Curaleaf (OTCMKTS:CURLF) Trading 3.8% Higher - Still a Buy?

Key Points

• Curaleaf Holdings, Inc. (CURLF) experienced a stock price increase of 3.8%, closing at $2.98 after trading as high as $3.04.
• Analysts have given the stock an average rating of "Strong Buy", with Canaccord Genuity and Cormark upgrading their ratings recently.
• In its last quarterly earnings report, Curaleaf reported earnings of ($0.06) per share, exceeding consensus estimates and projecting a -0.25 EPS for the current fiscal year.

Curaleaf Holdings, Inc. (OTCMKTS:CURLF - Get Free Report)'s stock price traded up 3.8% during trading on Monday . The company traded as high as $3.04 and last traded at $2.98. 344,140 shares were traded during mid-day trading, a decline of 67% from the average session volume of 1,058,454 shares. The stock had previously closed at $2.87.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Canaccord Genuity Group raised shares of Curaleaf to a "strong-buy" rating in a report on Thursday, October 9th. Cormark raised shares of Curaleaf from a "hold" rating to a "moderate buy" rating in a report on Friday, August 8th. Two equities research analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock has an average rating of "Strong Buy".

Curaleaf Trading Up 3.8%

The company has a quick ratio of 0.70, a current ratio of 1.47 and a debt-to-equity ratio of 1.00. The firm has a market cap of $2.00 billion, a P/E ratio of -9.31 and a beta of 0.71. The company's 50 day simple moving average is $2.89 and its 200-day simple moving average is $1.66.

Curaleaf (OTCMKTS:CURLF - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.06) earnings per share (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, research 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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