Cronos Group Inc (NASDAQ:CRON) price closed lower on Monday, April 15, dropping -2.79% below its previous close.
A look at the daily price movement shows that the last close reads $2.51. The company’s 5Y monthly beta was ticking 1.12. Taking into account the 52-week price action we note that the stock hit a 52-week high of $2.99 and 52-week low of $1.64. The stock added 23.23% on its value in the past month.
Cronos Group Inc, which has a market valuation of $930.37 million, is expected to release its quarterly earnings report May 07, 2024 – May 13, 2024.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give CRON a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.
The overview shows that CRON’s price is at present -4.41% off the SMA20 and 6.64% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 48.29, with weekly volatility standing at 6.62%. The indicator jumps to 7.41% when calculated based on the past 30 days. Cronos Group Inc (NASDAQ:CRON)’s beta value is holding at 1.18, while the average true range (ATR) indicator is currently reading 0.16.
An analysis of the Cronos Group Inc (NASDAQ:CRON) stock in terms of its daily trading volume indicates that the 3-month average is 2.91 million.
Current records show that the company has 381.30M in outstanding shares. The insiders’ percentage holdings are 47.84% of outstanding shares while the percentage share held by institutions stands at 12.37%. But the 16.75% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
