Curaleaf (OTCMKTS:CURLF) Shares Gap Up - Here's Why

Key Points

• Curaleaf's stock price increased from $2.85 to $3.00 before the market opened, with a total volume of 199,138 shares traded.
• The stock was upgraded from a "hold" to a "moderate buy" rating by Cormark, and currently has an average rating of "Strong Buy" from analysts.
• Despite beating earnings estimates with a reported loss of ($0.06) EPS, Curaleaf has a negative net margin of 18.08% and continues to forecast further losses for the current year.

Curaleaf Holdings, Inc. (OTCMKTS:CURLF - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $2.85, but opened at $3.00. Curaleaf shares last traded at $3.00, with a volume of 199,138 shares traded.

Wall Street Analyst Weigh In

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

Curaleaf Price Performance

The business's 50 day simple moving average is $1.91 and its 200-day simple moving average is $1.26. The company has a quick ratio of 0.70, a current ratio of 1.47 and a debt-to-equity ratio of 1.00. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of -9.25 and a beta of 0.75.

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, research analysts forecast 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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