TerrAscend (OTCMKTS:TRSSF – Get Rating) is one of 32 publicly-traded companies in the “Agricultural production – crops” industry, but how does it contrast to its peers? We will compare TerrAscend to similar companies based on the strength of its earnings, analyst recommendations, institutional ownership, dividends, risk, profitability and valuation.
Earnings and Valuation
This table compares TerrAscend and its peers revenue, earnings per share and valuation.
|Gross Revenue||Net Income||Price/Earnings Ratio|
|TerrAscend||$210.42 million||$3.11 million||-1.33|
|TerrAscend Competitors||$1.63 billion||$92.12 million||7.26|
TerrAscend’s peers have higher revenue and earnings than TerrAscend. TerrAscend is trading at a lower price-to-earnings ratio than its peers, indicating that it is currently more affordable than other companies in its industry.
|Net Margins||Return on Equity||Return on Assets|
This is a summary of recent ratings and price targets for TerrAscend and its peers, as reported by MarketBeat.com.
|Sell Ratings||Hold Ratings||Buy Ratings||Strong Buy Ratings||Rating Score|
TerrAscend presently has a consensus price target of $3.57, indicating a potential upside of 100.37%. As a group, “Agricultural production – crops” companies have a potential upside of 63.97%. Given TerrAscend’s higher possible upside, equities research analysts plainly believe TerrAscend is more favorable than its peers.
Institutional & Insider Ownership
0.0% of TerrAscend shares are owned by institutional investors. Comparatively, 28.7% of shares of all “Agricultural production – crops” companies are owned by institutional investors. 44.3% of TerrAscend shares are owned by company insiders. Comparatively, 21.5% of shares of all “Agricultural production – crops” companies are owned by company insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock is poised for long-term growth.
TerrAscend peers beat TerrAscend on 7 of the 12 factors compared.
TerrAscend Corp. cultivates, processes, and sells medical and adult use cannabis in Canada and the United States. It produces and distributes hemp-derived wellness products to retail locations; and manufactures cannabis infused artisan edibles. The company also operates three retail dispensaries under the Apothecarium brand name in California and Pennsylvania. In addition, it owns various synergistic under Gage Cannabis, Ilera Healthcare, Kind Tree, Prism, State Flower, Valhalla Confections, and Arise Bioscience Inc. brands. As of July 26, 2022, the company operated 27 dispensaries, including 3 Cookies dispensaries in Michigan and 1 in Toronto. TerrAscend Corp. was incorporated in 2017 and is headquartered in Mississauga, Canada.
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