Cronos Group Inc (NASDAQ: CRON) is -8.42% 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 $1.89 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $1.85, the stock is -4.64% and -5.38% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.83 million and changing -2.12% at the moment leaves the stock -16.31% off its SMA200. CRON registered -17.04% loss for a year compared to 6-month loss of -20.94%.
The stock witnessed a -2.12% gain in the last 1 month and extending the period to 3 months gives it a -9.76%, and is -5.61% 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 2.75% over the week and 3.33% over the month.
Cronos Group Inc (CRON) has around 356 employees, a market worth around $707.26M and $111.23M in sales. Profit margin for the company is -42.66%. Distance from 52-week low is 1.09% and -41.08% from its 52-week high. The company has generated returns on investments over the last 12 months (-4.38%).
The EPS is expected to grow by 116.67% this year
The shares outstanding are 382.29M, and float is at 200.22M with Short Float at 1.88%.
The top institutional shareholder in the company is CHESCAPMANAGER LLC with over 7.95 million shares valued at $$18.52 million. The investor’s holdings represent 2.0804 of the CRON Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 7.18 million shares valued at $$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 1.2603 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.
