Cronos Group Inc (CRON) Stock: A Closer Look at the Analyst Ratings

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Additionally, the 36-month beta value for CRON is 1.18. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”

The public float for CRON is 198.88M and currently, short sellers hold a 2.79% ratio of that float. The average trading volume of CRON on April 16, 2024 was 2.91M shares.

CRON) stock’s latest price update

The stock price of Cronos Group Inc (NASDAQ: CRON) has plunged by -2.79 when compared to previous closing price of 2.51, but the company has seen a -9.63% decline in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-12 that There is no doubt that blue-chip stocks are steady value creators and act as a fortress for the portfolio. However, it’s growth and high-potential penny stocks that can make millionaires.

CRON’s Market Performance

CRON’s stock has fallen by -9.63% in the past week, with a monthly rise of 23.23% and a quarterly rise of 22.61%. The volatility ratio for the week is 6.62% while the volatility levels for the last 30 days are 7.41% for Cronos Group Inc The simple moving average for the past 20 days is -4.41% for CRON’s stock, with a 19.39% 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 6.64% 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 -18.39% of loss for the given period.

Volatility was left at 7.41%, however, over the last 30 days, the volatility rate increased by 6.62%, as shares surge +16.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +12.96% upper at present.

During the last 5 trading sessions, CRON fell by -9.63%, which changed the moving average for the period of 200-days by +29.10% in comparison to the 20-day moving average, which settled at $2.57. In addition, Cronos Group Inc saw 16.75% 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 2.73. 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

In conclusion, Cronos Group Inc (CRON) has seen better performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.

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