Curaleaf (OTCMKTS:CURLF) Trading Up 8.3% - Here's Why

Key Points

• Shares of Curaleaf Holdings, Inc. rose by 8.3% to $2.88 after previously closing at $2.66, with trading volume increasing by 25%.
• Cormark upgraded Curaleaf from a "hold" to a "moderate buy" rating, indicating positive sentiment from analysts.
• Curaleaf reported a quarterly earnings per share of ($0.06), exceeding expectations and anticipates posting a -0.25 EPS for the current fiscal year.

Curaleaf Holdings, Inc. (OTCMKTS:CURLF - Get Free Report) shares shot up 8.3% on Monday . The stock traded as high as $2.90 and last traded at $2.88. 963,991 shares were traded during trading, an increase of 25% from the average session volume of 774,088 shares. The stock had previously closed at $2.66.

Analysts Set New Price Targets

Separately, Cormark upgraded shares of Curaleaf from a "hold" rating to a "moderate buy" rating in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Curaleaf presently has a consensus rating of "Strong Buy".

Curaleaf Stock Down 1.4%

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 stock has a market capitalization of $1.89 billion, a PE ratio of -8.81 and a beta of 0.69. The firm's fifty day moving average is $1.46 and its 200-day moving average is $1.16.

Curaleaf (OTCMKTS:CURLF - Get Free Report) last issued its earnings results on Wednesday, August 6th. The company reported ($0.06) earnings per share (EPS) 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 14.61%. On average, equities research analysts predict 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.