Should Investors Pay Attention To These Insider Trades For Cronos Group Inc. (CRON)?

The stock of Cronos Group Inc. (NASDAQ:CRON) decreased by decreased by -$0.3 on Friday to finish at $5.65, down -5.04 percent. The last five days have seen an average of 3,001,460 shares of common stock traded. 14 times new highs were reached in the current year, with a fall of -$1.29. The average number of shares traded over the last 20 days was 2,046,130, while the average volume over the last 50 days totaled 1,844,246.

CRON stock dropped -5.83% since last month. On 10/19/21, the company’s shares reached a one-month low of $5.34. The stock touched a high of $15.83 on 02/10/21, after rallying from a low of $5.17 in 52 weeks. The price of CRON stock has declined by -18.59% or -$1.29 this year, reaching a new high 14 times. Still, the stock price is down -64.31% from the 52-week high.

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Insider Transactions

There have been 222 days since Cronos Group Inc. (CRON) last reported insider trading activity on Mar 17. On Mar 17, Director ADLER JASON MARC sold 714,759 shares at $10.07 each. This transaction resulted in the insider making $7,194,550. On Mar 15, GORENSTEIN MICHAEL RYAN sold 130,000 shares at a price of US$10.73. After the transaction, the insider now owns 8,432,536 shares. Director ADLER JASON MARC had earlier sold 452,810 shares on Mar 15 for $10.65 a share. The transaction was completed for $4,823,649.

Valuation Metrics

The PE ratio of Cronos Group Inc. has varied between 766.56 and 1.991 in the last five years. Beta for the stock is 1.49. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 39.24, the price-to-book (PB) ratio of 1.04.

For the recent quarter, Cronos Group Inc.’s quick ratio was 5.60, while its current ratio was 5.80, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is -62.10% percent. Based on annual data, it had gross profit of -$25.83 million and revenue of $46.72 million.

Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. CRON’s return on assets (ROA) during the last 12 months has been -7.70%. There was a -12.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -8.80%. ROE has averaged -15.50 in the past year for the broader industry.

Earnings Surprise

A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at -$7.05 million, while revenues rose by 79.57% to -$0.92 million. EBITDA was -$57.01 million for the quarter. At the end of Cronos Group Inc.’s most recent quarter, its liabilities totaled 208.7 million, while its total debt was $9.36 million. Equity owned by shareholders amounts to $371.81 million.

Technical Picture

Here’s a quick look at Cronos Group Inc.’s (CRON) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 49.82%, suggesting the stock is Neutral, with a 53.98% historical volatility rate.

The stochastic %K and %D were 70.09% and 72.44% respectively, while the average true range (ATR) was 0.25. Based on the 14-day stochastic reading of 43.66%, the RSI (14) reading is 47.35%. On the 9-day MACD Oscillator, the stock is at 0.20, and the 14-day reading is at 0.24.

Analyst Ratings

Analysts have assigned Cronos Group Inc. (CRON) an Hold rating. CRON is a stock that is recommended for selling by 2 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 2 rates it overweight and 2 others recommend it as a buy.

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

The current consensus forecast for the stock is between $5.10 and $8.75, with a median target price of $6.99. In analyzing these forecasts, the average price target given by analysts for Cronos Group Inc. (CRON) is $7.00.


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