Ayr Wellness Inc. (OTCMKTS:AYRWF) Receives Consensus Rating of “Buy” from Brokerages

Ayr Wellness Inc. (OTCMKTS:AYRWFGet Rating) has earned an average recommendation of “Buy” from the seven brokerages that are covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $48.55.

AYRWF has been the subject of several research analyst reports. Canaccord Genuity Group lowered their target price on Ayr Wellness from C$57.00 to C$40.00 and set a “buy” rating for the company in a research note on Friday, March 18th. Zacks Investment Research upgraded Ayr Wellness from a “sell” rating to a “hold” rating in a report on Wednesday. Cantor Fitzgerald reduced their price target on Ayr Wellness from $17.50 to $13.30 and set a “neutral” rating on the stock in a report on Friday, March 18th. Finally, Needham & Company LLC reduced their price target on Ayr Wellness from $28.00 to $21.00 and set a “buy” rating on the stock in a report on Friday, March 18th.

Shares of Ayr Wellness stock traded up $0.16 during trading on Friday, reaching $4.92. The company’s stock had a trading volume of 275,333 shares, compared to its average volume of 307,852. The business’s 50-day moving average price is $10.17 and its 200-day moving average price is $13.96. Ayr Wellness has a 52 week low of $4.61 and a 52 week high of $31.87. The company has a current ratio of 1.75, a quick ratio of 1.13 and a debt-to-equity ratio of 0.37.

Ayr Wellness (OTCMKTS:AYRWFGet Rating) last posted its quarterly earnings results on Thursday, March 17th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.05). The company had revenue of $111.77 million during the quarter, compared to analyst estimates of $105.55 million. Ayr Wellness had a negative net margin of 4.74% and a negative return on equity of 6.15%. As a group, sell-side analysts forecast that Ayr Wellness will post -0.89 EPS for the current year.

Ayr Wellness Company Profile (Get Rating)

Ayr Wellness Inc, a vertically-integrated cannabis multi-state operator, cultivates, manufactures, and retails cannabis products and branded cannabis packaged goods. The company's cannabis and cannabis products include concentrates, edibles, and vaporizer products. It also provides administrative, consulting, and operations support services to licensed cannabis companies.

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Analyst Recommendations for Ayr Wellness (OTCMKTS:AYRWF)

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