Is Ayr Wellness Cannabis Stock Overvalued? Betting On Growth Despite Profitability Challenges
Despite a tumultuous quarter, the U.S. multi-state cannabis operator (MSO) Ayr Wellness Inc. (OTC:AYRWF) has provided shareholders with a notable return over the past year. The stock, which surged an impressive 136% over the last twelve months, has recently experienced a downturn, shedding 15% of its value this quarter and 12% in just the past week.
Impact Of Profitability Challenges On Ayr’s Stock
This mixed performance can be seen as a cooling-off period following a significant rise, suggesting that investors might be reassessing the stock’s valuation in light of the company’s underlying financial health, noted Simply Wall Street. Ayr Wellness has not turned a profit in the last year, which typically diminishes the direct correlation between its earnings per share …