Should I buy or sell Verano stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Verano in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities 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 brokerages have issued 1-year price targets for Verano's stock. Their VRNOF share price targets range from $7.00 to $7.00. On average, they expect the company's stock price to reach $7.00 in the next twelve months. This suggests a possible upside of 30.8% 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 stock has increased by 19.4% and is now trading at $5.35. View the best growth stocks for 2024 here .

Are investors shorting Verano?

Verano saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 517,200 shares, a drop of 25.7% from the March 15th total of 696,400 shares. Based on an average daily trading volume, of 503,400 shares, the days-to-cover ratio is presently 1.0 days. View Verano's Short Interest .

When is Verano's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024. View our VRNOF earnings forecast .

How were Verano's earnings last quarter?

Verano Holdings Corp. (OTCMKTS:VRNOF) announced its quarterly earnings data on Friday, March, 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by $0.02. The firm had revenue of $237.19 million for the quarter, compared to analysts' expectations of $233.22 million. Verano had a negative net margin of 12.50% and a negative trailing twelve-month return on equity of 4.49%.

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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$5.35

-0.05 (-0.93%)

(As of 04/18/2024 ET)

Compare

Today's Range: $5.12
▼
$5.42
50-Day Range: $4.20
▼
$6.30
52-Week Range: $2.53
▼
$7.08

Volume: 121,458 shs
Average Volume: 394,122 shs
Market Capitalization: $1.84 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

Get Verano alerts:

Verano MarketRank™ Stock Analysis

Analyst Rating: Buy
3.00 Rating Score
Upside/Downside: 30.8% Upside
$7.00 Price Target
Short Interest: Healthy
0.15% of Shares Sold Short
Dividend Strength: N/A
Sustainability: N/A
News Sentiment: 0.19
Based on 7 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Growing
From ($0.20) to ($0.16) 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.

2.44 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.

5.0

Short Interest

Percentage of Shares Shorted
0.15% 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 decreased by 25.73%, indicating that investor sentiment is improving 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.

1.8

News and Social Media Coverage

News Sentiment
Verano has a news sentiment score of 0.19. 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 is a lower news sentiment than the 0.50 average news sentiment score of Medical companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Verano this week, compared to 2 articles on an average week.
Search Interest
Only 3 people have searched for VRNOF on MarketBeat in the last 30 days. This is a decrease of -40% 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 -33% 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.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Verano are expected to grow in the coming year, from ($0.20) to ($0.16) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Verano is -15.73, 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 -15.73, 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

April 14, 2024 | seekingalpha.com

Verano Holdings Is No Bargain

April 13, 2024 | americanbankingnews.com

Research Analysts Issue Forecasts for Verano Holdings Corp.'s Q1 2024 Earnings (OTCMKTS:VRNOF)

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 12, 2024 | americanbankingnews.com

Verano Holdings Corp. (OTCMKTS:VRNOF) Sees Large Drop in Short Interest

April 3, 2024 | globenewswire.com

Verano to Report First Quarter 2024 Financial Results on May 8, 2024

March 24, 2024 | markets.businessinsider.com

Verano Holdings CIO To Share Insights Into Florida's Cannabis Boom At Benzinga Conference

March 22, 2024 | stockhouse.com

Verano Launches Cabbage Club(TM), Disrupting the Current Cannabis Retail Landscape with Industry-First National Membership Model

March 20, 2024 | finance.yahoo.com

Verano Launches Cabbage Club™, Disrupting the Current Cannabis Retail Landscape with Industry-First National Membership Model

April 19, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 20, 2024 | msn.com

Level Up Your Cannabis Experience: Join Verano's New Cabbage Club

March 16, 2024 | finanznachrichten.de

Verano Holdings Corp.: Verano Announces Revised Fourth Quarter and Full Year 2023 Financial Results

March 15, 2024 | globenewswire.com

Verano Announces Revised Fourth Quarter and Full Year 2023 Financial Results

March 14, 2024 | msn.com

Marijuana Company Verano Holdings Worth $2.1B, Outprices Its Expected 2024 Earnings

March 12, 2024 | investorplace.com

The 3 Most Undervalued Cannabis Stocks to Buy in March 2024

March 11, 2024 | msn.com

DEA Vs. White House: Agency Pushes Back On Medical Benefits Of Cannabis, Weed Stocks Wobble

March 11, 2024 | globenewswire.com

Verano Announces Upcoming Conference Participation

March 1, 2024 | markets.businessinsider.com

Maintaining Buy Rating: Verano Holdings’ Strong Cash Flow and Strategic Growth Outlook Despite Market Challenges

March 1, 2024 | finance.yahoo.com

Verano Holdings Corp. (PNK:VRNOF) Q4 2023 Earnings Call Transcript

February 29, 2024 | finanznachrichten.de

Verano Holdings Corp.: Verano Announces Fourth Quarter and Full Year 2023 Financial Results

