In the latest trading session,, 0.81 million Cronos Group Inc (NASDAQ:CRON) shares changed hands as the company’s beta touched 1.18. With the company’s most recent per share price at $2.52 changing hands around $0.01 or 0.40% at last look, the market valuation stands at $960.88M. CRON’s current price is a discount, trading about -18.65% off its 52-week high of $2.99. The share price had its 52-week low at $1.64, which suggests the last value was 34.92% up since then. When we look at Cronos Group Inc’s average trading volume, we note the 3-month average coming to 2.91 million.
Cronos Group Inc (NASDAQ:CRON) trade information
Instantly CRON is in green as seen in intraday trades today. With action -6.67%, the performance over the past five days has been red. The jump to weekly highs of 2.74 added 0.40% to the stock’s daily price. The company’s shares are showing year-to-date upside of 20.57%, with the 5-day performance at -6.67% in the red. However, in the 30-day time frame, Cronos Group Inc (NASDAQ:CRON) is 27.27% up. Looking at the short shares, we see there were N/A shares sold at short interest cover period of N/A days.
Cronos Group Inc (CRON) estimates and forecasts
Data shows that the Cronos Group Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot 34.76% over the past 6 months, a 90.00% in annual growth rate that is considerably higher than the industry average of 9.40%. Moreover, analysts have looked to higher expectations by upgrading its fiscal year 2024 revenue estimates. The rating firms predict current quarter revenue for Cronos Group Inc will rise 80.00%, while the growth in revenue is estimated to hit 0.00% for the next quarter. Year-over-year growth is forecast to reach 15.70% up from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of $23.78 million. 3 analysts are of the opinion that Cronos Group Inc’s revenue for the quarter ending Jun 2024 will be $24.5 million. The company’s revenue for the corresponding quarters a year ago was $20.14 million and $19.02 million respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 18.10%. The estimates for the next quarter sales put growth at 28.80%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -9.06%. The 2024 estimates are for Cronos Group Inc earnings to increase by 68.92%, but the outlook for the next 5-year period is at 45.80% per year.
