Cronos Group Inc (NASDAQ:CRON) currently has a daily average trading volume of 2.51M but it saw 6028318 shares traded in last market. With a market cap of 1.03B USD, the company’s current market price of $2.70 came rising about 2.27 while comparing to the previous closing price of $2.64. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.73 and as low as $1.64.
Taking a look at 20-day trading activity of Cronos Group Inc (CRON) gives us an average price of $2.18, while its current price level is -1.10% below from 52-week high level whereas it is 64.63% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $2.15 while that of 200 days or SMA-200 reads an average of $2.00. A closer look into the stock’s movement over the week reveals that its volatility is standing at 8.66% during that period while stretching the period over a month that decreases to 6.04%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 73.07 which implies that the stock is in overbought territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Bernstein which initiated the stock as “Mkt Perform” in its note to investors issued on November 02, 2022, recommending a price target of $3 for it.
Over the week, CRON’s stock price is moving 14.41% up while it is 17.39% when we observe its performance for the past one month. Year-to-date it is 29.19% up and over the past year, the stock is showing an upside performance of 37.76%.
The latest quarterly earnings report issued by the company was for quarter ended 12/30/2023, when its quarterly earnings per share (EPS) of -$0.05 beaten by the consensus estimate of -$0.01 for the same. For CRON, analysts are forecasting an EPS-growth rate of 27.30% for current year and estimate for EPS growth in next year is 25.00%. In next quarter, company is expected to be making quarterly sales of $24.5 million as analysts are expecting the sales for current fiscal year at $100.98 million and seeing the company making $120.24 million in sales next year. Moreover, analysts are in estimates of $23.78 million for current-quarter revenue.
Currently, Cronos Group Inc’s total number of outstanding shares is 381.30M with 46.65% of that held by the insiders while 13.13% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at -6.71% and return on equity (ROE) at -6.34%. It has a 135.00 of forward P/E ratio. Stock’s beta reads 1.15. Stock has a price to book (P/B) ratio of 0.94 while price to sale or P/S ratio amounts to 11.71. Its return on asset (ROA) is -6.04% on average.
