Cronos Group Inc (NASDAQ: CRON) is 1.98% higher 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 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 $2.04 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $2.06, the stock is 9.90% and 11.81% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.37 million and changing 0.98% at the moment leaves the stock 1.13% off its SMA200. CRON registered -25.63% loss for a year compared to 6-month loss of 3.00%.
The stock witnessed a 19.77% gain in the last 1 month and extending the period to 3 months gives it a 4.04%, and is 11.35% 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 3.67% over the week and 3.94% over the month.
Cronos Group Inc (CRON) has around 459 employees, a market worth around $793.97M and $124.59M in sales. Current P/E ratio is 16.12 and Fwd P/E is 34.41. Profit margin for the company is 39.68%. Distance from 52-week low is 28.75% and -34.39% from its 52-week high. The company has generated returns on investments over the last 12 months (4.63%).
with sales reaching $45.04M over the same period.The EPS is expected to shrink by -109.57% this year, but quarterly earnings will post 19.55% year-over-year. Quarterly sales are estimated to grow 18.04% in year-over-year returns.
The shares outstanding are 385.41M, and float is at 199.09M with Short Float at 2.03%.
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 1.8782 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 0.6887 of the shares totaling 2.63 million with a market value of $6.13 million.
