Cronos Group Inc [CRON] stock is trading at $1.89, down -3.08%. 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 lost -3.08% over the last week, with a monthly amount drifted -7.35%, and not seem to be holding up well over a long-time horizon.
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 [CRON] stock has fluctuated between $1.86 and $3.14 over the past year. Currently, Wall Street analysts expect the stock to reach $2.3 within the next 12 months. Cronos Group Inc [NASDAQ: CRON] shares were valued at $1.89 at the most recent close of the market. An investor can expect a potential return of 21.69% based on the average CRON price forecast.
Analyzing the CRON fundamentals
Cronos Group Inc [NASDAQ:CRON] reported sales of 111.23M for the trailing twelve months, which represents a growth of 38.11%. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at -0.78%, Pretax Profit Margin comes in at -0.49%, and Net Profit Margin reading is -0.43%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.04 and Total Capital is -0.08.
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 1.8500 points at the first support level, and at 1.8100 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.9600, and for the 2nd resistance point, it is at 2.0300.
Ratios To Look Out For
For context, Cronos Group Inc’s Current Ratio is 24.24. Also, the Quick Ratio is 23.05, while the Cash Ratio stands at 21.79. Considering the valuation of this stock, the price to sales ratio is 6.50, the price to book ratio is 0.67.
