Cronos Group Inc (NASDAQ: CRON) has experienced a rise in its stock price by 3.73 compared to its previous closing price of 2.01. However, the company has seen a gain of 0.72% in its stock price over the last five trading days. fool.com reported 2024-11-12 that Cronos stock just went up — a lot. Maybe it’s time to sell?
Is It Worth Investing in Cronos Group Inc (NASDAQ: CRON) Right Now?
The 36-month beta value for CRON is at 0.99. Analysts have varying views on the stock, with 1 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for CRON is 200.32M, and currently, shorts hold a 2.46% of that float. The average trading volume for CRON on November 21, 2024 was 997.88K shares.
CRON’s Market Performance
CRON stock saw a decrease of 0.72% in the past week, with a monthly decline of -6.50% and a quarterly a decrease of -10.90%. The volatility ratio for the week is 3.71%, and the volatility levels for the last 30 days are 4.82% for Cronos Group Inc (CRON). The simple moving average for the past 20 days is -1.13% for CRON’s stock, with a -10.79% 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 -3.21% 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 -33.60% of loss for the given period.
Volatility was left at 4.82%, however, over the last 30 days, the volatility rate increased by 3.71%, as shares sank -4.97% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.65% lower at present.
During the last 5 trading sessions, CRON rose by +0.54%, which changed the moving average for the period of 200-days by -2.75% in comparison to the 20-day moving average, which settled at $2.11. In addition, Cronos Group Inc saw -0.24% 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:
- -0.65 for the present operating margin
- 0.21 for the gross margin
The net margin for Cronos Group Inc stands at -0.39. The total capital return value is set at -0.07. Equity return is now at value -4.32, with -4.08 for asset returns.
Currently, EBITDA for the company is -72.15 million with net debt to EBITDA at 13.28. When we switch over and look at the enterprise to sales, we see a ratio of -0.51. The receivables turnover for the company is 3.69for 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 24.24.
Conclusion
In conclusion, Cronos Group Inc (CRON) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
