Cronos Group Inc [CRON] stock prices are up 8.11% to $2.00 at the moment. 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 3.09% over the last week, with a monthly amount glided 5.82%, and 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.
The stock price of Cronos Group Inc [CRON] has been fluctuating between $1.83 and $3.14 over the past year. Currently, Wall Street analysts expect the stock to reach $3.43 within the next 12 months. Cronos Group Inc [NASDAQ: CRON] shares were valued at $2.00 at the most recent close of the market. An investor can expect a potential return of 71.5% based on the average CRON price forecast.
Analyzing the CRON fundamentals
The Cronos Group Inc [NASDAQ:CRON] reported sales of 111.23M for trailing twelve months, representing a surge 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.0.
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 1.9100 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 2.0600, and for the 2nd resistance point, it is at 2.1200.
Ratios To Look Out For
It’s worth pointing out that Cronos Group Inc [NASDAQ:CRON]’s Current Ratio is 24.24. As well, the Quick Ratio is 23.05, while the Cash Ratio is 21.79. Considering the valuation of this stock, the price to sales ratio is 6.87, the price to book ratio is 0.71.
