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CRON Stock Forecast: All the More Reason to Consider Cronos Group Inc (CRON) Now

Cronos Group Inc (NASDAQ: CRON) is 26.32% higher on its value in year-to-date trading and has touched a low of $1.64 and a high of $2.77 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CRON stock was last observed hovering at around $2.61 in the last trading session, with the day’s gains setting it 0.03%.

Currently trading at $2.64, the stock is 19.43% and 22.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.23 million and changing 1.15% at the moment leaves the stock 31.99% off its SMA200. CRON registered 37.50% gain for a year compared to 6-month gain of 30.69%. The firm has a 50-day simple moving average (SMA 50) of $1.57 and a 200-day simple moving average (SMA200) of -$1.91.

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The stock witnessed a 26.92% loss in the last 1 month and extending the period to 3 months gives it a 25.71%, and is 1.15% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 7.62% over the week and 5.84% over the month.

Cronos Group Inc (CRON) has around 356 employees, a market worth around $1.01B and $87.89M in sales. Fwd P/E is 132.00. Profit margin for the company is -84.02%. Distance from 52-week low is 60.98% and -4.69% from its 52-week high. The company has generated returns on investments over the last 12 months (-6.71%).

Cronos Group Inc quarterly earnings per share for the current quarter are estimated at -$0.01 with sales reaching $23.78M over the same period.The EPS is expected to grow by 68.89% this year, but quarterly earnings will post 15.70% year-over-year. Quarterly sales are estimated to grow 18.10% in year-over-year returns.

Cronos Group Inc (CRON) Top Institutional Holders

201 institutions hold shares in Cronos Group Inc (CRON), with institutional investors hold 24.61% of the company’s shares. The shares outstanding are 381.30M, and float is at 198.81M with Short Float at 3.24%. Institutions hold 13.13% of the Float.

The top institutional shareholder in the company is Chescapmanager LLC with over 8.33 million shares valued at $16.4 million. The investor’s holdings represent 2.18% of the CRON Shares outstanding. As of Jun 29, 2023, the second largest holder is Vanguard Group Inc with 6.82 million shares valued at $13.43 million to account for 1.79% of the shares outstanding. The other top investors are ETF Managers Group, LLC which holds 5.53 million shares representing 1.45% and valued at over $10.72 million, while Shaw D.E. & Co., Inc. holds 0.38% of the shares totaling 1.45 million with a market value of $2.87 million.

Cronos Group Inc (CRON) Insider Activity

The most recent transaction is an insider purchase by ADLER JASON MARC,the company’sDirector. SEC filings show that ADLER JASON MARC bought 37,500 shares of the company’s common stock on May 30 ’23 at a price of $1.74 per share for a total of $65074.0. Following the purchase, the insider now owns 1.4 million shares.

Cronos Group Inc disclosed in a document filed with the SEC on May 25 ’23 that ADLER JASON MARC (Director) bought a total of 100,000 shares of the company’s common stock. The trade occurred on May 25 ’23 and was made at $1.80 per share for $0.18 million. Following the transaction, the insider now directly holds 1.38 million shares of the CRON stock.

Still, SEC filings show that on May 23 ’23, ADLER JASON MARC (Director) acquired 100,000 shares at an average price of $1.90 for $0.19 million. The insider now directly holds 1,306,055 shares of Cronos Group Inc (CRON).

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