Jushi (OTCMKTS:JUSHF) Stock Price Down 6.2% – What’s Next?

Jushi Holdings Inc. (OTCMKTS:JUSHF) dropped 6.2% on Tuesday . The company traded as low as $0.29 and last traded at $0.30. Approximately 186,835 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 301,970 shares. The stock had previously closed at $0.32.

Wall Street Analysts Forecast Growth

Separately, Atb Cap Markets downgraded Jushi from a “hold” rating to a “strong sell” rating in a research report on Monday, December 9th.

Jushi Stock Down 6.2 %

The company has a market cap of $59.36 million, a P/E ratio of -1.12 and a beta of -0.95. The company’s 50-day moving average is $0.32 and its two-hundred day moving average is $0.46.

Jushi (OTCMKTS:JUSHF) last issued its quarterly earnings results on Thursday, November 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.04). The firm had revenue of $61.61 million for the quarter, compared to the consensus estimate of $65.53 million. On average, analysts anticipate that Jushi Holdings Inc. will post -0.23 EPS for the current fiscal year.

Jushi Company Profile

Jushi Holdings Inc, a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of cannabis for medical and adult-use markets. The company offers flower, extracts, concentrates, edibles, oil, pre-rolls, tinctures, capsules, softgels, cannabis-infused gummies and ultra-premium chocolate, and topicals products, as well as vaporization devices and cartridges under The Bank, The Lab, Nira+ Medicinals, Sèchè, Tasteology, and Hijinks brands.