Curaleaf (OTCMKTS:CURLF) Shares Up 8.2% - Still a Buy?

Key Points

• Curaleaf Holdings, Inc. (OTCMKTS:CURLF) saw its stock price increase by 8.2% to $1.54 during trading, despite an 81% decline in daily trading volume.
• The company's recent earnings report showed a loss of ($0.07) per share, in line with analyst expectations, with a forecast of -0.25 earnings per share for the current year.
• Curaleaf operates primarily in the cannabis sector, offering a range of products including flower, concentrates, and edibles across its domestic and international segments.

Curaleaf Holdings, Inc. (OTCMKTS:CURLF - Get Free Report)'s stock price rose 8.2% during trading on Monday . The company traded as high as $1.62 and last traded at $1.54. Approximately 119,050 shares traded hands during trading, a decline of 81% from the average daily volume of 630,615 shares. The stock had previously closed at $1.42.

Curaleaf Stock Up 1.9%

The firm has a market capitalization of $972.15 million, a PE ratio of -4.68 and a beta of 0.68. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.41 and a quick ratio of 0.70. The company has a 50-day moving average price of $0.98 and a 200 day moving average price of $1.04.

Curaleaf (OTCMKTS:CURLF - Get Free Report) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.07) earnings per share for the quarter, hitting the consensus estimate of ($0.07). Curaleaf had a negative return on equity of 14.12% and a negative net margin of 17.37%. 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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