February 29, 2024 | globenewswire.com

Verano Announces Fourth Quarter and Full Year 2023 Financial Results

February 27, 2024 | investorplace.com

3 Cannabis Stocks Blazing a Trail to Legalization

February 24, 2024 | benzinga.com

Verano Holdings Stock (OTC:VRNOF) Insider Trades

February 20, 2024 | msn.com

Medtronic (MDT) Q3 Earnings and Revenues Beat Estimates

February 18, 2024 | investorplace.com

The 3 Best Cannabis Stocks to Buy in February 2024

February 15, 2024 | globenewswire.com

Verano Expands Pennsylvania Retail Footprint with the Opening of Zen Leaf Norristown, the Company's 18th Affiliated Pennsylvania Dispensary and 138th Retail Location Nationwide

February 12, 2024 | markets.businessinsider.com

Fast Track Recap: Colorado & Michigan Weed Sales Decline, Virginia Eyes Legal Market, Stock Winners & Losers

February 9, 2024 | markets.businessinsider.com

Touchdown In Las Vegas: Exploring Nevada's Cannabis Field, Market And Companies Ahead Of Super Bowl LVIII

See More Headlines

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Company Calendar

Last Earnings: 3/15/2024
Today: 4/18/2024
Next Earnings (Estimated): 5/08/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: OTCMKTS
Sector: Medical
Industry: Agricultural production - crops
Sub-Industry: N/A
Current Symbol: OTCMKTS:VRNOF
CUSIP: N/A
CIK: 1848416
Web: www.verano.com
Phone: 312-265-0730
Fax: N/A
Employees: 3,900
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: $7.00
High Stock Price Target: $7.00
Low Stock Price Target: $7.00
Potential Upside/Downside: +29.6%
Consensus Rating: Buy
Rating Score (0-4): 3.00
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.34)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-117,350,000.00
Net Margins: -12.50%
Pretax Margin: 2.96%
Return on Equity: -4.49%
Return on Assets: -2.49%

Debt

Debt-to-Equity Ratio: 0.39
Current Ratio: 0.96
Quick Ratio: 0.62

Sales & Book Value

Annual Sales: $938.45 million
Price / Sales: 1.98
Cash Flow: $0.30 per share
Price / Cash Flow: 18.08
Book Value: $3.61 per share
Price / Book: 1.50

Miscellaneous

Outstanding Shares: 344,160,000
Free Float: 279,116,000
Market Cap: $1.86 billion
Optionable: Not Optionable
Beta: 1.58

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Key Executives

Mr. George P. Archos (Age 44)
Founder, Chairman & CEO
Comp: $517.25k
Mr. Darren Weiss Esq. (Age 40)
President
Comp: $481.69k
Mr. John Allen Tipton (Age 63)
President of Southern Region & Director
Comp: $6.8M
Mr. Samuel Dorf
Co-Founder & Chief Growth Officer
Mr. Brett Summerer (Age 46)
Chief Financial Officer
Mr. Edward Aloysious McDermott III
Chief Operating Officer
Mr. Aaron Miles (Age 45)
Chief Investment Officer
Julianna Paterra C.F.A.
Vice President of Investor Relations
Ms. Laura Marie Kalesnik
Chief Legal Officer, General Counsel & Secretary
Mr. David Spreckman (Age 33)
Chief Marketing Officer

Key Competitors

View All Competitors

VRNOF Stock Analysis - Frequently Asked Questions

Should I buy or sell Verano stock right now?: 3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Verano in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities 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 brokerages have issued 1-year price targets for Verano's stock. Their VRNOF share price targets range from $7.00 to $7.00. On average, they expect the company's stock price to reach $7.00 in the next twelve months. This suggests a possible upside of 30.8% 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 stock has increased by 19.4% and is now trading at $5.35.
View the best growth stocks for 2024 here.
Are investors shorting Verano?: Verano saw a drop in short interest in the month of March. As of March 31st, there was short interest totaling 517,200 shares, a drop of 25.7% from the March 15th total of 696,400 shares. Based on an average daily trading volume, of 503,400 shares, the days-to-cover ratio is presently 1.0 days.
View Verano's Short Interest.

When is Verano's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 8th 2024.
View our VRNOF earnings forecast.
How were Verano's earnings last quarter?: Verano Holdings Corp. (OTCMKTS:VRNOF) announced its quarterly earnings data on Friday, March, 15th. The company reported ($0.07) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.05) by $0.02. The firm had revenue of $237.19 million for the quarter, compared to analysts' expectations of $233.22 million. Verano had a negative net margin of 12.50% and a negative trailing twelve-month return on equity of 4.49%.
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.

This page (OTCMKTS:VRNOF) was last updated on 4/19/2024 by MarketBeat.com Staff

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