Analysts Set Cresco Labs Inc. (OTCMKTS:CRLBF) Price Target at $3.00

Cresco Labs Inc. (OTCMKTS:CRLBF) has been assigned an average rating of “Buy” from the five analysts that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $3.00.

CRLBF has been the subject of a number of analyst reports. Atb Cap Markets lowered Cresco Labs from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 9th. Cormark raised Cresco Labs from a “hold” rating to a “moderate buy” rating in a research note on Monday, March 17th.

Cresco Labs Trading Up 1.8 %

Cresco Labs stock opened at $0.77 on Friday. Cresco Labs has a 12-month low of $0.52 and a 12-month high of $2.60. The firm has a market capitalization of $375.87 million, a price-to-earnings ratio of -3.85 and a beta of 1.79. The firm has a 50 day moving average of $0.85 and a 200 day moving average of $1.15. The company has a current ratio of 1.97, a quick ratio of 1.39 and a debt-to-equity ratio of 1.80.

Cresco Labs (OTCMKTS:CRLBF) last announced its quarterly earnings data on Friday, March 14th. The company reported ($0.01) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.01). The firm had revenue of $176.00 million during the quarter, compared to analysts’ expectations 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, research analysts predict that Cresco Labs will post -0.2 earnings per share 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.