Curaleaf (OTCMKTS:CURLF) Shares Gap Up - Time to Buy?

Key Points

• Curaleaf Holdings, Inc. stock opened at $2.22 after closing at $2.04, with the last traded price reaching $2.51 on a trading volume of 722,339 shares.
• Analysts at Cormark upgraded Curaleaf from a "hold" rating to a "moderate buy" rating, indicating positive sentiment in the market.
• The company reported quarterly earnings of ($0.06) per share, beating consensus estimates and reflecting ongoing operational challenges with a negative net margin of 18.08%.

Curaleaf Holdings, Inc. (OTCMKTS:CURLF - Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $2.04, but opened at $2.22. Curaleaf shares last traded at $2.51, with a volume of 722,339 shares trading 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.

Curaleaf Trading Up 22.5%

The company has a quick ratio of 0.70, a current ratio of 1.41 and a debt-to-equity ratio of 1.08. The company has a market cap of $1.68 billion, a price-to-earnings ratio of -7.81 and a beta of 0.69. The business's fifty day simple moving average is $1.07 and its two-hundred day simple moving average is $1.05.

Curaleaf (OTCMKTS:CURLF - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.07) by $0.01. Curaleaf had a negative net margin of 18.08% and a negative return on equity of 14.41%. On average, equities analysts predict that Curaleaf Holdings, Inc. will post -0.25 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.