Research Analysts Set Expectations for Ascend Wellness Holdings, Inc.’s Q2 2023 Earnings (OTC:AAWH)

Ascend Wellness Holdings, Inc. (OTC:AAWH – Get Rating) – Seaport Res Ptn dropped their Q2 2023 earnings per share (EPS) estimates for Ascend Wellness in a note issued to investors on Sunday, May 14th. Seaport Res Ptn analyst S. Randhawa now forecasts that the company will post earnings per share of ($0.09) for the quarter, down from their previous forecast of ($0.06). The consensus estimate for Ascend Wellness’ current full-year earnings is ($0.13) per share. Seaport Res Ptn also issued estimates for Ascend Wellness’ Q3 2023 earnings at ($0.07) EPS, Q4 2023 earnings at ($0.06) EPS and FY2023 earnings at ($0.31) EPS.

Get Ascend Wellness alerts:

Several other research analysts have also recently commented on AAWH. Cantor Fitzgerald began coverage on Ascend Wellness in a research report on Friday, February 10th. They issued a “neutral” rating for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $2.75 target price on shares of Ascend Wellness in a research report on Wednesday, March 15th.

Ascend Wellness Stock Up 1.8 %

AAWH opened at $0.86 on Wednesday. Ascend Wellness has a 1-year low of $0.81 and a 1-year high of $3.31. The company has a current ratio of 1.86, a quick ratio of 0.96 and a debt-to-equity ratio of 2.16. The stock has a market capitalization of $162.17 million, a price-to-earnings ratio of -2.26 and a beta of 2.63. The business has a 50 day moving average of $0.98 and a 200-day moving average of $1.33.

About Ascend Wellness

(Get Rating)

Ascend Wellness Holdings, Inc engages in the cultivation, manufacture, and distribution of cannabis consumer packaged goods. Its cannabis product categories include flowers, pre-rolls, concentrates, vapes, edibles, and other cannabis-related products. As of December 31, 2021, the company operated 20 retail locations.

See Also

• Get a free copy of the StockNews.com research report on Ascend Wellness (AAWH)
• 5 Best Bank ETFs to Buy Now
• How to Invest in Telehealth and Telemedicine Stocks
• Target’s Guidance Looms Over The Market 
• Want Clean Energy? Siemens May Be Pointing To A Breakout
• Up Over 2,600% in 5 Years, Wall Street Still Calls Celsius a Buy

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