Curaleaf (OTCMKTS:CURLF) Trading 6.8% Higher - Here's Why

Key Points

• Curaleaf's share price increased by 6.8% to $3.35, with a trading volume of 228,018 shares, significantly below its average of 845,629 shares.
• Analyst ratings have improved, with Cormark upgrading the stock from a "hold" to a "moderate buy," contributing to an overall average rating of "Strong Buy."
• Curaleaf announced a quarterly earnings report showing an EPS of ($0.06), beating estimates, despite a negative net margin of 18.08% and anticipated future negative earnings.

Curaleaf Holdings, Inc. (OTCMKTS:CURLF - Get Free Report)'s share price traded up 6.8% on Tuesday . The stock traded as high as $3.40 and last traded at $3.35. 228,018 shares traded hands during trading, a decline of 73% from the average session volume of 845,629 shares. The stock had previously closed at $3.14.

Analyst Upgrades and Downgrades

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

Curaleaf Stock Performance

The company's 50 day moving average is $2.61 and its 200-day moving average is $1.50. The company has a market capitalization of $2.17 billion, a P/E ratio of -10.09 and a beta of 0.71. 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 announced its quarterly earnings data on Wednesday, August 6th. The company reported ($0.06) EPS for the quarter, beating 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%. Equities analysts anticipate 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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