The closing price of Cronos Group Inc (NASDAQ: CRON) was $2.51 for the day, down -1.18% from the previous closing price of $2.54. On the day, 2658842 shares were traded.
Ratios:
Our analysis of CRON’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 21.81 and its Current Ratio is at 22.54. 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.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on May 30 ’23 when ADLER JASON MARC bought 37,500 shares for $1.74 per share. The transaction valued at 65,074 led to the insider holds 1,402,304 shares of the business.
ADLER JASON MARC bought 100,000 shares of CRON for $179,650 on May 25 ’23. The Director now owns 1,376,054 shares after completing the transaction at $1.80 per share. On May 23 ’23, another insider, ADLER JASON MARC, who serves as the Director of the company, bought 100,000 shares for $1.90 each. As a result, the insider paid 190,220 and bolstered with 1,306,055 shares of the company.
Valuation Measures:
For the stock, the TTM Price-to-Sale (P/S) ratio is 10.89 while its Price-to-Book (P/B) ratio in mrq is 0.87.
Stock Price History:
Over the past 52 weeks, CRON has reached a high of $2.99, while it has fallen to a 52-week low of $1.64.
Shares Statistics:
A total of 381.30M shares are outstanding, with a floating share count of 198.90M. Insiders hold about 47.84% of the company’s shares, while institutions hold 12.37% stake in the company.
Earnings Estimates
The firm’s stock currently is rated by Cronos Group Inc. Common Share analysts. The consensus estimate for the next quarter is $125.54, with high estimates of $0.14 and low estimates of $1.13.
EPS for the following year is $Stocks, with Stocks analysts recommending between $CRYPTOCURRENCY and $Stocks.
