Cronos Group Inc. (CRON) stock: EPS estimates for the current quarter

As of close of business last night, Cronos Group Inc.’s stock clocked out at $1.88, down -0.53% from its previous closing price of $1.89. In other words, the price has decreased by -$0.0100 from its previous closing price. On the day, 933527 shares were traded. CRON stock price reached its highest trading level at $1.9100 during the session, while it also had its lowest trading level at $1.8350.

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To gain a deeper understanding of CRON’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 29.90 and its Current Ratio is at 31.40. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.

Upgrades & Downgrades

Insider Transactions:

Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on May 19 when ADLER JASON MARC bought 100,000 shares for $1.89 per share. The transaction valued at 189,010 led to the insider holds 1,236,056 shares of the business.

ADLER JASON MARC bought 11,420 shares of CRON for $20,535 on May 18. The Director now owns 1,166,056 shares after completing the transaction at $1.80 per share. On May 17, another insider, ADLER JASON MARC, who serves as the Director of the company, bought 59,300 shares for $1.71 each. As a result, the insider paid 101,510 and bolstered with 1,158,062 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CRON now has a Market Capitalization of 654.44M and an Enterprise Value of -178.46M. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.88 while its Price-to-Book (P/B) ratio in mrq is 0.47. Its current Enterprise Value per Revenue stands at -2.05 whereas that against EBITDA is 1.86.

Stock Price History:

Over the past 52 weeks, CRON has reached a high of $3.62, while it has fallen to a 52-week low of $1.66. The 50-Day Moving Average of the stock is 1.8802, while the 200-Day Moving Average is calculated to be 2.5440.

Shares Statistics:

It appears that CRON traded 1.48M shares on average per day over the past three months and 1.18M shares per day over the past ten days. A total of 380.63M shares are outstanding, with a floating share count of 198.58M. Insiders hold about 46.85% of the company’s shares, while institutions hold 11.30% stake in the company. Shares short for CRON as of Apr 27, 2023 were 9.42M with a Short Ratio of 9.42M, compared to 8.43M on Mar 30, 2023. Therefore, it implies a Short% of Shares Outstanding of 2.47% and a Short% of Float of 4.72%.

Earnings Estimates

As of right now, 3 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.04 for the current quarter, with a high estimate of -$0.02 and a low estimate of -$0.05, while EPS last year was -$0.05. The consensus estimate for the next quarter is -$0.03, with high estimates of -$0.02 and low estimates of -$0.04.

Analysts are recommending an EPS of between -$0.08 and -$0.22 for the fiscal current year, implying an average EPS of -$0.15. EPS for the following year is -$0.11, with 5 analysts recommending between -$0.07 and -$0.15.

Revenue Estimates

In the current quarter, 4 analysts expect revenue to total $22.63M. It ranges from a high estimate of $24M to a low estimate of $20.74M. As of the current estimate, Cronos Group Inc.’s year-ago sales were $23.06M, an estimated decrease of -1.90% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $24.59M, a decrease of -0.40% over than the figure of -$1.90% in the same quarter last year. There is a high estimate of $27M for the next quarter, whereas the lowest estimate is $22.86M.

A total of 8 analysts have provided revenue estimates for CRON’s current fiscal year. The highest revenue estimate was $128M, while the lowest revenue estimate was $89M, resulting in an average revenue estimate of $100.59M. In the same quarter a year ago, actual revenue was $91.9M, up 9.50% from the average estimate. Based on 6 analysts’ estimates, the company’s revenue will be $133.05M in the next fiscal year. The high estimate is $186M and the low estimate is $104.42M. The average revenue growth estimate for next year is up 32.30% from the average revenue estimate for this year.