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Cronos Group Inc. [CRON] is 95.82% higher this YTD. Is it still time to buy?

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Cronos Group Inc. [NASDAQ: CRON] stock went on an upward path that rose over 6.01% on Tuesday, amounting to a one-week price increase of more than 19.74%. The company report on January 20, 2021 that Cronos Group Inc. to Speak at the 24th Annual CIBC Western Institutional Investor Conference.

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Cronos Group Inc. (NASDAQ: CRON) (TSX: CRON) (“Cronos Group” or the “Company”), an innovative global cannabinoid company, announced that Kurt Schmidt, President and Chief Executive Officer, will speak at the 24th Annual CIBC Western Institutional Investor Conference on Friday, January 22, 2021 at 4:10 p.m. EST.


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A recording will be available on the Investors section of the Company’s website at https://ir.thecronosgroup.com/events-presentations.

Over the last 12 months, CRON stock rose by 102.53%.

The market cap for the stock reached $4.84 billion, with 356.19 million shares outstanding and 189.71 million shares in the current float. Compared to the average trading volume of 5.85M shares, CRON stock reached a trading volume of 13718642 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on 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 0.83, with the Price to Sales ratio for CRON stock in the period of the last 12 months amounting to 130.89. The Price to Book ratio for the last quarter was 2.74.

CRON Stock Performance Analysis:

Cronos Group Inc. [CRON] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 19.74. With this latest performance, CRON shares gained by 50.00% in over the last four-week period, additionally plugging by 134.31% over the last 6 months – not to mention a rise of 102.53% 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 77.83, with the RSI for the last a single of trading hit 81.82, and the three-weeks RSI is set at 74.91 for Cronos Group Inc. [CRON]. The present Moving Average for the last 50 days of trading for this stock 9.30, while it was recorded at 12.57 for the last single week of trading, and 6.87 for the last 200 days.

Insight into Cronos Group Inc. 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 Position Details

There are presently around $539 million, or 14.60% 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 $99.49 million in CRON stocks shares; and VANGUARD GROUP INC, currently with $71.66 million in CRON stock with ownership of nearly -1.614% of the company’s market capitalization.

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Positions in Cronos Group Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 92 institutional holders increased their position in Cronos Group Inc. [NASDAQ:CRON] by around 4,138,055 shares. Additionally, 106 investors decreased positions by around 7,369,379 shares, while 79 investors held positions by with 28,154,015 shares. The mentioned changes placed institutional holdings at 39,661,449 shares, according to the latest SEC report filing. CRON stock had 42 new institutional investments in for a total of 1,698,399 shares, while 46 institutional investors sold positions of 2,104,365 shares during the same period.

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