A share price of Cronos Group Inc [CRON] is currently trading at $2.30, up 2.68%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CRON shares have gain 4.07% over the last week, with a monthly amount glided 17.35%, and seem to be holding up well over a long-time horizon.
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On 14, February 2024, Cronos Group Inc. to Hold 2023 Fourth Quarter and Full-Year Earnings Conference Call on February 29, 2024. In a post published today on Yahoo Finance, Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos” or the “Company”) will hold its 2023 fourth quarter and full-year earnings conference call on Thursday, February 29, 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.
From an analyst’s perspective:
Cronos Group Inc [NASDAQ: CRON] stock has seen the most recent analyst activity on November 02, 2022, when Bernstein initiated its Mkt Perform rating and assigned the stock a price target of $3. Previously, Canaccord Genuity upgraded its rating to Buy on July 28, 2022. On May 11, 2022, upgrade upgraded it’s rating to Sector Outperform. Barclays upgraded its rating to a Equal Weight. Jefferies upgraded its rating to a Hold and reduced its price target to $3.24 on January 27, 2022.
Cronos Group Inc experienced fluctuations in its stock price throughout the past year between $1.64 and $2.64. Currently, Wall Street analysts expect the stock to reach $4 within the next 12 months. Cronos Group Inc [NASDAQ: CRON] shares were valued at $2.30 at the most recent close of the market. An investor can expect a potential return of 73.91% based on the average CRON price forecast.
Analyzing the CRON fundamentals
Trailing Twelve Months sales for Cronos Group Inc [NASDAQ:CRON] were 86.86M which represents 18.58% growth. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 2.26 points at the first support level, and at 2.21 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.33, and for the 2nd resistance point, it is at 2.35.
Cronos Group Inc [CRON] reported earnings per share of $0 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.02/share, meaning a difference of $0.02 and a surprise factor of 100.00%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were -$0.01 per share as compared to estimates of -$0.03 per share, a difference of $0.02 representing a surprise of 66.70%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Cronos Group Inc [NASDAQ:CRON] is 30.03. As well, the Quick Ratio is 28.86, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 10.09, the price to book ratio is 0.78.
Transactions by insiders
Recent insider trading involved ADLER JASON MARC, Director, that happened on May 30 when 37500.0 shares were purchased. Director, ADLER JASON MARC completed a deal on May 25 to buy 100000.0 shares. Meanwhile, Director ADLER JASON MARC bought 100000.0 shares on May 23.
