Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
After finishing at $1.98 in the prior trading day, Cronos Group Inc (NASDAQ: CRON) closed at $1.92, down -3.03%. In other words, the price has decreased by -$3.03 from its previous closing price. On the day, 1.56 million shares were traded.
Ratios:
Our goal is to gain a better understanding of CRON by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 26.75 and its Current Ratio is at 27.80. 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 addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. 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:
As of this moment, Cronos’s Price-to-Earnings (P/E) ratio for their current fiscal year is 15.04, and their Forward P/E ratio for the next fiscal year is 32.13. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.94 while its Price-to-Book (P/B) ratio in mrq is 0.69.
Stock Price History:
Over the past 52 weeks, CRON has reached a high of $2.61, while it has fallen to a 52-week low of $1.60. The 50-Day Moving Average of the stock is 2.45%, while the 200-Day Moving Average is calculated to be -5.03%.
Shares Statistics:
A total of 385.41M shares are outstanding, with a floating share count of 199.05M. Insiders hold about 48.36% of the company’s shares, while institutions hold 12.74% stake in the company.
