Cronos Group Inc. (CRON): What is the Risk Factor?

Cronos Group Inc. (NASDAQ:CRON) saw an upside of 0.37% to close Tuesday at $5.39 after adding $0.02 on the day. The 5-day average trading volume is 1,503,720 shares of the company’s common stock. It has gained $5.70 in the past week. An average of 1,731,385 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,728,476.

CRON’s 1-month performance is -10.91% or -$0.74 on its low of $5.36 reached on 10/12/21. The company’s shares have touched a 52-week low of $5.17 and high of $15.83, with the stock’s rally to the 52-week high happening on 02/10/21. YTD, CRON has lost -22.33% or -$1.55. However, the current price is down -65.95%% from the 52-week high price.

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Insider Transactions

On Mar 17, 210 days have gone by since the last insider trading activity for Cronos Group Inc. (CRON). ADLER JASON MARC (Director) most recently sold 714,759 shares at $10.07 per share on Mar 17. This transaction cost the insider $7,194,550. Executive Chairman, GORENSTEIN MICHAEL RYAN, sold 130,000 shares at a price of $10.73 on Mar 15. Then, on Mar 15, Director ADLER JASON MARC sold 452,810 shares at a price of $10.65 per share. This transaction amounted to $4,823,649.

Valuation Metrics

Cronos Group Inc. (CRON) has a trailing price-to-earnings (P/E) ratio of 23.00 for the broader industry and 32.19 for the sector. The company’s PE ratio for the last five years has touched a high of 766.56 and a low of 1.991. CRON stock has a beta of 1.55. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 36.11 while the price-to-book (PB) in the most recent quarter is 0.98.

Cronos Group Inc.’s quick ratio for the period ended June 29 was 5.60, with the current ratio over the same period at 5.80 meaning that CRON stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.00, while the total debt to equity was 0.00. In terms of profitability, the gross margin trailing 12 months is -62.10%. The trailing 12-month EBITDA margin is -368.80%. The firm’s gross profit as reported stood at -$25.83 million against revenue of $46.72 million.

Earnings Surprise

For the quarterly period ending June 29 this year, Cronos Group Inc.’s cash and short-term investments amounted to $201.7 million against total debt of $7.54 million. Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected CRON to announce -$0.1 per share in earnings in its latest quarter, but it posted $0.15, representing a 250.00% surprise. EBITDA for the quarter stood at more than -$57.01 million. CRON stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 208.7 million, with total debt at $7.54 million. Shareholders hold equity totaling $371.81 million

Technical Picture

Let’s look briefly at Cronos Group Inc. (CRON) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 12 October was 33.41% to suggest the stock is trending Neutral, with historical volatility in this time period at 22.46%.

The stock’s 5-day moving average is $5.46, reflecting a -1.64% or -$0.09 change from its current price. CRON is currently trading -7.55% above its 20-day SMA, -27.36% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -26.47% and -27.94% respectively.

Stochastic %K and %D was 11.76% and 12.42% and the average true range (ATR) pointed at 0.20. The RSI (14) points at 34.55%, while the 14-day stochastic is at 3.70% with the period’s ATR at 0.22. The stock’s 9-day MACD Oscillator is pointing at -0.09 and -0.19 on the 14-day charts.

Analyst Ratings

Analysts offering their rating for CRON stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate CRON as a “sell,”, while 6 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 2 rates the stock as overweight while 2 have offered a “buy” rating.

What is CRON’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $5.10 and a high of $8.75, with their median price target at $6.99. Looking at these predictions, the average price target given by analysts is for Cronos Group Inc. (CRON) stock is $7.00.


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