Cronos Group Inc [NASDAQ: CRON] stock went on an upward path that rose over 3.26% on Monday, amounting to a one-week price increase of more than 3.83%.
Over the last 12 months, CRON stock dropped by -29.89%. The one-year Cronos Group Inc stock forecast points to a potential upside of 29.37. The average equity rating for CRON stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $732.30 million, with 382.53 million shares outstanding and 199.09 million shares in the current float. Compared to the average trading volume of 1.63M shares, CRON stock reached a trading volume of 2016851 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]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CRON shares is $2.69 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CRON stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Bernstein have made an estimate for Cronos Group Inc shares, keeping their opinion on the stock as Mkt Perform, with their previous recommendation back on November 02, 2022. The new note on the price target was released on July 28, 2022, representing the official price target for Cronos Group Inc stock.
The Average True Range (ATR) for Cronos Group Inc is set at 0.08, with the Price to Sales ratio for CRON stock in the period of the last 12 months amounting to 6.23. 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 2.23. Price to Free Cash Flow for CRON in the course of the last twelve months was 116.24 with Quick ratio for the last quarter at 18.17.
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 3.83. With this latest performance, CRON shares gained by 6.74% in over the last four-week period, additionally sinking by -9.95% over the last 6 months – not to mention a drop of -29.89% 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 59.08, with the RSI for the last a single of trading hit 64.27, and the three-weeks RSI is set at 55.45 for Cronos Group Inc [CRON]. The present Moving Average for the last 50 days of trading for this stock 1.8398, while it was recorded at 1.8680 for the last single week of trading, and 2.0525 for the last 200 days.
Insight into Cronos Group Inc Fundamentals:
Cronos Group Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 18.17 and a Current Ratio set at 18.84.
Cronos Group Inc [CRON] Institutonal Ownership Details
The top three institutional holders of CRON stocks are: CHESCAPMANAGER LLC with ownership of 7.95 million shares, which is approximately 2.0804%. VANGUARD GROUP INC, holding 7.18 million shares of the stock with an approximate value of $$16.72 million in CRON stocks shares; and VANGUARD GROUP INC, currently with $$11.22 million in CRON stock with ownership which is approximately 1.2603%.
