Acreage Holdings Inc

Company Profile

Acreage Holdings Inc had its IPO on under the ticker symbol ACRHF.

The company operates in the Healthcare sector and Drug Manufacturers-Specialty & Generic industry. Acreage Holdings Inc has a staff strength of 1,090 employees.

Stock update

Shares of Acreage Holdings Inc opened at $0.47 at the start of the last trading session i.e. 2023-03-28.

The stocks traded within a range of $0.47 - $0.55, and closed at $0.53.

This is a +8.57% increase from the previous day's closing price.

A total volume of 46,981 shares were traded at the close of the day’s session.

In the last one week, shares of Acreage Holdings Inc have increased by +2.87%.

Acreage Holdings Inc's Key Ratios

Acreage Holdings Inc has a market cap of $66.06 million, indicating a price to book ratio of 0.5659 and a price to sales ratio of 0.4254.

In the last 12-months Acreage Holdings Inc’s revenue was $237.75 million with a gross profit of $95.88 million and an EBITDA of $8.86 million. The EBITDA ratio measures Acreage Holdings Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Acreage Holdings Inc’s operating margin was -2.05% while its return on assets stood at -0.62% with a return of equity of -47.54%.

In Q3, Acreage Holdings Inc’s quarterly earnings growth was a positive 0% while revenue growth was a positive 27.6%.

Acreage Holdings Inc’s PE and PEG Ratio

Forward PE

10.4493

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $-0.76 per share while it has a forward price to earnings multiple of 10.4493 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Acreage Holdings Inc’s profitability.

Acreage Holdings Inc stock is trading at a EV to sales ratio of 1.2173 and a EV to EBITDA ratio of -9.3969. Its price to sales ratio in the trailing 12-months stood at 0.4254.

Acreage Holdings Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$482.90 million

Total Liabilities

$76.51 million

Operating Cash Flow

$4.16 million

Capital Expenditure

$706000

Dividend Payout Ratio

0%

Acreage Holdings Inc ended 2023 with $482.90 million in total assets and $0 in total liabilities. Its intangible assets were valued at $482.90 million while shareholder equity stood at $157.58 million.

Acreage Holdings Inc ended 2023 with $0 in deferred long-term liabilities, $76.51 million in other current liabilities, 157578000.00 in common stock, $-583052000.00 in retained earnings and $30.49 million in goodwill. Its cash balance stood at $26.48 million and cash and short-term investments were $26.48 million. The company’s total short-term debt was $7,218,000 while long-term debt stood at $194.87 million.

Acreage Holdings Inc’s total current assets stands at $93.27 million while long-term investments were $34.33 million and short-term investments were $0. Its net receivables were $11.97 million compared to accounts payable of $56.49 million and inventory worth $50.89 million.

In 2023, Acreage Holdings Inc's operating cash flow was $4.16 million while its capital expenditure stood at $706000.

Comparatively, Acreage Holdings Inc paid $0 in dividends in 2023.

Other key metrics

Current Trading Price

$0.53

52-Week High

$2.075

52-Week Low

$0.41

Analyst Target Price

$

Acreage Holdings Inc stock is currently trading at $0.53 per share. It touched a 52-week high of $2.075 and a 52-week low of $2.075. Analysts tracking the stock have a 12-month average target price of $.

Its 50-day moving average was $0.6 and 200-day moving average was $0.7 The short ratio stood at 0 indicating a short percent outstanding of 0%.

Around 510.1% of the company’s stock are held by insiders while 3.4% are held by institutions.