Curaleaf (OTCMKTS:CURLF) Stock Price Up 3.8% - What's Next?

Key Points

• Curaleaf stock price rose by 3.8% to $2.45 amidst a significant drop in trading volume, down 78% from the average session.
• Cormark upgraded Curaleaf's shares from a "hold" to a "moderate buy" rating, contributing to the stock's positive sentiment among analysts with a consensus rating of "Strong Buy".
• The company reported earnings of ($0.06) per share, beating expectations, while analysts forecast a negative EPS of -0.25 for the current year.

Curaleaf Holdings, Inc. (OTCMKTS:CURLF - Get Free Report)'s stock price was up 3.8% on Tuesday . The stock traded as high as $2.45 and last traded at $2.45. Approximately 175,415 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 815,115 shares. The stock had previously closed at $2.36.

Analyst Ratings Changes

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

Curaleaf Trading Down 0.2%

The firm has a market capitalization of $1.74 billion, a PE ratio of -8.13 and a beta of 0.78. The firm's 50-day simple moving average is $2.25 and its 200-day simple moving average is $1.36. The company has a quick ratio of 0.70, a current ratio of 1.47 and a debt-to-equity ratio of 1.00.

Curaleaf (OTCMKTS:CURLF - Get Free Report) last announced its quarterly earnings results 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 return on equity of 14.61% and a negative net margin of 18.08%. Equities analysts expect that Curaleaf Holdings, Inc. will post -0.25 earnings per share for the current 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.