Curaleaf (OTCMKTS:CURLF) Upgraded to "Strong-Buy" at Canaccord Genuity Group

Key Points

• Curaleaf has been upgraded to a "strong-buy" rating by Canaccord Genuity Group, indicating strong investor confidence in the company's future performance.
• The stock currently has a market capitalization of $2.22 billion and a consensus rating of "Strong Buy" from analysts.
• Curaleaf reported an EPS of ($0.06) for the last quarter, exceeding expectations by $0.01, though the company continues to face challenges with negative margins.

Curaleaf (OTCMKTS:CURLF - Get Free Report) was upgraded by research analysts at Canaccord Genuity Group to a "strong-buy" rating in a research note issued to investors on Thursday,Zacks.com reports.

Separately, Cormark raised Curaleaf from a "hold" rating to a "moderate buy" rating in a research report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, According to MarketBeat, the stock presently has a consensus rating of "Strong Buy".

Curaleaf Price Performance

CURLF opened at $3.31 on Thursday. The stock has a market cap of $2.22 billion, a price-to-earnings ratio of -10.36 and a beta of 0.71. Curaleaf has a 1 year low of $0.68 and a 1 year high of $3.65. The company has a current ratio of 1.47, a quick ratio of 0.70 and a debt-to-equity ratio of 1.00. The stock has a fifty day moving average price of $2.72 and a 200 day moving average price of $1.54.

Curaleaf (OTCMKTS:CURLF - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating 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 forecast that Curaleaf 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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