Should I buy or sell Verano stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Verano in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" VRNOF shares. View VRNOF analyst ratings or view top-rated stocks .

What is Verano's stock price target for 2024?

3 Wall Street research analysts have issued 1 year price objectives for Verano's shares. Their VRNOF share price targets range from $7.00 to $7.00. On average, they anticipate the company's share price to reach $7.00 in the next year. This suggests a possible upside of 31.8% from the stock's current price. View analysts price targets for VRNOF or view top-rated stocks among Wall Street analysts .

How have VRNOF shares performed in 2024?

Verano's stock was trading at $4.48 on January 1st, 2024. Since then, VRNOF shares have increased by 18.5% and is now trading at $5.31. View the best growth stocks for 2024 here .

Are investors shorting Verano?

Verano saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 642,400 shares, an increase of 21.8% from the April 15th total of 527,400 shares. Based on an average daily volume of 653,500 shares, the short-interest ratio is currently 1.0 days. View Verano's Short Interest .

How were Verano's earnings last quarter?

Verano Holdings Corp. (OTCMKTS:VRNOF) issued its quarterly earnings data on Wednesday, May, 8th. The company reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.08) by $0.07. The firm had revenue of $221.31 million for the quarter, compared to the consensus estimate of $215.71 million. Verano had a negative trailing twelve-month return on equity of 4.28% and a negative net margin of 12.11%.

How do I buy shares of Verano?

Shares of VRNOF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services. Compare Top Brokerages Here .

OTCMKTS:VRNOF

Verano (VRNOF) Stock Price, News & Analysis

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$5.31

-0.09 (-1.67%)

(As of 05/16/2024 ET)

Compare

Today's Range: $5.30
▼
$5.95
50-Day Range: $4.20
▼
$6.30
52-Week Range: $2.53
▼
$7.08

Volume: 522,727 shs
Average Volume: 644,985 shs
Market Capitalization: $1.83 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $7.00

Stock Analysis Analyst Forecasts Chart Earnings Financials Headlines SEC Filings Short Interest

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Verano MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 31.8% Upside
$7.00 Price Target
Short Interest: Healthy
0.19% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.56
Based on 25 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.14) to ($0.09) Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.93 out of 5 stars

3.5

Analyst's Opinion

Consensus Rating
Verano has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.
Amount of Analyst Coverage
Verano has only been the subject of 1 research reports in the past 90 days.
Read more about Verano's stock forecast and price target.

3.0

Short Interest

Percentage of Shares Shorted
0.19% of the outstanding shares of Verano have been sold short.
Short Interest Ratio / Days to Cover
Verano has a short interest ratio ("days to cover") of 1, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Verano has recently increased by 21.81%, indicating that investor sentiment is decreasing significantly.

0.0

Dividend Strength

Dividend Yield
Verano does not currently pay a dividend.
Dividend Growth
Verano does not have a long track record of dividend growth.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for VRNOF.

2.0

News and Social Media Coverage

News Sentiment
Verano has a news sentiment score of 0.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Medical companies.
News Coverage This Week
MarketBeat has tracked 25 news articles for Verano this week, compared to 2 articles on an average week.
Search Interest
Only 2 people have searched for VRNOF on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
MarketBeat Follows
Only 2 people have added Verano to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

0.8

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Verano insiders have not sold or bought any company stock.
Percentage Held by Insiders
18.90% of the stock of Verano is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 8.98% of the stock of Verano is held by institutions.
Read more about Verano's insider trading history.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Verano are expected to grow in the coming year, from ($0.14) to ($0.09) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Verano is -16.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Verano is -16.59, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Verano has a P/B Ratio of 1.48. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Verano Stock (OTCMKTS:VRNOF)

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. It offers cannabis products under the Encore, Avexia, MUV, Savvy, BITS, and Verano brands for medical and adult-use markets. The company is headquartered in Chicago, Illinois.

VRNOF Stock Price History

30 days | 90 days | 365 days | Advanced Chart

VRNOF Stock News Headlines

May 14 at 7:27 PM | seekingalpha.com

What Has Verano So Optimistic About The Cannabis Industry?