Cronos Group Inc (NASDAQ:CRON) saw an upside of 4.81% to close Monday at $2.18 after adding $0.1 on the day. The 5-day average trading volume is 2,588,640 shares of the company’s common stock. It has gained $2.32 in the past week and touched a new high 1 time within the past 5 days. An average of 4,253,645 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,646,726.
CRON’s 1-month performance is 28.24% or $0.49 on its low of $1.68 reached on 08/28/23. The company’s shares have touched a 52-week low of $1.64 and high of $3.62, with the stock’s rally to the 52-week high happening on 09/15/23. YTD, CRON has lost -14.17% or -$0.36 and has reached a new high 3 times. However, the current price is down -39.71% from the 52-week high price.
Valuation Metrics
CRON stock has a beta of 1.39. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 10.01 while the price-to-book (PB) in the most recent quarter is 0.73.
Cronos Group Inc’s quick ratio for the period ended June 29 was 31.50, with the current ratio over the same period at 33.12. In terms of profitability, the gross margin trailing 12 months is 0.02%. The trailing 12-month EBITDA margin is -111.95% while for the period ending June 29, Cronos Group Inc’s operating margin was -123.36%. The firm’s gross profit as reported stood at $11.97 million against revenue of $91.9 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -141.87% to -$8.36 million, while revenue of -$19.17 million was -129.31% off the previous quarter. Analysts expected CRON to announce -$0.03 per share in earnings in its latest quarter, but it posted -$0.01, representing a 66.70% surprise. EBITDA for the quarter stood at more than -$18.24 million. CRON stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 31.67 million, with total debt at $3.22 million. Shareholders hold equity totaling $381.09 million.
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 25 September was 52.38% to suggest the stock is trending Neutral, with historical volatility in this time period at 65.16%.
The stock’s 5-day moving average is $2.15, reflecting a -3.11% or -$0.07 change from its current price. CRON is currently trading +28.99% above its 20-day SMA, +17.84% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +14.14% and SMA200 by-28.05%.
Stochastic %K and %D was 27.70% and 32.50% and the average true range (ATR) pointed at 0.15. The RSI (14) points at 54.43%, while the 14-day stochastic is at 35.21% with the period’s ATR at 0.15. The stock’s 9-day MACD Oscillator is pointing at -0.13 and -0.11 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Cronos Group Inc (NASDAQ: CRON), Bernstein launched coverage with a Mkt perform rating. Analysts offering their rating for CRON stock have a consensus rating for the stock as Overweight. Currently, 0 brokerage advisors rate CRON as a “sell,”, while 5 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 3 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 $1.57 and a high of $3.70, with their median price target at $2.23. Looking at these predictions, the average price target given by analysts is for Cronos Group Inc (CRON) stock is $2.44.
