Curaleaf (OTCMKTS:CURLF) Trading 7.8% Higher – Still a Buy?

by · The Cerbat Gem

Curaleaf Holdings, Inc. (OTCMKTS:CURLF – Get Free Report) traded up 7.8% during mid-day trading on Tuesday . The stock traded as high as $4.18 and last traded at $3.9660. 729,722 shares were traded during mid-day trading, a decline of 10% from the average session volume of 813,065 shares. The stock had previously closed at $3.68.

Wall Street Analysts Forecast Growth

CURLF has been the topic of several research reports. ATB Capital upgraded shares of Curaleaf to an “outperform” rating in a report on Tuesday, December 2nd. Atb Cap Markets raised Curaleaf from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 2nd. Finally, Canaccord Genuity Group raised Curaleaf to a “strong-buy” rating in a report on Thursday, October 9th. Two equities research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Strong Buy”.

Read Our Latest Stock Report on Curaleaf

Curaleaf Stock Up 7.3%

The company has a current ratio of 1.47, a quick ratio of 0.71 and a debt-to-equity ratio of 0.96. The business’s fifty day simple moving average is $2.71 and its 200 day simple moving average is $2.15. The stock has a market cap of $2.68 billion, a price-to-earnings ratio of -12.34 and a beta of 0.77.

Curaleaf (OTCMKTS:CURLF – Get Free Report) last released its earnings results on Wednesday, November 5th. The company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.01. Curaleaf had a negative return on equity of 15.57% and a negative net margin of 19.50%. Equities analysts forecast that Curaleaf Holdings, Inc. will post -0.25 earnings per share for the current fiscal year.

About Curaleaf

(Get Free Report)

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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