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

Key Points

• Curaleaf shares saw a significant jump, opening at $2.65 after closing at $2.35, with the latest trading at $2.88 and a volume of 643,376 shares.
• Cormark upgraded the stock rating from "hold" to a "moderate buy," contributing to an overall analyst consensus of a Strong Buy rating for Curaleaf.
• Curaleaf reported an EPS of ($0.06) for the last quarter, surpassing estimates, but continues to face challenges with a negative net margin of 18.08%.

Curaleaf Holdings, Inc. (OTCMKTS:CURLF - Get Free Report) shares gapped up before the market opened on Monday . The stock had previously closed at $2.35, but opened at $2.65. Curaleaf shares last traded at $2.88, with a volume of 643,376 shares.

Analysts Set New Price Targets

Separately, Cormark raised shares of 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 MarketBeat.com, the company presently has an average rating of "Strong Buy".

Curaleaf Price Performance

The stock has a market capitalization of $1.98 billion, a PE ratio of -9.21 and a beta of 0.75. The company's fifty day simple moving average is $2.40 and its two-hundred day simple moving average is $1.41. 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 released its earnings results on Wednesday, August 6th. 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 net margin of 18.08% and a negative return on equity of 14.61%. As a group, sell-side 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.

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