At the time of writing, Cronos Group Inc [CRON] stock is trading at $2.70, up 0.75%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CRON shares have gain 2.27% over the last week, with a monthly amount glided 37.06%, and seem to be holding up well over a long-time horizon.
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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.
For the past year, the stock price of Cronos Group Inc fluctuated between $1.64 and $2.99. Currently, Wall Street analysts expect the stock to reach $4 within the next 12 months. Cronos Group Inc [NASDAQ: CRON] shares were valued at $2.70 at the most recent close of the market. An investor can expect a potential return of 48.15% based on the average CRON price forecast.
Analyzing the CRON fundamentals
According to Cronos Group Inc [NASDAQ:CRON], the company’s sales were 87.89M for trailing twelve months, which represents an 4.49% jump. Gross Profit Margin for this corporation currently stands at 0.11% with Operating Profit Margin at -0.64%, Pretax Profit Margin comes in at -0.78%, and Net Profit Margin reading is -0.77%. To continue investigating profitability, this company’s Return on Assets is posted at -0.07, Equity is -0.07 and Total Capital is -0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.0.
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 2.62 points at the first support level, and at 2.55 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.82, and for the 2nd resistance point, it is at 2.95.
Cronos Group Inc [CRON] reported earnings per share of -$0.05 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.01/share, meaning a difference of -$0.04 and a surprise factor of -400.00%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0 per share as compared to estimates of -$0.02 per share, a difference of $0.02 representing a surprise of 100.00%.
Ratios To Look Out For
It is important to note that Cronos Group Inc [NASDAQ:CRON] has a current ratio of 22.54. Also, the Quick Ratio is 21.81, while the Cash Ratio stands at 16.17. Considering the valuation of this stock, the price to sales ratio is 11.71, the price to book ratio is 0.94.
Transactions by insiders
Recent insider trading involved ADLER JASON MARC, Director, that happened on May 30 ’23 when 37500.0 shares were purchased. Director, ADLER JASON MARC completed a deal on May 25 ’23 to buy 100000.0 shares. Meanwhile, Director ADLER JASON MARC bought 100000.0 shares on May 23 ’23.
