As of Wednesday close, Cronos Group Inc.’s (NASDAQ:CRON) stock was down -$0.03, moving down -1.36 percent to $2.18. The average number of shares traded per day over the past five days has been 3,810,600 shares. 2 times new highs have been achieved over the past 5 days, with a -$0.26 fall in that time frame. In the last twenty days, the average volume was 4,049,995, while in the previous 50 days, it was 2,607,092.
Since last month, CRON stock rose 21.79%. Shares of the company fell to $1.67 on 08/25/23, the lowest level in the past month. A 52-week high of $3.62 was reached on 09/15/23 after having rallying from a 52-week low of $1.64. Since the beginning of this year, CRON’s stock price has dropped by -14.17% or -$0.36, and marked a new high 3 times. However, the stock has declined by -39.71% since its 52-week high.
CRON stock investors should be aware that Cronos Group Inc. (CRON) stock had its last reported insider trading activity 114 days ago on May 30. ADLER JASON MARC, the Director of the company, purchased of 37,500 shares for $1.74 on May 30. It resulted in a $65,074 investment by the insider. ADLER JASON MARC added 100,000 shares at an average price of $1.80 on May 25. The insider now owns 1,376,054 shares following the transaction. On May 23, Director ADLER JASON MARC bought 100,000 shares at $1.90 apiece. The transaction was valued at $190,220.
Valuation Metrics
The stock’s beta is 1.40. Besides these, the trailing price-to-sales (P/S) ratio of 10.45, the price-to-book (PB) ratio of 0.54.
Financial Health
In the three months ended June 29, Cronos Group Inc.’s quick ratio stood at 31.50, while its current ratio was 33.10, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 7.70% percent. Based on annual data, CRON earned $11.97 million in gross profit and brought in $91.9 million in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -19.30%. Return on equity (ROE) for the past 12 months was -12.50%.
According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. CRON’s revenue fell -5.6% to $9.44 million during the quarter, while net income inched up to $9.1 million. While analysts expected Cronos Group Inc. to report -$0.03 quarterly earnings, the actual figure was -$0.01 per share, beating the consensus estimate by 66.70%. During the quarter, the company generated -$18.24 million in EBITDA. The liabilities of Cronos Group Inc. were 31.67 million at the end of its most recent quarter ended June 29, and its total debt was $3.22 million. The value of shareholders’ equity is $381.09 million.
Technical Picture
This quick technical analysis looks at Cronos Group Inc.’s (CRON) price momentum. With a historical volatility rate of 86.19%, the RSI 9-day stood at 51.61% on 20 September.
With respect to its five-day moving average, the current Cronos Group Inc. price is down by -10.66% percent or -$0.26. At present, CRON shares trade +23.86% above its 20-day simple moving average and +18.48% percent above its 100-day simple moving average. However, the stock is currently trading approximately +7.92% above its SMA50 and -33.13% below its SMA200.
Stochastic coefficient K was 51.08% and Stochastic coefficient D was 62.26%, while ATR was 0.17. Given the Stochastic reading of 40.26% for the 14-day period, the RSI (14) reading has been calculated as 54.73%. As of today, the MACD Oscillator reading stands at -0.10.
Analyst Ratings
Bernstein launched its rating on Cronos Group Inc. (NASDAQ: CRON) to a Mkt perform in a note to investors on November 02, 2022. Cronos Group Inc. (CRON) has been rated Overweight by analysts. According to 0 brokerage firms, CRON is a sell, and 5 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 1 analyst rate Cronos Group Inc. stock as buy, with 3 recommending it as overweight.
With a median target price of $2.23, the current consensus forecast for the stock is $1.57 – $3.70. Based on these forecasts, analysts predict Cronos Group Inc. (CRON) will achieve an average price target of $2.44.
