Curaleaf (OTCMKTS:CURLF) Trading Up 8.3% - Still a Buy?

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)'s share price rose 8.3% on Monday . The stock traded as high as $2.90 and last traded at $2.88. Approximately 963,991 shares traded hands during mid-day trading, an increase of 25% from the average daily volume of 774,088 shares. The stock had previously closed at $2.66.

Analyst Upgrades and Downgrades

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

Curaleaf Price Performance

The stock has a market capitalization of $1.89 billion, a PE ratio of -8.81 and a beta of 0.69. The stock's 50 day moving average is $1.46 and its two-hundred day moving average is $1.16. 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 issued its quarterly earnings results on Wednesday, August 6th. The company reported ($0.06) earnings per share 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 analysts anticipate that Curaleaf Holdings, Inc. will post -0.25 EPS for the current fiscal 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.