The stock of Cronos Group Inc. (NASDAQ:CRON) decreased by -$0.05 on Tuesday to finish at $1.68, down -2.89 percent. The last five days have seen an average of 1,306,880 shares of common stock traded. 2 times new highs were reached in the current year, with a fall of -$0.8600. The average number of shares traded over the last 20 days was 1,403,070, while the average volume over the last 50 days totaled 1,667,480.
CRON stock dropped -9.19% since last month. On 08/08/23, the company’s shares reached a one-month low of $1.6400. The stock touched a high of $3.62 on 01/09/23, after rallying from a low of $1.64 in 52 weeks. The price of CRON stock has declined by -33.86% or -$0.8600 this year, reaching a new high 2 times. Still, the stock price is down -53.54% from the 52-week high.
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Insider Transactions
CRON stock investors should be aware that Cronos Group Inc. (CRON) stock had its last reported insider trading activity 78 days ago on May 30. On May 30, Director ADLER JASON MARC acquired 37,500 shares at $1.74 each. This transaction resulted in the insider spending $65,074. On May 25, ADLER JASON MARC added 100,000 shares at a price of US$1.80. After the transaction, the insider now owns 1,376,054 shares. Director ADLER JASON MARC had earlier bought 100,000 shares on May 23 for $1.90 a share. The transaction was completed for $190,220.
Valuation Metrics
Beta for the stock is 1.44. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 7.69, the price-to-book (PB) ratio of 0.42.
Financial Health
For the recent quarter, Cronos Group Inc.’s quick ratio was 31.50, while its current ratio was 33.10, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 7.70% percent. Based on annual data, it had gross profit of $11.97 million and revenue of $91.9 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 -12.00%. There was a -19.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -12.50%.
Earnings Surprise
A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $9.1 million, while revenues fell by -5.6% to $9.44 million. EBITDA was -$18.24 million for the quarter. At the end of Cronos Group Inc.’s most recent quarter, its liabilities totaled 31.67 million, while its total debt was $3.22 million. Equity owned by shareholders amounts to $381.09 million.
Technical Picture
Here’s a quick look at Cronos Group Inc.’s (CRON) price momentum from a technical perspective. As of 15 August, the RSI 9-day stood at 28.84%, suggesting the stock is oversold, with a 25.85% historical volatility rate.
The stochastic %K and %D were 23.66% and 29.75% respectively, while the average true range (ATR) was 0.0808. Based on the 14-day stochastic reading of 12.90%, the RSI (14) reading is 36.00%. On the 9-day MACD Oscillator, the stock is at -0.0589, and the 14-day reading is at -0.0910.
Analyst Ratings
In its analyst report released on November 02, 2022, Bernstein began covering Cronos Group Inc. (NASDAQ: CRON). The stock was rated as a Mkt perform by the brokerage firm. Analysts have assigned Cronos Group Inc. (CRON) an Overweight rating. CRON is a stock that is recommended for selling by 0 brokerage firms, while 6 companies recommend holding. The stock is underweighted by 1 analyst. Among the analysts who rate the stock, 1 rate it overweight and 3 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 $1.57 and $3.77, with a median target price of $2.51. In analyzing these forecasts, the average price target given by analysts for Cronos Group Inc. (CRON) is $2.53.
