Jushi (OTCMKTS:JUSHF) Stock Price Down 2.1% – Should You Sell?

Jushi Holdings Inc. (OTCMKTS:JUSHF)’s share price fell 2.1% on Tuesday . The company traded as low as $0.5951 and last traded at $0.5951. 97,407 shares traded hands during trading, a decline of 81% from the average session volume of 503,407 shares. The stock had previously closed at $0.6081.

Wall Street Analysts Forecast Growth

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

Jushi Stock Down 2.1%

The business has a 50-day moving average price of $0.55 and a 200-day moving average price of $0.60. The firm has a market capitalization of $117.06 million, a price-to-earnings ratio of -1.80 and a beta of -1.02.

Jushi (OTCMKTS:JUSHF) last posted its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $66.67 million. On average, equities research analysts forecast that Jushi Holdings Inc. will post -0.23 earnings per share for the current year.

About Jushi

Jushi Holdings Inc is a vertically integrated cannabis company engaged in the cultivation, manufacturing and sale of cannabis products across the United States. The company operates cultivation and processing facilities that support a diversified portfolio of consumer brands, serving both medical and adult-use markets. Through its in-house operations, Jushi produces hand-trimmed flower, pre-rolls, vaporizers, concentrates, edibles and topicals.

Jushi’s brand lineup includes Foray, Levia and Beboe, each designed to address distinct consumer preferences and consumption occasions.