Ventum Cap Mkts Comments on Ascend Wellness Q4 Earnings

Ascend Wellness Holdings, Inc. (OTC:AAWH) – Stock analysts at Ventum Cap Mkts issued their Q4 2024 earnings per share (EPS) estimates for shares of Ascend Wellness in a report released on Tuesday, November 12th. Ventum Cap Mkts analyst A. Semple anticipates that the company will post earnings of ($0.07) per share for the quarter. The consensus estimate for Ascend Wellness’ current full-year earnings is ($0.32) per share. Ventum Cap Mkts also issued estimates for Ascend Wellness’ FY2025 earnings at ($0.26) EPS and FY2026 earnings at ($0.18) EPS.

Ascend Wellness (OTC:AAWH) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.10) by ($0.03). Ascend Wellness had a negative return on equity of 72.18% and a negative net margin of 15.47%. The company had revenue of $141.65 million during the quarter, compared to the consensus estimate of $144.13 million.

Ascend Wellness Stock Down 6.8 %

Shares of Ascend Wellness stock opened at $0.47 on Friday. Ascend Wellness has a 1 year low of $0.42 and a 1 year high of $1.82. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.47 and a quick ratio of 1.29. The stock has a market cap of $99.66 million, a price-to-earnings ratio of -1.13 and a beta of 1.69. The firm’s 50-day moving average is $0.82 and its two-hundred day moving average is $0.95.

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.