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Ayr Wellness Inc. (OTCMKTS:AYRWF) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Defense World ·  Feb 7, 2023 02:22

Shares of Ayr Wellness Inc. (OTCMKTS:AYRWF – Get Rating) have earned a consensus recommendation of "Moderate Buy" from the eight ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12 month price target among analysts that have covered the stock in the last year is $22.05.

AYRWF has been the topic of several recent research reports. BTIG Research initiated coverage on Ayr Wellness in a report on Friday, October 28th. They set a "buy" rating on the stock. Cantor Fitzgerald decreased their price objective on Ayr Wellness from $4.65 to $4.25 and set a "neutral" rating on the stock in a report on Friday, November 11th.

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Ayr Wellness Trading Up 3.1 %

Shares of OTCMKTS:AYRWF opened at $1.31 on Tuesday. The stock has a 50 day moving average of $1.59 and a 200 day moving average of $3.05. The company has a market cap of $90.57 million and a PE ratio of -1.56. The company has a current ratio of 0.99, a quick ratio of 0.51 and a debt-to-equity ratio of 0.45. Ayr Wellness has a 12-month low of $1.19 and a 12-month high of $18.44.

Ayr Wellness (OTCMKTS:AYRWF – Get Rating) last posted its quarterly earnings results on Thursday, November 10th. The company reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.43) by ($0.09). Ayr Wellness had a negative return on equity of 11.20% and a negative net margin of 13.16%. The business had revenue of $119.64 million during the quarter, compared to the consensus estimate of $118.98 million. As a group, equities research analysts expect that Ayr Wellness will post -1.75 EPS for the current year.

About Ayr Wellness

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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 vaporizers. It also provides administrative, consulting, and operations support services to licensed cannabis companies.

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