Cronos Group Inc (NASDAQ: CRON) is 2.87% higher on its value in year-to-date trading and has touched a low of $1.68 and a high of $3.14 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 $2.20 in the last trading session, with the day’s loss setting it -0.05%.
Currently trading at $2.15, the stock is -7.09% and -8.01% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing -2.27% at the moment leaves the stock -6.40% off its SMA200. CRON registered 25.73% gain for a year compared to 6-month gain of -4.87%.
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The stock witnessed a -11.52% loss in the last 1 month and extending the period to 3 months gives it a -16.02%, and is -10.04% down 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 3.67% over the week and 4.74% over the month.
Cronos Group Inc (CRON) has around 356 employees, a market worth around $821.90M and $101.78M in sales. Profit margin for the company is -56.47%. Distance from 52-week low is 27.98% and -31.53% from its 52-week high. The company has generated returns on investments over the last 12 months (-5.42%).
The EPS is expected to grow by 57.41% this year
222.0 institutions hold shares in Cronos Group Inc (CRON), with institutional investors hold 29.84% of the company’s shares. The shares outstanding are 381.30M, and float is at 200.18M with Short Float at 2.59%. Institutions hold 15.99% of the Float.
The top institutional shareholder in the company is CHESCAPMANAGER LLC with over 7.95 million shares valued at $18.52 million. The investor’s holdings represent 2.0843 of the CRON Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 7.18 million shares valued at $16.72 million to account for 1.8817 of the shares outstanding. The other top investors are TOROSO INVESTMENTS, LLC which holds 4.82 million shares representing 1.2626 and valued at over $11.22 million, while DIMENSIONAL FUND ADVISORS LP holds 0.69 of the shares totaling 2.63 million with a market value of $6.13 million.
