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

Key Points

• Curaleaf's stock price opened at $3.26 after closing at $3.00, reflecting a positive trading movement with a trading volume of 40,923 shares.
• Analysts have given Curaleaf a consensus rating of "Strong Buy", with upgrades from Canaccord Genuity Group and Cormark recently enhancing their ratings.
• In their latest quarterly earnings report, Curaleaf posted an EPS of ($0.06), exceeding expectations of ($0.07), despite negative net margins and anticipated future earnings challenges.

Curaleaf Holdings, Inc. (OTCMKTS:CURLF - Get Free Report)'s stock price gapped up before the market opened on Monday . The stock had previously closed at $3.00, but opened at $3.26. Curaleaf shares last traded at $3.08, with a volume of 40,923 shares changing hands.

Analysts Set New Price Targets

A number of brokerages have commented on CURLF. Canaccord Genuity Group upgraded shares of Curaleaf to a "strong-buy" rating in a research note on Thursday. Cormark upgraded Curaleaf from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 8th. Two investment analysts have rated the stock with a Strong Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of "Strong Buy".

Curaleaf Price Performance

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 firm has a market cap of $2.04 billion, a P/E ratio of -9.48 and a beta of 0.71. The business has a fifty day moving average of $2.76 and a 200 day moving average of $1.57.

Curaleaf (OTCMKTS:CURLF - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.06) EPS for the quarter, topping 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 14.61%. On average, sell-side analysts anticipate 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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