Curaleaf (OTCMKTS:CURLF) Stock Price Down 11.5% - What's Next?

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) shares traded down 11.5% during trading on Wednesday . The company traded as low as $1.66 and last traded at $1.70. 382,399 shares were traded during trading, a decline of 41% from the average session volume of 647,366 shares. The stock had previously closed at $1.92.

Curaleaf Price Performance

The stock's 50-day moving average is $1.01 and its 200 day moving average is $1.05. The stock has a market capitalization of $1.16 billion, a PE ratio of -5.58 and a beta of 0.69. The company has a quick ratio of 0.70, a current ratio of 1.41 and a debt-to-equity ratio of 1.08.

Curaleaf (OTCMKTS:CURLF - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.07) EPS for the quarter, meeting analysts' consensus estimates of ($0.07). Curaleaf had a negative net margin of 17.37% and a negative return on equity of 14.12%. As a group, equities 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.

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