Cronos Group Inc. (NASDAQ:CRON) went up by 14.31% from its latest closing price compared to the recent 1-year high of $9.42. The company’s stock price has collected -9.58% of loss in the last five trading sessions. Barron’s reported 1 hour ago that Cronos Group Doubles Sales, Thanks to Growth in Canada and Israel
Is It Worth Investing in Cronos Group Inc. (NASDAQ :CRON) Right Now?
Plus, the 36-month beta value for CRON is at 1.50. Opinions of the stock are interesting as 1 analysts out of 13 who provided ratings for Cronos Group Inc. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 8 rated it as “hold,” and 1 as “sell.”
The average price from analysts is $4.60. CRON currently public float of 195.70M and currently shorts hold a 8.30% ratio of that float. Today, the average trading volume of CRON was 2.19M shares.
CRON’s Market Performance
CRON stocks went down by -9.58% for the week, with a monthly drop of -20.73% and a quarterly performance of -22.47%, while its annual performance rate touched -61.18%. The volatility ratio for the week stands at 6.44% while the volatility levels for the past 30 days are set at 5.57% for Cronos Group Inc.. The simple moving average for the period of the last 20 days is 2.80% for CRON stocks with a simple moving average of -31.31% for the last 200 days.
Analysts’ Opinion of CRON
Jefferies, on the other hand, stated in their research note that they expect to see CRON reach a price target of $3.24, previously predicting the price at $5.54. The rating they have provided for CRON stocks is “Hold” according to the report published on January 27th, 2022.
BofA Securities gave a rating of “Underperform” to CRON, setting the target price at $5 in the report published on November 18th of the previous year.
CRON Trading at -4.67% from the 50-Day Moving Average
After a stumble in the market that brought CRON to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -65.66% of loss for the given period.
Volatility was left at 5.57%, however, over the last 30 days, the volatility rate increased by 6.44%, as shares sank -4.09% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.38% lower at present.
During the last 5 trading sessions, CRON rose by +6.49%, which changed the moving average for the period of 200-days by -55.01% in comparison to the 20-day moving average, which settled at $3.14. In addition, Cronos Group Inc. saw -27.81% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for CRON
Current profitability levels for the company are sitting at:
- -264.55 for the present operating margin
- -29.58 for the gross margin
The net margin for Cronos Group Inc. stands at -531.48. Equity return is now at value -26.40, with -23.80 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 19.86.