Jushi (OTCMKTS:JUSHF) Trading 1.7% Higher – What’s Next?

Jushi Holdings Inc. (OTCMKTS:JUSHF) was up 1.7% during mid-day trading on Friday . The stock traded as high as $0.4559 and last traded at $0.4539. Approximately 42,150 shares were traded during mid-day trading, a decline of 96% from the average daily volume of 1,085,569 shares. The stock had previously closed at $0.4462.

Analyst Upgrades and Downgrades

Separately, Atb Cap Markets upgraded Jushi from a “strong sell” rating to a “strong-buy” rating in a report on Tuesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Strong Buy”.

Jushi Stock Performance

The firm has a market capitalization of $89.28 million, a PE ratio of -1.38 and a beta of -1.01. The stock’s 50-day simple moving average is $0.64 and its 200-day simple moving average is $0.53.

Jushi (OTCMKTS:JUSHF) last announced its earnings results on Tuesday, November 4th. The company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.07). The firm had revenue of $65.68 million for the quarter, compared to analysts’ expectations of $66.67 million. As a group, analysts predict that Jushi Holdings Inc. will post -0.23 earnings per share for the current fiscal year.

About Jushi

Jushi Holdings Inc, a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of cannabis for medical and adult-use markets. The company offers flower, extracts, concentrates, edibles, oil, pre-rolls, tinctures, capsules, softgels, cannabis-infused gummies and ultra-premium chocolate, and topicals products, as well as vaporization devices and cartridges under The Bank, The Lab, Nira+ Medicinals, Sèchè, Tasteology, and Hijinks brands.