Cronos Group Inc. (NASDAQ:CRON) has a beta value of 1.91 and has seen 1,182,663 shares traded in the recent trading session. The company, currently valued at $2.18 Billion, closed the recent trade at $6.18 per share which meant it lost $0 on the day or -0.96% during that session. The CRON stock price is -153.88% off its 52-week high price of $15.69 and 35.28% above the 52-week low of $4. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.51 Million shares traded. The 3-month trading volume is 5.85 Million shares.
The consensus among analysts is that Cronos Group Inc. (CRON) is a Hold stock at the moment, with a recommendation rating of 0. 2 analysts rate the stock as a Sell, while 2 rate it as Overweight. 8 out of 14 have rated it as a Hold, with 2 advising it as a Buy. None have rated the stock as Underweight.
Cronos Group Inc. (NASDAQ:CRON) trade information
Despite being -1.44% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Monday, Jul 13 when the CRON stock price touched $6.70-7 or saw a rise of 7.17%. Year-to-date, Cronos Group Inc. shares have moved -18.97%, while the 5-day performance has seen it change -0.88%. Over the past 30 days, the shares of Cronos Group Inc. (NASDAQ:CRON) have changed -3.94%. Short interest in the company has seen 45.72 Million shares shorted with days to cover at 7.82.
Wall Street analysts have a consensus price target for the stock at $6.08, which means that the shares’ value could jump -1.62% from current levels. The projected low price target is $4.28 while the price target rests at a high of $8. In that case, then, we find that the current price level is +29.45% off the targeted high while a plunge would see the stock lose -30.74% from current levels.
Cronos Group Inc. (CRON) estimates and forecasts
Over the next 5 years, the company’s earnings are expected to increase by 0%.
Cronos Group Inc. (NASDAQ:CRON)’s Major holders
Insiders own 45.43% of the company shares, while shares held by institutions stand at 17.5% with a share float percentage of 32.07%. Investors are also buoyed by the number of investors in a company, with Cronos Group Inc. having a total of 350 institutions that hold shares in the company. The top two institutional holders are Vanguard Group, Inc. (The) with over 10.12 Million shares worth more than $57.38 Million. As of March 30, 2020, Vanguard Group, Inc. (The) held 2.9% of shares outstanding.
The other major institutional holder is Chescapmanager LLC, with the holding of over 8.87 Million shares as of March 30, 2020. The firm’s total holdings are worth over $50.31 Million and represent 2.54% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are ETF Managers Tr-EFTMG Alternative Harvest ETF and Vanguard International Stock Index-Total Intl Stock Indx. As of March 30, 2020, the former fund manager holds about 2.23% shares in the company for having 7796635 shares of worth $44.21 Million while later fund manager owns 5.94 Million shares of worth $35.3 Million as of April 29, 2020, which makes it owner of about 1.7% of company’s outstanding stock.