Verano (OTCMKTS:VRNOF) Stock Price Down 4.3%

Verano Holdings Corp. (OTCMKTS:VRNOFGet Free Report) fell 4.3% during trading on Monday . The stock traded as low as $3.99 and last traded at $4.01. 121,860 shares changed hands during mid-day trading, a decline of 75% from the average session volume of 480,361 shares. The stock had previously closed at $4.19.

Wall Street Analysts Forecast Growth

Separately, Needham & Company LLC reiterated a “buy” rating and issued a $7.00 price target on shares of Verano in a report on Wednesday, May 8th.

Read Our Latest Stock Analysis on Verano

Verano Price Performance

The company has a current ratio of 1.01, a quick ratio of 0.61 and a debt-to-equity ratio of 0.39. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of -12.19 and a beta of 1.29. The company has a 50 day moving average of $5.07 and a 200 day moving average of $5.05.

Verano (OTCMKTS:VRNOFGet Free Report) last released its quarterly earnings results on Wednesday, May 8th. The company reported ($0.01) EPS for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.07. Verano had a negative return on equity of 4.28% and a negative net margin of 12.11%. The company had revenue of $221.31 million for the quarter, compared to analyst estimates of $215.71 million. Equities research analysts predict that Verano Holdings Corp. will post -0.14 EPS for the current fiscal year.

Verano Company Profile

(Get Free Report)

Verano Holdings Corp. operates as a vertically integrated multi-state cannabis operator in the United States. The company engages in the cultivation, processing, wholesale, and retail distribution of cannabis in Arizona, Arkansas, Connecticut, Florida, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, Ohio, Pennsylvania, and West Virginia.

See Also

Receive News & Ratings for Verano Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Verano and related companies with's FREE daily email newsletter.