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

Curaleaf Holdings, Inc. (OTCMKTS:CURLF) gapped down before the market opened on Monday . The stock had previously closed at $2.37, but opened at $2.21. Curaleaf shares last traded at $2.25, with a volume of 45,165 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Zacks Research raised shares of Curaleaf from a “strong sell” rating to a “hold” rating in a research report on Thursday, January 1st. ATB Cormark Capital Markets raised shares of Curaleaf to an “outperform” rating in a research report on Tuesday, December 2nd. Finally, Alliance Global Partners reissued a “buy” rating on shares of Curaleaf in a report on Monday, December 22nd. Two analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy”.

Curaleaf Trading Down 4.2%

The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.76 and a current ratio of 1.52. The firm has a 50 day simple moving average of $2.45 and a two-hundred day simple moving average of $2.68. The firm has a market capitalization of $1.54 billion, a P/E ratio of -7.57 and a beta of 0.71.

Curaleaf (OTCMKTS:CURLF) last posted its quarterly earnings data on Thursday, February 26th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.03. The firm had revenue of $333.07 million for the quarter, compared to the consensus estimate of $328.70 million. Curaleaf had a negative net margin of 18.08% and a negative return on equity of 23.17%. Equities research analysts forecast that Curaleaf Holdings, Inc. will post -0.25 earnings per share for the current year.

Curaleaf Company Profile

Curaleaf Holdings, Inc is a leading American cannabis company engaged in the cultivation, processing and distribution of both medical and adult-use cannabis products. Headquartered in Wakefield, Massachusetts, Curaleaf operates cultivation facilities, processing centers and retail dispensaries across multiple U.S. jurisdictions. The company’s vertically integrated model allows it to manage the entirety of its supply chain, from seed to sale, ensuring consistent quality and compliance with stringent regulatory requirements.

Curaleaf’s product portfolio spans a wide range of formats, including premium flower, vaporizer cartridges, edibles, tinctures, topicals and concentrates.