Jushi (OTCMKTS:JUSHF) Shares Up 12.8% – Should You Buy?

Shares of Jushi Holdings Inc. (OTCMKTS:JUSHF) shot up 12.8% during trading on Tuesday . The stock traded as high as $0.32 and last traded at $0.31. 296,578 shares were traded during trading, an increase of 14% from the average session volume of 260,810 shares. The stock had previously closed at $0.28.

Analyst Ratings Changes

Separately, Atb Cap Markets downgraded shares of Jushi from a “hold” rating to a “strong sell” rating in a research note on Monday, December 9th.

Jushi Stock Up 12.8 %

The company’s 50 day simple moving average is $0.35 and its 200-day simple moving average is $0.48. The firm has a market cap of $61.15 million, a P/E ratio of -1.15 and a beta of -1.22.

Jushi (OTCMKTS:JUSHF) last announced its quarterly earnings results on Thursday, November 7th. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.04). Jushi had a negative net margin of 20.93% and a negative return on equity of 5,529.11%. The company had revenue of $61.61 million during the quarter, compared to analysts’ expectations of $65.53 million. Equities research analysts predict that Jushi Holdings Inc. will post -0.23 EPS for the current year.

About Jushi

Jushi Holdings Inc, a vertically integrated cannabis company, engages in the cultivation, processing, retail, and distribution of cannabis for medical and adult-use markets. The company offers flower, extracts, concentrates, edibles, oil, pre-rolls, tinctures, capsules, softgels, cannabis-infused gummies and ultra-premium chocolate, and topicals products, as well as vaporization devices and cartridges under The Bank, The Lab, Nira+ Medicinals, Sèchè, Tasteology, and Hijinks brands.