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

Key Points

• Curaleaf Holdings, Inc. shares gapped down from $2.86 to $2.56 prior to trading, with a recent trading price of $2.77.
• Cormark upgraded the stock from a "hold" to a "moderate buy" rating, contributing to an overall average rating of "Strong Buy" among analysts.
• The company reported earnings per share of ($0.06) for the latest quarter, surpassing the consensus estimate and projecting a forecast of -0.25 EPS for the current fiscal year.

Curaleaf Holdings, Inc. (OTCMKTS:CURLF - Get Free Report) shares gapped down prior to trading on Thursday . The stock had previously closed at $2.86, but opened at $2.56. Curaleaf shares last traded at $2.77, with a volume of 309,401 shares changing hands.

Wall Street Analyst Weigh In

Separately, Cormark raised shares of Curaleaf from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Strong Buy".

Curaleaf Trading Down 4.5%

The firm has a market capitalization of $1.83 billion, a PE ratio of -8.54 and a beta of 0.78. The firm's fifty day moving average is $2.04 and its two-hundred day moving average is $1.30. The company has a debt-to-equity ratio of 1.00, a current ratio of 1.47 and a quick ratio of 0.70.

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, topping 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, equities analysts predict that Curaleaf Holdings, Inc. will post -0.25 EPS 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.

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