For those desiring to outshine the market, the strategic selection of individual stocks is paramount. Well-chosen stocks have the potential to substantially boost your wealth.
As of close of business last night, Cronos Group Inc’s stock clocked out at $2.68, up 0.75% from its previous closing price of $2.66. In other words, the price has increased by $0.75 from its previous closing price. On the day, 2.52 million shares were traded. CRON stock price reached its highest trading level at $2.765 during the session, while it also had its lowest trading level at $2.64.
Ratios:
To gain a deeper understanding of CRON’s stock, we examine its different ratios. 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:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. 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 1023789504 and an Enterprise Value of 159458928. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.63 while its Price-to-Book (P/B) ratio in mrq is 0.93. Its current Enterprise Value per Revenue stands at 1.828 whereas that against EBITDA is -2.201.
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. The 50-Day Moving Average of the stock is 12.12%, while the 200-Day Moving Average is calculated to be 28.65%.
Shares Statistics:
It appears that CRON traded 3.29M shares on average per day over the past three months and 4277740 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 12.36% stake in the company. Shares short for CRON as of 1713139200 were 5621086 with a Short Ratio of 1.71, compared to 1710460800 on 6437557. Therefore, it implies a Short% of Shares Outstanding of 5621086 and a Short% of Float of 2.8099999.
