Curaleaf (OTCMKTS:CURLF) Stock Price Up 8.2% - What's Next?

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 share price traded up 8.2% during mid-day trading on Monday . The stock traded as high as $1.62 and last traded at $1.54. 119,050 shares were traded during mid-day trading, a decline of 81% from the average session volume of 630,615 shares. The stock had previously closed at $1.42.

Curaleaf Stock Performance

The company has a market cap of $1.33 billion, a PE ratio of -6.22 and a beta of 0.69. The company has a current ratio of 1.41, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08. The business's 50 day moving average is $1.05 and its two-hundred day moving average is $1.05.

Curaleaf (OTCMKTS:CURLF - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported ($0.06) earnings per share 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 14.41%. On average, equities research analysts anticipate 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.