Cronos Group Inc (NASDAQ: CRON) is -1.91% lower on its value in year-to-date trading and has touched a low of $1.83 and a high of $3.14 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CRON stock was last observed hovering at around $2.22 in the last trading session, with the day’s loss setting it -0.17%.
Currently trading at $2.05, the stock is -5.70% and -6.05% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.84 million and changing -7.66% at the moment leaves the stock -12.28% off its SMA200. CRON registered 7.89% gain for a year compared to 6-month loss of -20.54%. The firm has a 50-day simple moving average (SMA 50) of $2.185 and a 200-day simple moving average (SMA200) of $2.33695.
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The stock witnessed a -5.53% gain in the last 1 month and extending the period to 3 months gives it a -11.64%, and is -2.84% 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 4.35% over the week and 3.85% over the month.
Cronos Group Inc (CRON) has around 356 employees, a market worth around $1.09B and $101.78M in sales. Fwd P/E is 205.21. Profit margin for the company is -56.47%. Distance from 52-week low is 12.02% and -34.71% 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 53.71% this year
225.0 institutions hold shares in Cronos Group Inc (CRON), with institutional investors hold 29.14% of the company’s shares. The shares outstanding are 381.30M, and float is at 200.31M with Short Float at 2.46%. Institutions hold 15.62% 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.
