In today’s recent session, 2,858,399 shares of the Cronos Group Inc.(NASDAQ:CRON) have been traded, and its beta is 0. Most recently the company’s share price was $11.93, and it changed around -$0.37 or -0.03% from the last close, which brings the market valuation of the company to $4.23 Billion. CRON at last check was trading at a discount to its 52-week high of $15.83, offering almost -32.69% off that amount. The share price’s 52-week low was $4, which indicates that the recent value has risen by an impressive 66.47% since then. We note from Cronos Group Inc.’s average daily trading volume that its 10-day average is 10.27 Million shares, with the 3-month average coming to 6.9 Million.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Cronos Group Inc. stock received a consensus recommendation rating of Hold, based on a mean score of 0. If we narrow it down even further, the data shows that 3 out of 13 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 8 recommended CRON as a Hold, whereas 1 deemed it a Buy, and no one rated it as Underweight.

Cronos Group Inc. (NASDAQ:CRON): Trading Information Today

Although CRON has been showing red trend so far today with a performance of -2.97% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of $13.47 on Tuesday, Feb 16 increased the stock’s daily price by 11.84%. The company’s shares are currently up 0.71% year-to-date, but still down -0.0321 over the last five days. On the other hand, Cronos Group Inc. (NASDAQ:CRON) is 0.12% up in the 30-day period. We can see from the shorts that 26.09 Million shares have been sold at a short interest cover period of 3.78 day(s).

The consensus price target as assigned by Wall Street analysts is $6.88, which translates to bears needing to reduce their stock price by -42.33% from its current value. Analyst projections state that CRON is forecast to be at a low of $3.8 and a high of $12.5. In order for the stock price to hit the forecast high, the stock would need to surge +4.78% from its current level, while the stock would need to crash -68.15% from its current level to reach the projected low.

Cronos Group Inc. (CRON) projections and forecasts

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of 0%. Cronos Group Inc. earnings are expected to decrease by 0% in 2021, but the outlook is negative 0% per year for the next five years.

Cronos Group Inc. (NASDAQ:CRON)’s Biggest Investors

Upon looking at major shareholders, it appears that insiders hold 49.22% of Cronos Group Inc. shares, and 14.6% of them are in the hands of institutional investors. The stock currently has a share float of 28.76%. Cronos Group Inc. stock is held by 320 institutions, with Chescapmanager LLC being the largest institutional investor. By Sep 29, 2020, it held 2.46% of the shares, which is about 8.87 Million shares worth $44.46 Million.

ETF Managers Group, LLC, with 2.03% or 7.32 Million shares worth $36.68 Million as of Sep 29, 2020, holds the second largest percentage of outstanding shares.


A Backdoor Way To Profit From Today’s Crypto Bull Market

Even if you’re not actively in crypto, you deserve to know what’s actually going on...

Because while leading assets such as Bitcoin (BTC) and Ethereum (ETH) are climbing in value, a select group of public “crypto stocks” are surging right along with them. More importantly, these stocks are outpacing the returns these leading crypto assets aren already producing.

Click here to get the full story… along with our long list of backdoor Bitcoin strategies. It’s free.

Sponsored


Get the hottest stocks to trade every day before the market opens 100% free. Click here now.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

LEAVE A REPLY

Please enter your comment!
Please enter your name here