Curaleaf (OTCMKTS:CURLF) Stock Price Up 7.8% - Should You Buy?

Key Points

• Curaleaf's stock price increased by 7.8% during mid-day trading, reaching a high of $3.23 before closing at $3.17.
• Cormark upgraded Curaleaf from a "hold" rating to a "moderate buy" rating, contributing to the company's average rating of "Strong Buy".
• The company reported its quarterly earnings, with an EPS of ($0.06), slightly beating the consensus estimate of ($0.07).

Curaleaf Holdings, Inc. (OTCMKTS:CURLF - Get Free Report)'s share price rose 7.8% during mid-day trading on Tuesday . The stock traded as high as $3.23 and last traded at $3.17. Approximately 431,762 shares were traded during mid-day trading, a decline of 47% from the average daily volume of 810,920 shares. The stock had previously closed at $2.94.

Analyst Ratings Changes

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

Curaleaf Stock Up 8.7%

The company has a market cap of $2.14 billion, a PE ratio of -9.99 and a beta of 0.75. The company's 50 day moving average is $1.95 and its 200 day moving average is $1.27. The company has a current ratio of 1.47, a quick ratio of 0.70 and a debt-to-equity ratio of 1.00.

Curaleaf (OTCMKTS:CURLF - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.07) by $0.01. Curaleaf had a negative net margin of 18.08% and a negative return on equity of 14.61%. As a group, analysts predict that Curaleaf Holdings, Inc. will post -0.25 earnings per share for the current fiscal year.

Curaleaf Company Profile

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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