Cresco Labs Inc. (OTCMKTS:CRLBF – Get Free Report) shares traded down 1% on Monday . The company traded as low as $1.92 and last traded at $1.98. 433,957 shares changed hands during trading, a decline of 53% from the average session volume of 921,794 shares. The stock had previously closed at $2.00.
Analysts Set New Price Targets
CRLBF has been the topic of a number of research analyst reports. Echelon Wealth Partners upgraded shares of Cresco Labs from a “hold” rating to a “buy” rating in a research note on Wednesday, March 13th. Roth Mkm increased their price objective on Cresco Labs from $1.75 to $2.00 and gave the stock a “neutral” rating in a research note on Thursday, March 14th.
View Our Latest Research Report on Cresco Labs
Cresco Labs Price Performance
Cresco Labs (OTCMKTS:CRLBF – Get Free Report) last issued its quarterly earnings data on Friday, March 15th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.03. Cresco Labs had a negative return on equity of 10.51% and a negative net margin of 22.77%. The firm had revenue of $188.24 million during the quarter, compared to analyst estimates of $181.36 million. On average, equities analysts anticipate that Cresco Labs Inc. will post -0.07 earnings per share for the current fiscal 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.
Further Reading
- Five stocks we like better than Cresco Labs
- 3 Tickers Leading a Meme Stock Revival
- It’s Time to Buy Into the Super Micro Computer Stock Implosion
- How to Invest in Tech Stocks and Top Tech Stocks to Consider
- Merger or Not, Albertson’s Companies is a Good Buy
- The 3 Best Blue-Chip Stocks to Buy Now
- 3 Cheap Stocks That Shouldn’t Be So
Receive News & Ratings for Cresco Labs Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cresco Labs and related companies with MarketBeat.com's FREE daily email newsletter.