is headquartered in Mississauga, Canada.

Key Stats

• Today's Range: $0.51 to $0.69
• 50-Day Range: $0.55 to $1.27
• 52-Week Range: $0.51 to $2.45
• Volume: 634,275 shs
• Average Volume: 343,230 shs
• Market Capitalization: $200.95 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: N/A
• Consensus Rating: Buy

TerrAscend Stock Analysis - MarketRank™

TerrAscend scored higher than 21% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for TerrAscend.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for TerrAscend are expected to grow in the coming year, from ($0.14) to ($0.04) per share.

Price to Book Value per Share Ratio

TerrAscend has a P/B Ratio of 0.83. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.60% of the outstanding shares of TerrAscend have been sold short.

Short Interest Ratio / Days to Cover

TerrAscend has a short interest ratio ("days to cover") of 4.4.

Change versus previous month

Short interest in TerrAscend has recently decreased by 6.75%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

TerrAscend does not currently pay a dividend.

Dividend Growth

TerrAscend does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

0.60% of the outstanding shares of TerrAscend have been sold short.

Short Interest Ratio / Days to Cover

TerrAscend has a short interest ratio ("days to cover") of 4.4.

Change versus previous month

Short interest in TerrAscend has recently decreased by 6.75%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 0.8 / 5
• News Sentiment: -0.59

News Sentiment

TerrAscend has a news sentiment score of -0.59. 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 0.55 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for TerrAscend this week, compared to 1 article on an average week.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, TerrAscend insiders have not sold or bought any company stock.

Percentage Held by Insiders

31.90% of the stock of TerrAscend is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 5.83% of the stock of TerrAscend is held by institutions.

TSNDF Stock Analysis - Frequently Asked Questions

How have TSNDF shares performed this year?

TerrAscend's stock was trading at $1.63 at the beginning of 2024. Since then, TSNDF shares have decreased by 57.8% and is now trading at $0.6875.
View the best growth stocks for 2024 here.

How were TerrAscend's earnings last quarter?

TerrAscend Corp. (OTCMKTS:TSNDF) posted its quarterly earnings results on Thursday, August, 8th. The company reported ($0.03) earnings per share for the quarter, missing the consensus estimate of ($0.02) by $0.01. The company earned $77.52 million during the quarter, compared to analyst estimates of $80.70 million. TerrAscend had a negative net margin of 23.95% and a negative trailing twelve-month return on equity of 31.48%.

How do I buy shares of TerrAscend?

Shares of TSNDF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 8/08/2024
• Today: 12/18/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: OTCMKTS
• Sector: Medical
• Industry: Agricultural production - crops
• Sub-Industry: Agriculture
• Current Symbol: OTCMKTS:TSNDF
• CUSIP: N/A
• CIK: 1778129
• Web: www.terrascend.com
• Phone: 855-837-7295
• Fax: N/A
• Employees: 1,165
• Year Founded: N/A

Profitability

• EPS (Most Recent Fiscal Year): N/A
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-95,540,000.00
• Net Margins: -23.95%
• Pretax Margin: -13.95%
• Return on Equity: -31.48%
• Return on Assets: -11.40%

Debt

• Debt-to-Equity Ratio: 0.81
• Current Ratio: 1.35
• Quick Ratio: 0.69

Sales & Book Value

• Annual Sales: $317.33 million
• Price / Sales: 0.63
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.83 per share
• Price / Book: 0.83

Miscellaneous

• Outstanding Shares: 292,287,000
• Free Float: 198,516,000
• Market Cap: $200.95 million
• Optionable: Not Optionable
• Beta: 1.61