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Cresco Labs (CRLBF)
OTHER OTC:CRLBF
Cresco Labs (CRLBF) Stock Price & Analysis
2,079 Followers
CRLBF Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$1.00 - $2.77
Previous Close$2.16
Volume839.60K
Average Volume (3M)899.21K
Market Cap
$948.10M
Enterprise Value$1.45B
Total Cash (Recent Filing)$103.43M
Total Debt (Recent Filing)$682.76M
Price to Earnings (P/E)-4.6
Beta1.10
Next Earnings
Aug 14, 2024EPS Estimate
>-$0.01Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)-0.47
Shares Outstanding480,292,624
10 Day Avg. Volume1,025,331
30 Day Avg. Volume899,209
Standard Deviation0.22
R-Squared0.23
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)-14.85
Price to Sales (P/S)3.68
Price to Cash Flow (P/CF)-79.80
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue1.88
Enterprise Value/Gross Profit4.00
Enterprise Value/Ebitda-101.00
Forecast
1Y Price Target
$4.96Price Target Upside129.63% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering6
Cresco Labs News
PremiumCompany Announcements
Cresco Labs Triumphs with Strong Q1 Financials
PremiumCompany Announcements
Cresco Labs Announces Q1 2024 Earnings Date
Bulls Say, Bears Say
Bulls Say
Financial PerformanceCresco Labs Inc. has demonstrated a track record of strong financial performance, with three consecutive quarters of robust adjusted EBITDA and significant improvement in free cash flow.
Market ExpansionCresco Labs Inc. is poised for growth with a compelling pipeline that includes the launch of adult-use sales in Ohio and potential market conversions in Florida and Pennsylvania.
Operational EfficiencyInvestments in cannabis genetics, technology, and automation have led to higher THC yields, greater economies of scale, and structurally higher gross margins for Cresco Labs Inc.
Bears Say
Financial OutlookManagement maintains a conservative outlook for 2024 with a capex guidance that implies a meaningful step up in investments resulting in potentially lower free cash flow for the year.
Revenue ForecastThe Company guided to a low-single-digit revenue decline in the upcoming quarter with softer organic growth expected in the following quarters.
Sales MomentumManagement expects revenues to be down by a mid-single-digit rate, with sales momentum appearing to drip lower, impacting 2024 forecasts.
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Options Prices
Currently, No data available
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Ownership Overview
58.72% Insiders
1.69% Mutual Funds
0.10% Other Institutional Investors
39.49% Public Companies and
Individual Investors
CRLBF FAQ
What was Cresco Labs’s price range in the past 12 months?
Cresco Labs lowest stock price was $1.00 and its highest was $2.77 in the past 12 months.
What is Cresco Labs’s market cap?
Currently, no data Available
When is Cresco Labs’s upcoming earnings report date?
Cresco Labs’s upcoming earnings report date is Aug 14, 2024 which is in 87 days.
How were Cresco Labs’s earnings last quarter?
Cresco Labs released its earnings results on May 15, 2024. The company reported -$0.009 earnings per share for the quarter, beating the consensus estimate of -$0.02 by $0.011.
Is Cresco Labs overvalued?
According to Wall Street analysts Cresco Labs’s price is currently Undervalued.
Does Cresco Labs pay dividends?
Cresco Labs does not currently pay dividends.
What is Cresco Labs’s EPS estimate?
Cresco Labs’s EPS estimate is >-$0.01.
How many shares outstanding does Cresco Labs have?
Cresco Labs has 320,757,100 shares outstanding.
What happened to Cresco Labs’s price movement after its last earnings report?
Cresco Labs reported an EPS of -$0.009 in its last earnings report, beating expectations of -$0.02. Following the earnings report the stock price went up 3.465%.
Which hedge fund is a major shareholder of Cresco Labs?
Currently, no hedge funds are holding shares in CRLBF
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Cresco Labs Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Strong Buy
Average Price Target:
$4.96 (129.63% Upside)
$4.96 (129.63% Upside)
Blogger Sentiment
Bullish
CRLBF Sentiment 100%
Sector Average 70%
Sector Average 70%
Insider Transactions
Sold Shares
Worth $2.9M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Positive
Last 7 Days ▼ 0.1%
Last 30 Days ▲ 2.6%
Last 30 Days ▲ 2.6%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
43.04%
12-Months-Change
Fundamentals
Return on Equity
-27.50%
Trailing 12-Months
Asset Growth
-12.29%
Trailing 12-Months
Company Description
Cresco Labs
Cresco Labs Inc is a Canada based company engaged in the production and sale of cannabis. The company distribute its products to dispensaries nationwide, including several dispensaries owned and operated by its team. Its product includes Reserve, Remedi, Mindy's. All the revenues of the company were generated in the United States. It has ownership interests in Illinois, Pennsylvania, Ohio, California, Maryland, and Arizona.
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CRLBF Company Deck
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CRLBF Earnings Call
Q1 2024
0:00 / 0:00
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CRLBF Stock 12 Month Forecast
Average Price Target
$4.96
▲(129.63% Upside)
Technical Analysis
Best Analysts Covering CRLBF
1 Year
1 Year Success Rate
9/24 ratings generated profit
1 Year Average Return
+15.71%
reiterated a buy rating 4 days ago
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