Curaleaf (OTCMKTS:CURLF) Stock Price Up 8.7% – Still a Buy?

Curaleaf Holdings, Inc. (OTCMKTS:CURLF) shares shot up 8.7% during trading on Monday . The company traded as high as $2.49 and last traded at $2.48. 268,757 shares were traded during mid-day trading, a decline of 66% from the average session volume of 785,581 shares. The stock had previously closed at $2.2820.

Analyst Upgrades and Downgrades

Several research firms have recently commented on CURLF. Canaccord Genuity Group raised Curaleaf to a “strong-buy” rating in a research report on Thursday, October 9th. Cormark upgraded shares of Curaleaf from a “hold” rating to a “moderate buy” rating in a research note on Friday, August 8th. Finally, Atb Cap Markets downgraded shares of Curaleaf from a “strong-buy” rating to a “hold” rating in a report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Buy”.

Curaleaf Price Performance

The firm has a 50 day moving average of $2.71 and a 200-day moving average of $2.00. The company has a market cap of $1.65 billion, a P/E ratio of -7.63 and a beta of 0.77. The company has a current ratio of 1.47, a quick ratio of 0.71 and a debt-to-equity ratio of 0.96.

Curaleaf (OTCMKTS:CURLF) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($0.06) earnings per share for the quarter, topping 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%. On average, equities research analysts predict that Curaleaf Holdings, Inc. will post -0.25 EPS for the current 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.