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.
The closing price of Cronos Group Inc (NASDAQ: CRON) was $2.01 for the day, up 0.50% from the previous closing price of $2.00. In other words, the price has increased by $0.50 from its previous closing price. On the day, 0.75 million shares were traded. CRON stock price reached its highest trading level at $2.035 during the session, while it also had its lowest trading level at $1.995.
Ratios:
Our analysis of CRON’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 0.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 41.58. For the most recent quarter (mrq), Quick Ratio is recorded 23.05 and its Current Ratio is at 24.24. 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 768412992 and an Enterprise Value of -20168826. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.91 while its Price-to-Book (P/B) ratio in mrq is 0.71. Its current Enterprise Value per Revenue stands at -0.198 whereas that against EBITDA is 0.328.
Stock Price History:
Over the past 52 weeks, CRON has reached a high of $3.14, while it has fallen to a 52-week low of $1.86. The 50-Day Moving Average of the stock is -2.99%, while the 200-Day Moving Average is calculated to be -13.51%.
Shares Statistics:
CRON traded an average of 1.11M shares per day over the past three months and 1462130 shares per day over the past ten days. A total of 382.29M shares are outstanding, with a floating share count of 200.22M. Insiders hold about 47.63% of the company’s shares, while institutions hold 12.03% stake in the company. Shares short for CRON as of 1730332800 were 3902476 with a Short Ratio of 4.42, compared to 1727654400 on 4984032. Therefore, it implies a Short% of Shares Outstanding of 3902476 and a Short% of Float of 1.95.
