Curaleaf (OTCMKTS:CURLF) Sees Strong Trading Volume - Should You Buy?

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 an uptick in trading volume on Tuesday . 1,541,046 shares changed hands during 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.

Wall Street Analyst Weigh In

Separately, Cormark raised Curaleaf from a "hold" rating to a "moderate buy" rating in a research note on Friday.

Curaleaf Price Performance

The company has a current ratio of 1.41, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08. The stock has a market cap of $1.89 billion, a P/E ratio of -8.80 and a beta of 0.69. The business has a 50-day simple moving average of $1.11 and a 200 day simple moving average of $1.06.

Curaleaf (OTCMKTS:CURLF - Get Free Report) last released its quarterly earnings results on Wednesday, August 6th. The company reported ($0.06) earnings per share for the quarter, beating 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 14.41%. On average, analysts forecast that Curaleaf Holdings, Inc. will post -0.25 earnings per share for the current year.

Curaleaf Company Profile

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.

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