Cresco Labs Inc. (OTCMKTS:CRLBF) Given Average Rating of “Buy” by Analysts

Cresco Labs Inc. (OTCMKTS:CRLBF) has received a consensus recommendation of “Buy” from the five analysts that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, one has assigned a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $3.00.

Several research firms have recently commented on CRLBF. Atb Cap Markets downgraded Cresco Labs from a “strong-buy” rating to a “hold” rating in a report on Monday, December 9th. Cormark upgraded shares of Cresco Labs from a “hold” rating to a “moderate buy” rating in a research note on Monday, March 17th.

Cresco Labs Stock Performance

OTCMKTS:CRLBF opened at $0.78 on Friday. The company has a quick ratio of 1.39, a current ratio of 1.97 and a debt-to-equity ratio of 1.80. Cresco Labs has a twelve month low of $0.52 and a twelve month high of $2.60. The company has a fifty day moving average of $0.85 and a 200-day moving average of $1.14. The firm has a market capitalization of $380.65 million, a P/E ratio of -3.90 and a beta of 1.79.

Cresco Labs (OTCMKTS:CRLBF) last announced its quarterly earnings data on Friday, March 14th. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01). The firm had revenue of $176.00 million for the quarter, compared to analyst estimates of $172.10 million. Cresco Labs had a negative net margin of 9.15% and a negative return on equity of 16.52%. As a group, sell-side analysts anticipate that Cresco Labs will post -0.2 EPS for the current year.

About Cresco Labs

Cresco Labs Inc, together with its subsidiaries, cultivates, manufactures, and sells retail and medical cannabis products in the United States. It provides cannabis in flowers, vape pens, live resins, disposable pens, and extracts under the Cresco brand; vape carts, vape pens, flower, popcorn, shake, pre-rolls, shorties, and concentrates under the High Supply brand; vapes and gummies under the Good News brand; vapes and edibles under the Wonder Wellness Co brand; and tinctures, capsules, salves, and sublingual oils under the Remedi brand.