Ascend Wellness (OTC:AAWH) Stock Price Up 2.9% – Still a Buy?

Ascend Wellness Holdings, Inc. (OTC:AAWH)’s share price shot up 2.9% on Tuesday . The stock traded as high as $0.44 and last traded at $0.43. 123,729 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 236,346 shares. The stock had previously closed at $0.42.

Ascend Wellness Price Performance

The stock has a market capitalization of $91.68 million, a price-to-earnings ratio of -1.04 and a beta of 1.37. The company’s 50-day simple moving average is $0.61 and its 200-day simple moving average is $0.83. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.47 and a quick ratio of 0.80.

Ascend Wellness (OTC:AAWH) last released its quarterly earnings results on Tuesday, November 12th. The company reported ($0.13) earnings per share 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 return on equity of 72.18% and a negative net margin of 15.47%. Research analysts forecast that Ascend Wellness Holdings, Inc. will post -0.37 earnings per share for the current fiscal year.

Ascend Wellness Company Profile

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.