The stock of Cronos Group Inc (NASDAQ: CRON) has decreased by -0.23 when compared to last closing price of 2.18.Despite this, the company has seen a gain of 0.23% in its stock price over the last five trading days. marijuanastocks.com reported 2024-09-11 that Over the last several days some marijuana stocks have begun to pick up in momentum. There have been several attempts to show good faith in the legalization efforts for cannabis markets across the USA. Recently Trump has shown his support for legal cannabis in Florida under the right conditions. From this news, more people began to speculate that Trump’s support can mean big things for legal cannabis. In addition to fueling more profitable trading in the hopes of better reform measures.
Is It Worth Investing in Cronos Group Inc (NASDAQ: CRON) Right Now?
Moreover, the 36-month beta value for CRON is 0.97. 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.”
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The public float for CRON is 200.30M and currently, short sellers hold a 2.68% of that float. On September 12, 2024, CRON’s average trading volume was 981.12K shares.
CRON’s Market Performance
CRON’s stock has seen a 0.23% increase for the week, with a -6.65% drop in the past month and a -13.00% fall in the past quarter. The volatility ratio for the week is 3.44%, and the volatility levels for the past 30 days are at 3.97% for Cronos Group Inc. The simple moving average for the past 20 days is -4.31% for CRON’s stock, with a -5.72% 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 -5.94% 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 -30.73% of loss for the given period.
Volatility was left at 3.97%, however, over the last 30 days, the volatility rate increased by 3.44%, as shares sank -7.02% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.74% lower at present.
During the last 5 trading sessions, CRON rose by +0.69%, which changed the moving average for the period of 200-days by +6.59% in comparison to the 20-day moving average, which settled at $2.26. In addition, Cronos Group Inc saw 4.07% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for CRON
Current profitability levels for the company are sitting at:
- -0.44 for the present operating margin
- 0.13 for the gross margin
The net margin for Cronos Group Inc stands at -0.53. The total capital return value is set at -0.05. Equity return is now at value -5.22, with -5.08 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 8.2. The debt to equity ratio resting at 0.0. The interest coverage ratio of the stock is 6.08.
Currently, EBITDA for the company is -73.12 million with net debt to EBITDA at 19.01. When we switch over and look at the enterprise to sales, we see a ratio of -0.11. The receivables turnover for the company is 3.33for trailing twelve months and the total asset turnover is 0.1. The liquidity ratio also appears to be rather interesting for investors as it stands at 28.29.
Conclusion
To wrap up, the performance of Cronos Group Inc (CRON) has been mixed in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.
