Curaleaf (OTCMKTS:CURLF) Shares Gap Up - Still a Buy?

Key Points

• Curaleaf (OTCMKTS:CURLF) gapped up pre-market to $3.90 from $3.7199 but was last trading at $3.53 on volume of about 427,000 shares, indicating an intra-day pullback despite the gap.
• Several analysts have recently upgraded the stock (Canaccord, ATB), leaving an average rating of Strong Buy with two Strong Buy and one Buy.
• Underlying fundamentals remain weak: market cap ~$2.48B, negative PE and EPS (reported -$0.06 beating -$0.07; fiscal-year consensus -$0.25), negative margins and ROE, and a debt/equity around 0.96.

Curaleaf Holdings, Inc. (OTCMKTS:CURLF - Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $3.7199, but opened at $3.90. Curaleaf shares last traded at $3.53, with a volume of 426,983 shares changing hands.

Analyst Ratings Changes

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

Curaleaf Stock Performance

The firm has a market cap of $2.48 billion, a PE ratio of -11.44 and a beta of 0.77. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.47 and a quick ratio of 0.71. The stock has a 50-day moving average price of $2.70 and a 200 day moving average price of $2.13.

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