Curaleaf (OTCMKTS:CURLF) Sees Large Volume Increase - What's Next?

Key Points

• Curaleaf Holdings, Inc. experienced a significant increase in trading volume, with 1,541,046 shares traded, up 112% from the previous session's volume.
• Cormark upgraded Curaleaf from a "hold" to a "moderate buy" rating, signaling increased analyst confidence in the stock.
• The company reported a quarterly earnings per share of ($0.06), surpassing analysts' expectations by $0.01, despite having a negative net margin of 18.08%.

Shares of Curaleaf Holdings, Inc. (OTCMKTS:CURLF - Get Free Report) saw strong trading volume on Tuesday . 1,541,046 shares were traded during mid-day trading, an increase of 112% from the previous session's volume of 726,477 shares.The stock last traded at $2.84 and had previously closed at $2.76.

Analyst Upgrades and Downgrades

Separately, Cormark upgraded shares of Curaleaf from a "hold" rating to a "moderate buy" rating in a report on Friday, August 8th.

Curaleaf Stock Down 9.5%

The stock has a market capitalization of $1.78 billion, a P/E ratio of -8.31 and a beta of 0.69. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.47 and a quick ratio of 0.70. The stock's fifty day moving average is $1.27 and its two-hundred day moving average is $1.11.

Curaleaf (OTCMKTS:CURLF - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.07) by $0.01. Curaleaf had a negative net margin of 18.08% and a negative return on equity of 14.61%. As a group, research analysts predict that Curaleaf Holdings, Inc. will post -0.25 earnings per share for the current fiscal year.

About Curaleaf

Curaleaf Holdings, Inc operates a cannabis operator in the United States. It operates through two segments, Domestic Operations and International Operations. The company offers flower, pre-rolls, flower pots, and dry-herb vaporizer cartridges; concentrates for vaporizing which includes pre-filled vaporizer cartridges and disposable vaporizer pens; and concentrates for dabbing, such as mints, distillate droppers, mints, topical balms and lotions, tinctures, lozenges, capsules, and edibles.