Curaleaf (OTCMKTS:CURLF) Hits New 12-Month High at $6.40

Curaleaf Holdings, Inc. (OTCMKTS:CURLF) shares reached a new 52-week high on Tuesday . The stock traded as high as $6.40 and last traded at $6.28, with a volume of 3703682 shares changing hands. The stock had previously closed at $5.04.

Analysts Set New Price Targets

Separately, Needham & Company LLC boosted their price objective on shares of Curaleaf from $4.25 to $5.25 and gave the company a “buy” rating in a report on Thursday, March 7th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Curaleaf currently has an average rating of “Hold” and an average target price of $4.13.

Curaleaf Price Performance

The firm’s fifty day simple moving average is $4.97 and its 200 day simple moving average is $4.40. The firm has a market cap of $4.05 billion, a P/E ratio of -16.10 and a beta of 1.77. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.41 and a current ratio of 0.85.

Curaleaf (OTCMKTS:CURLF) last announced its quarterly earnings results on Wednesday, March 6th. The company reported ($0.01) EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.04. Curaleaf had a negative net margin of 20.77% and a negative return on equity of 12.93%. The firm had revenue of $345.27 million during the quarter, compared to the consensus estimate of $336.64 million. As a group, analysts forecast that Curaleaf Holdings, Inc. will post -0.18 earnings per share for the current 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.