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

Key Points

• Curaleaf shares gapped down to an open of $4.36 from a prior close of $4.5330 but later traded up to $4.93 on a volume of 593,187 shares.
• Analyst sentiment is bullish: two firms rate Curaleaf a Strong Buy and one rates it a Buy, giving an average rating of Strong Buy.
• Company fundamentals show negative profitability (P/E -14.78, net margin -19.5%, ROE -15.57%) with a $3.21 billion market cap and consensus EPS around -$0.25 for the current fiscal year.

Curaleaf Holdings, Inc. (OTCMKTS:CURLF - Get Free Report)'s share price gapped down prior to trading on Wednesday . The stock had previously closed at $4.5330, but opened at $4.36. Curaleaf shares last traded at $4.93, with a volume of 593,187 shares traded.

Wall Street Analyst Weigh In

CURLF has been the subject of several research analyst reports. Atb Cap Markets upgraded Curaleaf from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 2nd. ATB Capital raised Curaleaf to an "outperform" rating in a research note on Tuesday, December 2nd. Finally, Canaccord Genuity Group upgraded Curaleaf to a "strong-buy" rating in a report on Thursday, October 9th. Two analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat, Curaleaf presently has an average rating of "Strong Buy".

Curaleaf Price Performance

The company has a current ratio of 1.47, a quick ratio of 0.71 and a debt-to-equity ratio of 0.96. The company has a market capitalization of $3.21 billion, a P/E ratio of -14.78 and a beta of 0.77. The company has a 50 day moving average price of $2.73 and a 200 day moving average price of $2.18.

Curaleaf (OTCMKTS:CURLF - Get Free Report) last issued its quarterly earnings data on Wednesday, November 5th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.07) by $0.01. Curaleaf had a negative return on equity of 15.57% and a negative net margin of 19.50%. On average, equities analysts predict that Curaleaf Holdings, Inc. will post -0.25 EPS 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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