Cresco Labs Inc. (OTCMKTS:CRLBF) Receives Average Recommendation of "Buy" from Analysts

Shares of Cresco Labs Inc. (OTCMKTS:CRLBF - Get Free Report) have earned an average rating of "Buy" from the four analysts that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold rating and two have given a strong buy rating to the company.

Several equities research analysts recently commented on CRLBF shares. Canaccord Genuity Group downgraded Cresco Labs from a "strong-buy" rating to a "moderate buy" rating in a report on Tuesday, June 3rd. Cormark upgraded Cresco Labs from a "hold" rating to a "moderate buy" rating in a report on Monday, March 17th.

Cresco Labs Stock Down 0.7%

Shares of CRLBF traded down $0.00 during trading hours on Friday, hitting $0.54. The company had a trading volume of 293,456 shares, compared to its average volume of 652,375. The firm has a fifty day moving average price of $0.68 and a 200-day moving average price of $0.82. The company has a debt-to-equity ratio of 1.80, a quick ratio of 1.39 and a current ratio of 1.97. The stock has a market capitalization of $263.48 million, a price-to-earnings ratio of -2.68 and a beta of 1.47. Cresco Labs has a 52-week low of $0.49 and a 52-week high of $2.05.

Cresco Labs (OTCMKTS:CRLBF - Get Free Report) last released its quarterly earnings data on Friday, May 30th. The company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Cresco Labs had a negative return on equity of 16.52% and a negative net margin of 9.15%. The business had revenue of $165.76 million during the quarter, compared to the consensus estimate of $164.37 million. On average, equities research analysts forecast that Cresco Labs will post -0.2 EPS for the current fiscal 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.