Cronos Group Inc (NASDAQ:CRON) traded at $2.55 at close of the session on Monday, April 29, made a downward move of -1.54% on its previous day’s price.
Looking at the stock we see that its previous close was $2.59. In terms of its 52-week price range, CRON has a high of $2.99 and a low of $1.64. The company’s stock has lost about -2.30% over that past 30 days.
Cronos Group Inc has a market cap of $972.31 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.01, with the EPS growth for the year raised at -$0.08 for 2024 and -$0.08 for next year. These figures represent 27.30% and 0.00% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $23.78 million, with a low of $22.7 million and a high of $25.1 million. The median projection represents growth squeezing down to 18.10% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $101.2 million, or 16.00% up from figures reported last year.
On the other hand, looking at the outlook for the CRON stock, short term indicators assign the stock an average of 75% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Looking further, we note the current price level is -0.22% off its SMA20 and 8.49% from its 50-day simple moving average. The RSI (14) is pointing at 55.70 while the volatility over the past week is 5.79% and jumps to 6.56% over the past one month. The beta value is 1.17, while the average true range (ATR) is currently pointing at 0.15.
Coming back to Cronos Group Inc (NASDAQ:CRON), we note that the average 3-month trading volume was 3.04 million. Current shares outstanding are 381.30 million.
The insiders hold 47.84% of the company’s shares while institutions hold 12.33%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 22.01% up in year-to-date price movement.
