Curaleaf (OTCMKTS:CURLF) Stock Price Up 9.1% - Here's Why

Key Points

• Curaleaf Holdings, Inc. saw a 9.1% increase in share price, reaching $2.72 amidst a notable 73% decline in trading volume compared to its average.
• The company's rating was upgraded from "hold" to "moderate buy" by Cormark, with an average rating of "Strong Buy" from analysts.
• Curaleaf reported a loss of ($0.06) EPS for the latest quarter, exceeding analysts' expectations, but has a negative net margin of 18.08% and a forecast EPS of -0.25 for the current year.

Curaleaf Holdings, Inc. (OTCMKTS:CURLF - Get Free Report)'s share price rose 9.1% on Tuesday . The stock traded as high as $2.74 and last traded at $2.72. Approximately 220,664 shares were traded during trading, a decline of 73% from the average daily volume of 811,455 shares. The stock had previously closed at $2.49.

Analysts Set New Price Targets

Separately, Cormark raised shares of 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, Based on data from MarketBeat.com, the stock presently has an average rating of "Strong Buy".

Curaleaf Stock Performance

The company has a debt-to-equity ratio of 1.00, a current ratio of 1.47 and a quick ratio of 0.70. The stock's 50 day simple moving average is $2.28 and its two-hundred day simple moving average is $1.37. The stock has a market cap of $1.76 billion, a P/E ratio of -8.22 and a beta of 0.75.

Curaleaf (OTCMKTS:CURLF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.06) EPS for the quarter, topping 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%. As a group, research analysts forecast that Curaleaf Holdings, Inc. will post -0.25 EPS 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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