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

Key Points

• Curaleaf Holdings, Inc.'s shares gapped down from a previous close of $2.93 to an opening price of $2.81, and last traded at $2.96 with a trading volume of 30,407 shares.
• Analysts have recently upgraded Curaleaf, with Cormark giving it a "moderate buy" rating and Canaccord Genuity labeling it a "strong buy," contributing to a consensus rating of "Strong Buy."
• Curaleaf reported a quarterly earnings result of ($0.06) EPS, beating the consensus estimate of ($0.07), but also has a negative return on equity of 14.61% and a negative net margin of 18.08%.

Shares of Curaleaf Holdings, Inc. (OTCMKTS:CURLF - Get Free Report) gapped down prior to trading on Friday . The stock had previously closed at $2.93, but opened at $2.81. Curaleaf shares last traded at $2.96, with a volume of 30,407 shares.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Cormark upgraded Curaleaf from a "hold" rating to a "moderate buy" rating in a report on Friday, August 8th. Canaccord Genuity Group raised Curaleaf to a "strong-buy" rating in a research report on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Strong Buy".

Curaleaf Trading Down 2.5%

The company has a 50 day moving average price of $2.89 and a 200 day moving average price of $1.69. The firm has a market cap of $1.92 billion, a price-to-earnings ratio of -8.93 and a beta of 0.71. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.70 and a current ratio of 1.47.

Curaleaf (OTCMKTS:CURLF - Get Free Report) last announced its quarterly earnings results on Wednesday, August 6th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. Curaleaf had a negative return on equity of 14.61% and a negative net margin of 18.08%. On average, research analysts expect 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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