There’s Reason For Concern Over Curaleaf Holdings, Inc.’s (TSE:CURA) Massive 27% Price Jump
Despite an already strong run, Curaleaf Holdings, Inc. (TSE:CURA) shares have been powering on, with a gain of 27% in the last thirty days. Notwithstanding the latest gain, the annual share price return of 3.7% isn’t as impressive.
After such a large jump in price, when almost half of the companies in Canada’s Pharmaceuticals industry have price-to-sales ratios (or “P/S”) below 0.9x, you may consider Curaleaf Holdings as a stock probably not worth researching with its 1.8x P/S ratio. Although, it’s not wise to just take the P/S at face value as there may be an explanation why it’s as high as it is.
