Cronos Group Inc. [NASDAQ: CRON] closed the trading session at $8.02 on 11/24/20. The day’s price range saw the stock hit a low of $7.6711, while the highest price level was $8.25. The company report on November 14, 2020 that Cronos Group Inc. to Present at the Jefferies Virtual West Coast Consumer Conference.
Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”), an innovative global cannabinoid company, announced that Mike Gorenstein, Executive Chairman, will speak at the Jefferies Virtual West Coast Consumer Conference on Tuesday, November 17, 2020 at 1:10 p.m. EST.
The webcast will be available on the Investors section of the Company’s website at ir.thecronosgroup.com/events-presentations.
The stocks have a year to date performance of 4.56 percent and weekly performance of 8.97 percent. The stock has been moved at 18.99 percent over the last six months. The stock has performed 45.03 percent around the most recent 30 days and changed 49.63 percent over the most recent 3-months.
If compared to the average trading volume of 4.51M shares, CRON reached to a volume of 9134403 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about Cronos Group Inc. [CRON]:
Raymond James have made an estimate for Cronos Group Inc. shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on June 24, 2020. The new note on the price target was released on April 27, 2020, representing the official price target for Cronos Group Inc. stock.
The Average True Range (ATR) for Cronos Group Inc. is set at 0.53, with the Price to Sales ratio for CRON stock in the period of the last 12 months amounting to 77.25. The Price to Book ratio for the last quarter was 1.61.
CRON stock trade performance evaluation
Cronos Group Inc. [CRON] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 8.97. With this latest performance, CRON shares gained by 45.03% in over the last four-week period, additionally plugging by 18.99% over the last 6 months – not to mention a rise of 16.23% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CRON stock in for the last two-week period is set at 72.21, with the RSI for the last a single of trading hit 76.30, and the three-weeks RSI is set at 68.04 for Cronos Group Inc. [CRON]. The present Moving Average for the last 50 days of trading for this stock 5.95, while it was recorded at 7.41 for the last single week of trading, and 6.02 for the last 200 days.
Cronos Group Inc. [CRON]: An insightful look at the core fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Cronos Group Inc. [CRON] shares currently have an operating margin of -489.08 and a Gross Margin at -84.06. Cronos Group Inc.’s Net Margin is presently recorded at +4911.60.
Return on Total Capital for CRON is now -12.28, given the latest momentum, and Return on Invested Capital for the company is 124.36. Return on Equity for this stock inclined to 124.79, with Return on Assets sitting at 103.97. When it comes to the capital structure of this company, Cronos Group Inc. [CRON] has a Total Debt to Total Equity ratio set at 0.41. Additionally, CRON Total Debt to Total Capital is recorded at 0.40, with Total Debt to Total Assets ending up at 0.34. Long-Term Debt to Equity for the company is recorded at 0.38, with the Long-Term Debt to Total Capital now at 0.38.
Reflecting on the efficiency of the workforce at the company, Cronos Group Inc. [CRON] managed to generate an average of $2,445,235 per employee. Receivables Turnover for the company is 1.90 with a Total Asset Turnover recorded at a value of 0.02.
Cronos Group Inc. [CRON]: Insider Ownership positions
There are presently around $336 million, or 15.13% of CRON stock, in the hands of institutional investors. The top three institutional holders of CRON stocks are: CHESCAPMANAGER LLC with ownership of 8,873,890, which is approximately 0% of the company’s market cap and around 49.22% of the total institutional ownership; ETF MANAGERS GROUP, LLC, holding 7,321,147 shares of the stock with an approximate value of $58.72 million in CRON stocks shares; and VANGUARD GROUP INC, currently with $42.29 million in CRON stock with ownership of nearly -1.614% of the company’s market capitalization.
Positions in Cronos Group Inc. stocks held by institutional investors increased at the end of November and at the time of the November reporting period, where 75 institutional holders increased their position in Cronos Group Inc. [NASDAQ:CRON] by around 4,399,902 shares. Additionally, 105 investors decreased positions by around 5,306,738 shares, while 93 investors held positions by with 32,247,611 shares. The mentioned changes placed institutional holdings at 41,954,251 shares, according to the latest SEC report filing. CRON stock had 30 new institutional investments in for a total of 1,719,608 shares, while 46 institutional investors sold positions of 951,098 shares during the same period.