Cresco Labs Inc. (OTCMKTS:CRLBF) Receives $3.00 Average Price Target from Analysts

Shares of Cresco Labs Inc. (OTCMKTS:CRLBF - Get Free Report) have earned an average rating of "Buy" from the five analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, one has issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $3.00.

Separately, Cormark upgraded Cresco Labs from a "hold" rating to a "moderate buy" rating in a report on Monday, March 17th.

Cresco Labs Stock Performance

Shares of CRLBF traded down $0.04 during mid-day trading on Thursday, reaching $0.63. The company had a trading volume of 363,896 shares, compared to its average volume of 677,722. The stock has a market capitalization of $309.39 million, a P/E ratio of -3.15 and a beta of 1.81. Cresco Labs has a 52-week low of $0.52 and a 52-week high of $2.60. The stock has a 50 day moving average of $0.74 and a two-hundred day moving average of $1.01. The company has a quick ratio of 1.39, a current ratio of 1.97 and a debt-to-equity ratio of 1.80.

Cresco Labs (OTCMKTS:CRLBF - Get Free Report) last posted its quarterly earnings data on Friday, March 14th. The company reported ($0.01) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.01). Cresco Labs had a negative net margin of 9.15% and a negative return on equity of 16.52%. The company had revenue of $176.00 million during the quarter, compared to analysts' expectations of $172.10 million. On average, analysts expect that Cresco Labs will post -0.2 earnings per share for the current year.

About Cresco Labs

Cresco Labs Inc, together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. It provides cannabis in flowers, vape pens, live resins, disposable pens, and extracts under the Cresco brand; vape carts, vape pens, flower, popcorn, shake, pre-rolls, shorties, and concentrates under the High Supply brand; vapes and gummies under the Good News brand; vapes and edibles under the Wonder Wellness Co brand; and tinctures, capsules, salves, and sublingual oils under the Remedi brand.