Ascend Wellness (OTC:AAWH) Shares Down 3.2% – What’s Next?

Shares of Ascend Wellness Holdings, Inc. (OTC:AAWH) traded down 3.2% on Wednesday . The stock traded as low as $0.42 and last traded at $0.43. 63,845 shares changed hands during trading, a decline of 69% from the average session volume of 204,309 shares. The stock had previously closed at $0.44.

Ascend Wellness Stock Performance

The stock has a fifty day moving average of $0.47 and a 200-day moving average of $0.77. The firm has a market capitalization of $92.18 million, a P/E ratio of -1.05 and a beta of 1.34. The company has a quick ratio of 0.80, a current ratio of 1.47 and a debt-to-equity ratio of 2.61.

Ascend Wellness (OTC:AAWH) last announced 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 business had revenue of $141.65 million during the quarter, compared to the consensus estimate of $144.13 million. Ascend Wellness had a negative return on equity of 72.18% and a negative net margin of 15.47%. On average, research analysts anticipate that Ascend Wellness Holdings, Inc. will post -0.37 EPS 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.