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

Curaleaf Holdings, Inc. (OTCMKTS:CURLF)’s share price gapped down before the market opened on Thursday . The stock had previously closed at $2.40, but opened at $2.23. Curaleaf shares last traded at $2.3555, with a volume of 33,131 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Zacks Research raised Curaleaf from a “strong sell” rating to a “hold” rating in a report on Thursday, January 1st. ATB Cormark Capital Markets upgraded shares of Curaleaf to an “outperform” rating in a research note on Tuesday, December 2nd. Finally, Alliance Global Partners reiterated a “buy” rating on shares of Curaleaf in a research note on Monday, December 22nd. Two equities research 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. According to data from MarketBeat, the stock presently has an average rating of “Buy”.

Curaleaf Price Performance

The company has a debt-to-equity ratio of 0.96, a current ratio of 1.47 and a quick ratio of 0.71. The stock has a fifty day simple moving average of $2.67 and a 200-day simple moving average of $2.68. The company has a market capitalization of $1.60 billion, a price-to-earnings ratio of -7.39 and a beta of 0.74.

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.