Curaleaf (OTCMKTS:CURLF) Shares Down 6.5% - Time to Sell?

Key Points

• Curaleaf Holdings, Inc. shares fell by 6.5%, trading at $2.73, with a volume decline of 23% compared to its average daily volume.
• Cormark upgraded Curaleaf from a "hold" to a "moderate buy" rating, while the consensus rating remains a "Strong Buy."
• In its latest earnings report, Curaleaf posted a loss of ($0.06) EPS, slightly beating analysts' expectations, but it continues to face challenges with a negative net margin of 18.08% and a negative return on equity of 14.61%.

Curaleaf Holdings, Inc. (OTCMKTS:CURLF - Get Free Report) shares dropped 6.5% during mid-day trading on Wednesday . The stock traded as low as $2.73 and last traded at $2.73. Approximately 633,764 shares changed hands during mid-day trading, a decline of 23% from the average daily volume of 818,866 shares. The stock had previously closed at $2.92.

Wall Street Analyst Weigh In

Separately, Cormark upgraded Curaleaf from a "hold" rating to a "moderate buy" rating in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat, Curaleaf presently has a consensus rating of "Strong Buy".

Curaleaf Trading Down 6.2%

The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.70 and a current ratio of 1.47. The company has a market capitalization of $1.84 billion, a price-to-earnings ratio of -8.56 and a beta of 0.78. The business's 50-day simple moving average is $1.79 and its 200-day simple moving average is $1.23.

Curaleaf (OTCMKTS:CURLF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.06) earnings per share (EPS) 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 14.61%. On average, research analysts expect that Curaleaf Holdings, Inc. will post -0.25 earnings per share for the current fiscal 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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