Curaleaf (OTCMKTS:CURLF) Trading Down 5.4% – Time to Sell?

Curaleaf Holdings, Inc. (OTCMKTS:CURLF) traded down 5.4% during trading on Monday . The company traded as low as $3.20 and last traded at $3.23. 537,059 shares changed hands during trading, a decline of 20% from the average session volume of 672,452 shares. The stock had previously closed at $3.41.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CURLF shares. Needham & Company LLC reaffirmed a “buy” rating and set a $6.25 price target on shares of Curaleaf in a report on Thursday, August 8th. Cormark upgraded Curaleaf from a “hold” rating to a “moderate buy” rating in a research note on Monday, August 12th.

Curaleaf Stock Performance

The stock has a market cap of $2.09 billion, a price-to-earnings ratio of -8.27 and a beta of 0.84. The company has a current ratio of 1.09, a quick ratio of 0.50 and a debt-to-equity ratio of 0.83. The firm has a fifty day simple moving average of $3.02 and a 200-day simple moving average of $3.93.

Curaleaf (OTCMKTS:CURLF) last released its earnings results on Wednesday, August 7th. The company reported ($0.06) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.01). The firm had revenue of $342.29 million for the quarter, compared to the consensus estimate of $344.57 million. Curaleaf had a negative return on equity of 14.75% and a negative net margin of 18.59%. Analysts forecast that Curaleaf Holdings, Inc. will post -0.24 EPS 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.