Cronos Group Inc (NASDAQ:CRON) shares, rose in value, with the stock price up by 0.81% to the previous day’s close as strong demand from buyers drove the stock to $2.50.
Actively observing the price movement in the last trading, the stock closed the session at $2.48. Referring to stock’s 52-week performance, its high was $2.99, and the low was $1.64. On the whole, CRON has fluctuated by -5.30% over the past month.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 101.2M, with a low estimate of 22.7M and a high estimate of 25.1M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 23.78M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CRON’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of CRON currently trading nearly -2.59% and 7.16% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 53.33, while the 7-day volatility ratio is showing 6.19% which for the 30-day chart, stands at 6.61%. Furthermore, Cronos Group Inc (CRON)’s beta value is 1.17, and its average true range (ATR) is 0.15.
A comparison of Cronos Group Inc (CRON) with its peers suggests the former has fared considerably weaker in the market. CRON showed an intraday change of 0.81% in last session, and over the past year, it grew by 42.05%%.
Data on historical trading for Cronos Group Inc (NASDAQ:CRON) indicates that the trading volumes over the past 3 months, they’ve averaged 3.04 million. According to company’s latest data on outstanding shares, there are 381.30 million shares outstanding.
Nearly 47.84% of Cronos Group Inc’s shares belong to company insiders and institutional investors own 12.35% of the company’s shares. The stock has risen by 19.62% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CRON stock heading into the next quarter.
