Verano Holdings Corp. (OTCMKTS:VRNOF – Get Free Report)’s share price dropped 5.1% during trading on Thursday . The stock traded as low as $5.81 and last traded at $5.94. Approximately 231,091 shares were traded during trading, a decline of 43% from the average daily volume of 406,398 shares. The stock had previously closed at $6.26.
Analysts Set New Price Targets
Separately, Needham & Company LLC increased their price target on Verano from $6.00 to $7.00 and gave the stock a “buy” rating in a research report on Friday, March 1st.
View Our Latest Research Report on Verano
Verano Stock Performance
Verano (OTCMKTS:VRNOF – Get Free Report) last issued its quarterly earnings data on Friday, March 15th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). Verano had a negative net margin of 12.50% and a negative return on equity of 4.49%. The firm had revenue of $237.19 million during the quarter, compared to analyst estimates of $233.22 million. As a group, analysts predict that Verano Holdings Corp. will post -0.2 EPS for the current fiscal year.
About Verano
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, California, Connecticut, Florida, Illinois, Maryland, Massachusetts, Michigan, Missouri, Nevada, New Jersey, Ohio, Pennsylvania, and West Virginia.
Featured Stories
- Five stocks we like better than Verano
- What is Forex and How Does it Work?
- 3 Value Stocks Too Small For Buffett’s Portfolio
- What Does a Gap Up Mean in Stocks? How to Play the Gap
- Foot Locker Builds Up Another Head of Steam; Gains Imminent
- What is Insider Trading? What You Can Learn from Insider Trading
- Disney Stock Catches 3 Upgrades In a Single Week
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 MarketBeat.com's FREE daily email newsletter.