Cronos Group Inc (NASDAQ: CRON) is -13.87% lower on its value in year-to-date trading and has touched a low of $1.60 and a high of $2.54 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 $2.01 in the last trading session, with the day’s gains setting it 0.04%.
Currently trading at $2.05, the stock is 3.43% and 3.17% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.07 million and changing 1.99% at the moment leaves the stock 3.58% off its SMA200. CRON registered 1.49% gain for a year compared to 6-month loss of 5.13%. The firm has a 50-day simple moving average (SMA 50) of $1.9776 and a 200-day simple moving average (SMA200) of $1.980875.
The stock witnessed a 6.22% gain in the last 1 month and extending the period to 3 months gives it a 19.19%, and is -2.38% 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 2.65% over the week and 2.73% over the month.
Cronos Group Inc (CRON) has around 459 employees, a market worth around $790.11M and $124.59M in sales. Current P/E ratio is 16.05. Profit margin for the company is 39.68%. Distance from 52-week low is 28.12% and -19.29% from its 52-week high. The company has generated returns on investments over the last 12 months (4.63%).
The EPS is expected to shrink by -182.64% this year
201.0 institutions hold shares in Cronos Group Inc (CRON), with institutional investors hold 26.88% of the company’s shares. The shares outstanding are 385.41M, and float is at 199.05M with Short Float at 1.45%. Institutions hold 14.32% 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 1.8782 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.
