OTCMKTS:CRLBF

Cresco Labs (CRLBF) Stock Price, News & Analysis

$2.01
+0.03 (+1.52%)
(As of 04/23/2024 ET)
Today's Range
$1.95
$2.05
50-Day Range
$1.52
$2.30
52-Week Range
$1.00
$2.77
Volume
226,492 shs
Average Volume
746,768 shs
Market Capitalization
$694.70 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$20.33

Cresco Labs MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
911.6% Upside
$20.33 Price Target
Short Interest
Healthy
0.52% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
-0.25mentions of Cresco Labs in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.07) to ($0.04) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.46 out of 5 stars

CRLBF stock logo

About Cresco Labs Stock (OTCMKTS:CRLBF)

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. The company also offers cannabis flowers under the FloraCal brand; and chocolate and toffee confections and fruit-forward gummies under the Mindy's Edibles brand, as well as licenses the Kiva brand, which produces cannabis infused edibles, including chocolate confections, gummies, mints, and tarts. In addition, the company offers cannabis-infused edibles under the Sunnyside brand. The company was incorporated in 1990 and is headquartered in Chicago, Illinois.

CRLBF Stock Price History

CRLBF Stock News Headlines

Cresco Labs (OTCMKTS:CRLBF) Stock Price Down 1%
Elon Musk’s Controversial New Project: “Apollo”
Have you seen this footage outside the headquarters of Elon Musk's "Project Apollo?" Big Tech and the mainstream media have called this project "controversial"...
Jefferies Remains a Buy on Cresco Labs (CRLBF)
Elon Musk’s Controversial New Project: “Apollo”
Have you seen this footage outside the headquarters of Elon Musk's "Project Apollo?" Big Tech and the mainstream media have called this project "controversial"...
Needham Keeps Their Hold Rating on Cresco Labs (CRLBF)
Cresco Labs Turns To Profit In Q4
Cannabis Comeback: 3 Stocks to Snag After the Bubble Burst
Cresco Labs Inc CRLBF
See More Headlines
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Company Calendar

Last Earnings
3/15/2024
Today
4/24/2024
Next Earnings (Estimated)
5/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Medical
Industry
Medicinals & botanicals
Sub-Industry
N/A
Current Symbol
OTCMKTS:CRLBF
Fax
N/A
Employees
2,760
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$20.33
High Stock Price Target
$34.00
Low Stock Price Target
$2.00
Potential Upside/Downside
+911.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
3 Analysts

Profitability

Net Income
$-175,520,000.00
Pretax Margin
-19.06%

Debt

Sales & Book Value

Annual Sales
$770.89 million
Cash Flow
$0.05 per share
Book Value
$1.24 per share

Miscellaneous

Free Float
N/A
Market Cap
$694.70 million
Optionable
Not Optionable
Beta
2.29
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Key Executives

  • Mr. Charles Bachtell (Age 45)
    Co-Founder, CEO & Director
    Comp: $999.85k
  • Mr. Robert M. Sampson (Age 49)
    Co-Founder & Independent Director
  • Mr. Dennis M. Olis (Age 61)
    Chief Financial Officer
    Comp: $622.85k
  • Mr. Gregory Butler (Age 43)
    President & Chief Transformation Officer
  • Mr. Ty Gent (Age 65)
    Chief Operating Officer
  • Mr. Zach Marburger (Age 39)
    Chief Information Officer
  • Ms. Megan Kulick
    Senior Vice President of Investor Relations
  • Mr. John Schetz (Age 46)
    General Counsel
  • Mr. Jason Erkes (Age 53)
    Chief Communications Officer
  • Ms. Angie Demchenko (Age 43)
    Chief People Officer

CRLBF Stock Analysis - Frequently Asked Questions

Should I buy or sell Cresco Labs stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cresco Labs in the last twelve months. There are currently 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CRLBF shares.
View CRLBF analyst ratings
or view top-rated stocks.

What is Cresco Labs' stock price target for 2024?

3 equities research analysts have issued 12 month price objectives for Cresco Labs' shares. Their CRLBF share price targets range from $2.00 to $34.00. On average, they predict the company's share price to reach $20.33 in the next year. This suggests a possible upside of 911.6% from the stock's current price.
View analysts price targets for CRLBF
or view top-rated stocks among Wall Street analysts.

How have CRLBF shares performed in 2024?

Cresco Labs' stock was trading at $1.3558 on January 1st, 2024. Since then, CRLBF stock has increased by 48.3% and is now trading at $2.01.
View the best growth stocks for 2024 here
.

Are investors shorting Cresco Labs?

Cresco Labs saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 1,759,900 shares, an increase of 28.7% from the February 29th total of 1,367,000 shares. Based on an average daily volume of 1,481,600 shares, the days-to-cover ratio is currently 1.2 days.
View Cresco Labs' Short Interest
.

When is Cresco Labs' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 22nd 2024.
View our CRLBF earnings forecast
.

How were Cresco Labs' earnings last quarter?

Cresco Labs Inc. (OTCMKTS:CRLBF) released its earnings results on Friday, March, 15th. The company reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.03. The company earned $188.24 million during the quarter, compared to analysts' expectations of $181.36 million. Cresco Labs had a negative net margin of 22.77% and a negative trailing twelve-month return on equity of 10.51%.

How do I buy shares of Cresco Labs?

Shares of CRLBF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (OTCMKTS:CRLBF) was last updated on 4/24/2024 by MarketBeat.com Staff

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