Cronos Group Inc (NASDAQ: CRON)’s stock price has increased by 2.43 compared to its previous closing price of 2.68. However, the company has seen a 3.98% increase in its stock price over the last five trading sessions. MarketBeat reported 2024-04-08 that Cannabis legalization is making headlines again. On April 1, 2024, Germany is the latest nation to legalize or, to be more specific, decriminalize cannabis for recreational and medical use.
Is It Worth Investing in Cronos Group Inc (NASDAQ: CRON) Right Now?
Moreover, the 36-month beta value for CRON is 1.17. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for CRON is 198.81M and currently, short sellers hold a 3.24% of that float. On April 08, 2024, CRON’s average trading volume was 2.83M shares.
CRON’s Market Performance
CRON’s stock has seen a 3.98% increase for the week, with a 39.34% rise in the past month and a 25.92% gain in the past quarter. The volatility ratio for the week is 7.55%, and the volatility levels for the past 30 days are at 6.61% for Cronos Group Inc The simple moving average for the past 20 days is 14.47% for CRON’s stock, with a 35.56% simple moving average for the past 200 days.
Analysts’ Opinion of CRON
Many brokerage firms have already submitted their reports for CRON stocks, with Bernstein repeating the rating for CRON by listing it as a “Mkt Perform.” The predicted price for CRON in the upcoming period, according to Bernstein is $3 based on the research report published on November 02, 2022 of the previous year 2022.
CRON Trading at 23.18% 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 -8.19% of loss for the given period.
Volatility was left at 6.61%, however, over the last 30 days, the volatility rate increased by 7.55%, as shares surge +36.43% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +33.74% upper at present.
During the last 5 trading sessions, CRON rose by +2.84%, which changed the moving average for the period of 200-days by +48.36% in comparison to the 20-day moving average, which settled at $2.43. In addition, Cronos Group Inc saw 31.34% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CRON starting from ADLER JASON MARC, who purchase 37,500 shares at the price of $1.74 back on May 30 ’23. After this action, ADLER JASON MARC now owns 1,402,304 shares of Cronos Group Inc, valued at $65,074 using the latest closing price.
ADLER JASON MARC, the Director of Cronos Group Inc, purchase 100,000 shares at $1.80 during a trade that took place back on May 25 ’23, which means that ADLER JASON MARC is holding 1,376,054 shares at $179,650 based on the most recent closing price.
Stock Fundamentals for CRON
Current profitability levels for the company are sitting at:
- -0.64 for the present operating margin
- 0.11 for the gross margin
The net margin for Cronos Group Inc stands at -0.77. The total capital return value is set at -0.06. Equity return is now at value -6.34, with -6.04 for asset returns.
Based on Cronos Group Inc (CRON), the company’s capital structure generated 0.0 points at debt to capital in total, while cash flow to debt ratio is standing at -16.74.
Currently, EBITDA for the company is -73.12 million with net debt to EBITDA at 13.45. When we switch over and look at the enterprise to sales, we see a ratio of 3.73. The receivables turnover for the company is 2.74for trailing twelve months and the total asset turnover is 0.09. The liquidity ratio also appears to be rather interesting for investors as it stands at 22.54.
Conclusion
To wrap up, the performance of Cronos Group Inc (CRON) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
