The 36-month beta value for CRON is also noteworthy at 1.17. 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 at present, short sellers hold a 2.83% of that float. The average trading volume of CRON on April 29, 2024 was 3.04M shares.
CRON) stock’s latest price update
Cronos Group Inc (NASDAQ: CRON) has experienced a rise in its stock price by 0.97 compared to its previous closing price of 2.59. However, the company has seen a gain of 10.81% in its stock price over the last five trading days. GlobeNewsWire reported 2024-04-25 that TORONTO, April 25, 2024 (GLOBE NEWSWIRE) — Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”) will hold its 2024 first quarter earnings conference call on Thursday, May 9, 2024 at 8:30 a.m. ET. Cronos’ senior management team will discuss the Company’s financial results and will be available for questions from the investment community after prepared remarks.
CRON’s Market Performance
Cronos Group Inc (CRON) has seen a 10.81% rise in stock performance for the week, with a 0.19% gain in the past month and a 26.94% surge in the past quarter. The volatility ratio for the week is 6.40%, and the volatility levels for the past 30 days are at 6.55% for CRON. The simple moving average for the past 20 days is 2.33% for CRON’s stock, with a 26.49% 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 11.26% 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 -12.54% of loss for the given period.
Volatility was left at 6.55%, however, over the last 30 days, the volatility rate increased by 6.40%, as shares sank -0.65% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +19.22% upper at present.
During the last 5 trading sessions, CRON rose by +11.14%, which changed the moving average for the period of 200-days by +27.33% in comparison to the 20-day moving average, which settled at $2.55. In addition, Cronos Group Inc saw 25.12% 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 3.32. 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 summary, Cronos Group Inc (CRON) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
