Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
In the latest session, Cronos Group Inc (NASDAQ: CRON) closed at $2.56 up 5.79% from its previous closing price of $2.42. In other words, the price has increased by $5.79 from its previous closing price. On the day, 2.8 million shares were traded. CRON stock price reached its highest trading level at $2.56 during the session, while it also had its lowest trading level at $2.405.
Ratios:
For a deeper understanding of Cronos Group Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 23.53 and its Current Ratio is at 24.65. 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:
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 980326400 and an Enterprise Value of 195836352. As of this moment, Cronos’s Price-to-Earnings (P/E) ratio for their current fiscal year is 53.89. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.52 while its Price-to-Book (P/B) ratio in mrq is 0.91. Its current Enterprise Value per Revenue stands at 1.503 whereas that against EBITDA is -9.422.
Stock Price History:
The Beta on a monthly basis for CRON is 1.10, which has changed by 0.09401715 over the last 52 weeks, in comparison to a change of 0.13054323 over the same period for the S&P500. Over the past 52 weeks, CRON has reached a high of $2.77, while it has fallen to a 52-week low of $1.60. The 50-Day Moving Average of the stock is 21.57%, while the 200-Day Moving Average is calculated to be 28.87%.
Shares Statistics:
For the past three months, CRON has traded an average of 1.96M shares per day and 4732490 over the past ten days. A total of 383.81M shares are outstanding, with a floating share count of 197.90M. Insiders hold about 48.36% of the company’s shares, while institutions hold 13.56% stake in the company. Shares short for CRON as of 1753920000 were 2560447 with a Short Ratio of 1.31, compared to 1751241600 on 2846380. Therefore, it implies a Short% of Shares Outstanding of 2560447 and a Short% of Float of 1.28.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
Earnings Estimates
Cronos Group Inc (CRON) is currently under the scrutiny of 1.0 analysts, each contributing to the ongoing evaluation of its stock.The consensus estimate for the next quarter is $0.0, with high estimates of $0.0 and low estimates of $0.0.
Analysts are recommending an EPS of between $0.07 and -$0.11 for the fiscal current year, implying an average EPS of -$0.01. EPS for the following year is $0.1, with 2.0 analysts recommending between $0.11 and $0.08.
Revenue Estimates
A total of 1 analysts believe the company’s revenue will be $51.31M this quarter.It ranges from a high estimate of $51.31M to a low estimate of $51.31M. As of the current estimate, Cronos Group Inc’s year-ago sales were $47.69MFor the next quarter, 1 analysts are estimating revenue of $61.5M. There is a high estimate of $61.5M for the next quarter, whereas the lowest estimate is $61.5M.
A total of 3 analysts have provided revenue estimates for CRON’s current fiscal year. The highest revenue estimate was $203.2M, while the lowest revenue estimate was $176.1M, resulting in an average revenue estimate of $192.91M. In the same quarter a year ago, actual revenue was $169.71MBased on 2 analysts’ estimates, the company’s revenue will be $248.05M in the next fiscal year. The high estimate is $303.49M and the low estimate is $192.6M.
