Market Analysts see Cronos Group Inc. [CRON] gaining to $5. Time to buy?



Cronos Group Inc. [NASDAQ: CRON] traded at a low on 01/06/22, posting a -1.30 loss after which it closed the day’ session at $3.81. The company report on December 31, 2021 that ONGOING INVESTIGATION ALERT: The Schall Law Firm Encourages Investors in Cronos Group Inc. with Losses of $100,000 to Contact the Firm.

The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Cronos Group Inc. (“Cronos” or “the Company”) (NASDAQ:CRON) for violations of the securities laws.

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The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Cronos filed a Form 8-K with the SEC on November 9, 2021, disclosing that the Company would “be required to restate its previously issued unaudited interim financial statements for the three and six months ended June 30, 2021” and that “the Company’s financial statements for this period should therefore no longer be relied upon.” Based on this news, shares of Cronos fell by nearly 16%.

The results of the trading session contributed to over 2848380 shares changing hands. Over the past one week, the price volatility of Cronos Group Inc. stands at 7.06% while the volatility over the past one month is 6.39%.

The market cap for CRON stock reached $1.84 billion, with 371.72 million shares outstanding and 193.64 million shares in the current float. Compared to the average trading volume of 3.31M shares, CRON reached a trading volume of 2848380 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Cronos Group Inc. [CRON]?

BofA Securities have made an estimate for Cronos Group Inc. shares, keeping their opinion on the stock as Underperform, with their previous recommendation back on November 18, 2021. While these analysts kept the previous recommendation, BofA Securities raised their target price to Underperform. The new note on the price target was released on April 28, 2021, representing the official price target for Cronos Group Inc. stock. Previously, the target price had yet another raise from $8 to $12.50, while CIBC kept a Neutral rating on CRON stock.

The Average True Range (ATR) for Cronos Group Inc. is set at 0.28, with the Price to Sales ratio for CRON stock in the period of the last 12 months amounting to 25.48. The Price to Book ratio for the last quarter was 0.68, with the Price to Cash per share for the same quarter was set at 2.89.

How has CRON stock performed recently?

Cronos Group Inc. [CRON] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -4.99. With this latest performance, CRON shares dropped by -15.52% in over the last four-week period, additionally sinking by -52.79% over the last 6 months – not to mention a drop of -56.75% 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 39.04, with the RSI for the last a single of trading hit 37.62, and the three-weeks RSI is set at 39.86 for Cronos Group Inc. [CRON]. The present Moving Average for the last 50 days of trading for this stock 4.72, while it was recorded at 3.98 for the last single week of trading, and 6.69 for the last 200 days.

Cronos Group Inc. [CRON]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Cronos Group Inc. [CRON] shares currently have an operating margin of -383.88 and a Gross Margin at -61.44. Cronos Group Inc.’s Net Margin is presently recorded at -155.16.

Return on Total Capital for CRON is now -10.77, given the latest momentum, and Return on Invested Capital for the company is -4.35. Return on Equity for this stock declined to -4.37, with Return on Assets sitting at -3.77. When it comes to the capital structure of this company, Cronos Group Inc. [CRON] has a Total Debt to Total Equity ratio set at 0.57. Additionally, CRON Total Debt to Total Capital is recorded at 0.57, with Total Debt to Total Assets ending up at 0.51. Long-Term Debt to Equity for the company is recorded at 0.50, with the Long-Term Debt to Total Capital now at 0.49.

Reflecting on the efficiency of the workforce at the company, Cronos Group Inc. [CRON] managed to generate an average of -$145,767 per employee. Receivables Turnover for the company is 2.29 with a Total Asset Turnover recorded at a value of 0.02.Cronos Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 5.60 and a Current Ratio set at 5.80.

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Insider trade positions for Cronos Group Inc. [CRON]

There are presently around $179 million, or 11.30% of CRON stock, in the hands of institutional investors. The top three institutional holders of CRON stocks are: ETF MANAGERS GROUP, LLC with ownership of 10,595,350, which is approximately -11.546% of the company’s market cap and around 47.23% of the total institutional ownership; CHESCAPMANAGER LLC, holding 8,327,090 shares of the stock with an approximate value of $32.14 million in CRON stocks shares; and VANGUARD GROUP INC, currently with $22.98 million in CRON stock with ownership of nearly 4.967% of the company’s market capitalization.

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 73 institutional holders increased their position in Cronos Group Inc. [NASDAQ:CRON] by around 3,121,467 shares. Additionally, 91 investors decreased positions by around 8,398,147 shares, while 94 investors held positions by with 34,876,281 shares. The mentioned changes placed institutional holdings at 46,395,895 shares, according to the latest SEC report filing. CRON stock had 23 new institutional investments in for a total of 548,934 shares, while 39 institutional investors sold positions of 1,342,988 shares during the same period.