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The price of Cronos Group Inc (NASDAQ: CRON) closed at $2.65 in the last session, down -0.75% from day before closing price of $2.67. In other words, the price has decreased by -$0.75 from its previous closing price. On the day, 1.41 million shares were traded. CRON stock price reached its highest trading level at $2.6854 during the session, while it also had its lowest trading level at $2.64.
Ratios:
We take a closer look at CRON’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 21.28 and its Current Ratio is at 22.45. In the meantime, Its Debt-to-Equity ratio is 0.00 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
In the most recent recommendation for this company, Bernstein on November 02, 2022, initiated with a Mkt Perform rating and assigned the stock a target price of $3.
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 1014713792 and an Enterprise Value of 241784160. As of this moment, Cronos’s Price-to-Earnings (P/E) ratio for their current fiscal year is 28.40, and their Forward P/E ratio for the next fiscal year is 34.15. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.67 while its Price-to-Book (P/B) ratio in mrq is 0.94. Its current Enterprise Value per Revenue stands at 1.827 whereas that against EBITDA is -17.747.
Stock Price History:
The Beta on a monthly basis for CRON is 0.81, which has changed by 0.34848487 over the last 52 weeks, in comparison to a change of 0.1877265 over the same period for the S&P500. Over the past 52 weeks, CRON has reached a high of $3.43, while it has fallen to a 52-week low of $1.60. The 50-Day Moving Average of the stock is 1.52%, while the 200-Day Moving Average is calculated to be 16.21%.
Shares Statistics:
According to the various share statistics, CRON traded on average about 2.27M shares per day over the past 3-months and 1701660 shares per day over the past 10 days. A total of 382.89M shares are outstanding, with a floating share count of 198.06M. Insiders hold about 48.27% of the company’s shares, while institutions hold 14.60% stake in the company. Shares short for CRON as of 1765756800 were 4377103 with a Short Ratio of 1.93, compared to 1763078400 on 3309639. Therefore, it implies a Short% of Shares Outstanding of 4377103 and a Short% of Float of 2.21.
Earnings Estimates
The stock of Cronos Group Inc (CRON) is currently drawing attention from 1.0 analysts actively involved in the ongoing evaluation and rating process.The consensus estimate for the next quarter is $0.03, with high estimates of $0.03 and low estimates of $0.03.
Analysts are recommending an EPS of between $0.07 and -$0.01 for the fiscal current year, implying an average EPS of $0.03. EPS for the following year is $0.11, with 2.0 analysts recommending between $0.11 and $0.11.
Revenue Estimates
According to 1 analysts, . The current quarter’s revenue is expected to be $56.75M. It ranges from a high estimate of $56.75M to a low estimate of $56.75M. As of . The current estimate, Cronos Group Inc’s year-ago sales were $43.72MFor the next quarter, 1 analysts are estimating revenue of $65.47M. There is a high estimate of $65.47M for the next quarter, whereas the lowest estimate is $65.47M.
A total of 2 analysts have provided revenue estimates for CRON’s current fiscal year. The highest revenue estimate was $197.93M, while the lowest revenue estimate was $180.94M, resulting in an average revenue estimate of $189.43M. In the same quarter a year ago, actual revenue was $169.71MBased on 2 analysts’ estimates, the company’s revenue will be $247.74M in the next fiscal year. The high estimate is $297.58M and the low estimate is $197.9M.
