Cronos Group Inc (NASDAQ: CRON) is -12.38% lower on its value in year-to-date trading and has touched a low of $1.60 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 $1.72 in the last trading session, with the day’s gains setting it 0.05%.
Currently trading at $1.77, the stock is 0.28% and -5.65% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.91 million and changing 2.91% at the moment leaves the stock -15.02% off its SMA200. CRON registered -27.46% loss for a year compared to 6-month loss of -19.55%. The firm has a 50-day simple moving average (SMA 50) of $1.876 and a 200-day simple moving average (SMA200) of $2.082875.
The stock witnessed a -4.32% gain in the last 1 month and extending the period to 3 months gives it a -10.61%, and is 2.91% 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 5.00% over the week and 4.53% over the month.
Cronos Group Inc (CRON) has around 459 employees, a market worth around $677.08M and $117.62M in sales. Current P/E ratio is 16.70 and Fwd P/E is 22.09. Profit margin for the company is 34.93%. Distance from 52-week low is 10.62% and -43.63% from its 52-week high. The company has generated returns on investments over the last 12 months (3.86%).
with sales reaching $45.44M over the same period.The EPS is expected to shrink by -124.22% this year, but quarterly earnings will post 22.55% year-over-year. Quarterly sales are estimated to grow 31.31% in year-over-year returns.
219.0 institutions hold shares in Cronos Group Inc (CRON), with institutional investors hold 26.48% of the company’s shares. The shares outstanding are 382.53M, and float is at 197.60M with Short Float at 2.14%. Institutions hold 14.24% 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 2.0804 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.
