Curaleaf (OTCMKTS:CURLF) Shares Gap Up – What’s Next?

Curaleaf Holdings, Inc. (OTCMKTS:CURLF) shares gapped up before the market opened on Tuesday . The stock had previously closed at $2.82, but opened at $3.04. Curaleaf shares last traded at $2.99, with a volume of 114,002 shares.

Analysts Set New Price Targets

Separately, Cormark upgraded shares of 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 data from MarketBeat.com, the stock currently has a consensus rating of “Strong Buy”.

Curaleaf Stock Down 1.2%

The company has a debt-to-equity ratio of 1.00, a quick ratio of 0.70 and a current ratio of 1.47. The firm’s 50-day moving average is $1.50 and its 200 day moving average is $1.16. The firm has a market capitalization of $1.98 billion, a PE ratio of -9.23 and a beta of 0.69.

Curaleaf (OTCMKTS:CURLF) last released its earnings results 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 net margin of 18.08% and a negative return on equity of 14.61%. As a group, research analysts forecast 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.