Cronos Group Inc (NASDAQ: CRON) is -2.48% lower on its value in year-to-date trading and has touched a low of $1.86 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 $1.98 in the last trading session, with the day’s loss setting it -0.01%.
Currently trading at $1.97, the stock is -0.68% and -2.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.89 million and changing -0.51% at the moment leaves the stock -14.29% off its SMA200. CRON registered -3.43% loss for a year compared to 6-month loss of -19.59%. The firm has a 50-day simple moving average (SMA 50) of $2.0289 and a 200-day simple moving average (SMA200) of $2.301875.
The stock witnessed a 2.07% gain in the last 1 month and extending the period to 3 months gives it a -8.80%, and is -2.96% 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 2.81% over the week and 3.72% over the month.
Cronos Group Inc (CRON) has around 356 employees, a market worth around $753.13M and $111.23M in sales. Fwd P/E is 65.80. Profit margin for the company is -42.66%. Distance from 52-week low is 5.91% and -37.26% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.38%).
with sales reaching $48.64M over the same period.The EPS is expected to grow by 64.81% this year, but quarterly earnings will post 45.03% year-over-year. Quarterly sales are estimated to grow 49.86% in year-over-year returns.
220.0 institutions hold shares in Cronos Group Inc (CRON), with institutional investors hold 29.14% of the company’s shares. The shares outstanding are 382.29M, and float is at 200.22M with Short Float at 1.95%. 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.
