Curaleaf (OTCMKTS:CURLF) Trading Up 8.2% – Should You Buy?

Curaleaf Holdings, Inc. (OTCMKTS:CURLF) rose 8.2% on Tuesday . The stock traded as high as $2.77 and last traded at $2.77. Approximately 84,104 shares changed hands during trading, a decline of 89% from the average daily volume of 779,414 shares. The stock had previously closed at $2.5610.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CURLF. Atb Cap Markets upgraded Curaleaf from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. ATB Capital upgraded shares of Curaleaf to an “outperform” rating in a research report on Tuesday, December 2nd. Finally, Canaccord Genuity Group upgraded shares of Curaleaf to a “strong-buy” rating in a report on Thursday, October 9th. Two investment analysts have rated the stock with a Strong Buy rating and one has given a Buy rating to the company. Based on data from MarketBeat.com, Curaleaf currently has a consensus rating of “Strong Buy”.

Curaleaf Stock Performance

The firm has a market cap of $1.83 billion, a PE ratio of -8.43 and a beta of 0.77. The business has a 50 day simple moving average of $2.68 and a two-hundred day simple moving average of $2.10. The company has a quick ratio of 0.71, a current ratio of 1.47 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) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. Curaleaf had a negative net margin of 19.50% and a negative return on equity of 15.57%. As a group, equities research analysts forecast that Curaleaf Holdings, Inc. will post -0.25 earnings per share for the current fiscal year.

About Curaleaf

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.