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The closing price of Cronos Group Inc (NASDAQ: CRON) was $2.36 for the day, down -0.42% from the previous closing price of $2.37. In other words, the price has decreased by $-0.42 from its previous closing price. On the day, 5.98 million shares were traded. CRON stock price reached its highest trading level at $2.375 during the session, while it also had its lowest trading level at $2.17.
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:
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 899865600 and an Enterprise Value of 41256280. For the stock, the TTM Price-to-Sale (P/S) ratio is 10.24 while its Price-to-Book (P/B) ratio in mrq is 0.82. Its current Enterprise Value per Revenue stands at 0.473 whereas that against EBITDA is -0.569.
Stock Price History:
The Beta on a monthly basis for CRON is 1.18, which has changed by 0.31666672 over the last 52 weeks, in comparison to a change of 0.2006725 over the same period for the S&P500. 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. The 50-Day Moving Average of the stock is 1.83%, while the 200-Day Moving Average is calculated to be 14.83%.
Shares Statistics:
CRON traded an average of 2.97M shares per day over the past three months and 3344820 shares per day over the past ten days. A total of 381.30M shares are outstanding, with a floating share count of 198.88M. Insiders hold about 47.84% of the company’s shares, while institutions hold 12.35% stake in the company. Shares short for CRON as of 1711584000 were 5553438 with a Short Ratio of 1.87, compared to 1709164800 on 6477013. Therefore, it implies a Short% of Shares Outstanding of 5553438 and a Short% of Float of 2.77.
Earnings Estimates
The stock of Cronos Group Inc (CRON) is currently in the spotlight, with Crocs, Inc. analysts actively rating and assessing its market standing.The consensus estimate for the next quarter is $2.36, with high estimates of $0.05 and low estimates of $0.13.
