Curaleaf (OTCMKTS:CURLF) Trading Down 11.5% - Time to Sell?

Key Points

• Curaleaf Holdings, Inc. shares fell by 11.5% to $1.70, with trading volume declining by 41% compared to its average session.
• The company reported a quarterly EPS of ($0.07), aligning with analysts' expectations, while facing a negative net margin and return on equity.
• Curaleaf operates in the cannabis industry, offering a range of products including flower, concentrates, and edibles.

Curaleaf Holdings, Inc. (OTCMKTS:CURLF - Get Free Report)'s share price traded down 11.5% during trading on Wednesday . The stock traded as low as $1.66 and last traded at $1.70. 382,399 shares changed hands during trading, a decline of 41% from the average session volume of 647,366 shares. The stock had previously closed at $1.92.

Wall Street Analyst Weigh In

Separately, Cormark upgraded Curaleaf from a "hold" rating to a "moderate buy" rating in a research report on Friday.

Curaleaf Price Performance

The stock has a fifty day moving average of $1.07 and a two-hundred day moving average of $1.05. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of -6.38 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.

Curaleaf (OTCMKTS:CURLF - Get Free Report) last released its earnings results on Wednesday, August 6th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.07) by $0.01. Curaleaf had a negative return on equity of 14.41% and a negative net margin of 18.08%. As a group, equities research 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.