Curaleaf (OTCMKTS:CURLF) Trading 5.7% Higher - What's Next?

Key Points

• Curaleaf's shares rose 5.7% on Monday, reaching as high as $2.99 before closing at $2.98, although trading volume fell 33% from the average to 528,928 shares.
• The stock was recently upgraded from a "hold" to a "moderate buy" rating by Cormark, with the average rating currently categorized as "Strong Buy."
• Curaleaf reported a loss of ($0.06) EPS for the last quarter, outperforming analysts' expectations, and is projected to have a EPS of -0.25 for the current fiscal year.

Curaleaf Holdings, Inc. (OTCMKTS:CURLF - Get Free Report) shares traded up 5.7% on Monday . The company traded as high as $2.99 and last traded at $2.98. 528,928 shares traded hands during mid-day trading, a decline of 33% from the average session volume of 785,477 shares. The stock had previously closed at $2.82.

Analysts Set New Price Targets

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

Curaleaf Trading Up 7.1%

The firm has a market cap of $2.02 billion, a P/E ratio of -9.44 and a beta of 0.69. The company has a 50 day moving average of $1.46 and a 200 day moving average of $1.15. The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.70 and a current ratio of 1.47.

Curaleaf (OTCMKTS:CURLF - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported ($0.06) earnings per share (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%. Analysts predict that Curaleaf Holdings, Inc. will post -0.25 EPS 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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