Curaleaf (OTCMKTS:CURLF) Shares Gap Down - What's Next?

Key Points

• Curaleaf's share price gapped down from $3.30 to $3.00 before trading, with a last trade at $3.09 and a trading volume of 342,619 shares.
• Cormark upgraded Curaleaf from a "hold" to a "moderate buy" rating, and the stock has a consensus rating of "Strong Buy" among analysts.
• In its recent quarterly earnings, Curaleaf reported a loss of ($0.06) earnings per share, beating expectations, but maintained a negative net margin of 18.08% and an anticipated annual loss of -0.25 EPS.

Curaleaf Holdings, Inc. (OTCMKTS:CURLF - Get Free Report)'s stock price gapped down before the market opened on Tuesday . The stock had previously closed at $3.30, but opened at $3.00. Curaleaf shares last traded at $3.09, with a volume of 342,619 shares traded.

Wall Street Analysts Forecast Growth

Separately, Cormark upgraded Curaleaf from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the company has an average rating of "Strong Buy".

Curaleaf Trading Up 1.8%

The firm has a 50-day moving average of $1.91 and a 200 day moving average of $1.26. The company has a market cap of $1.91 billion, a P/E ratio of -8.91 and a beta of 0.78. The company has a current ratio of 1.47, a quick ratio of 0.70 and a debt-to-equity ratio of 1.00.

Curaleaf (OTCMKTS:CURLF - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate 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, analysts predict 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.