Curaleaf (OTCMKTS:CURLF) Shares Gap Up – Should You Buy?

Curaleaf Holdings, Inc. (OTCMKTS:CURLF)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $3.7199, but opened at $3.90. Curaleaf shares last traded at $3.53, with a volume of 426,983 shares changing hands.

Analysts Set New Price Targets

A number of research firms recently weighed in on CURLF. Atb Cap Markets raised shares of Curaleaf from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Canaccord Genuity Group upgraded shares of Curaleaf to a “strong-buy” rating in a research report on Thursday, October 9th. Finally, ATB Capital raised Curaleaf to an “outperform” rating in a research note on Tuesday, December 2nd. Two research analysts have rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Strong Buy”.

Curaleaf Price Performance

The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.71 and a current ratio of 1.47. The firm has a market capitalization of $2.48 billion, a P/E ratio of -11.44 and a beta of 0.77. The firm has a 50-day moving average of $2.70 and a 200-day moving average of $2.13.

Curaleaf (OTCMKTS:CURLF) last released its quarterly earnings data on Wednesday, November 5th. The company reported ($0.06) EPS for the quarter, beating the consensus estimate 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, 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.