Future Outlook And Stock Price Performance For Cronos Group Inc (NASDAQ: CRON)

In the last trading session, 3.87 million shares of the Cronos Group Inc (NASDAQ:CRON) were traded, and its beta was 1.18. Most recently the company’s share price was $2.37, and it changed around -$0.04 or -1.66% from the last close, which brings the market valuation of the company to $903.68M. CRON currently trades at a discount to its 52-week high of $2.99, offering almost -26.16% off that amount. The share price’s 52-week low was $1.64, which indicates that the current value has risen by an impressive 30.8% since then. We note from Cronos Group Inc’s average daily trading volume that its 3-month average coming to 2.94 million.

Cronos Group Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.38. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended CRON as a Hold, whereas 0 deemed it a Buy, and 0 rated it as Underweight. Cronos Group Inc is expected to report earnings per share of $Cronos Group Inc. Common Share for the current quarter.

Cronos Group Inc (NASDAQ:CRON) trade information

Instantly CRON has showed a red trend with a performance of -1.66% at the end of last trading. The performance over the last five days has remained in the red territory. The company’s shares are currently up 13.40% year-to-date, but still down -5.58% over the last five days. On the other hand, Cronos Group Inc (NASDAQ:CRON) is 0.42% up in the 30-day period.

The consensus price target as assigned by Wall Street analysts is $4, which translates to bulls needing to increase their stock price by 40.75% from its current value. Analyst projections state that CRON is forecast to be at a low of $3.5 and a high of $4.5.

Cronos Group Inc (CRON) estimates and forecasts

Cronos Group Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 30.94 percent over the past six months and at a 90.00% annual growth rate that is well above the industry average of 10.20%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -9.06%. Cronos Group Inc earnings are expected to increase by 68.92% in 2024, but the outlook is positive 45.80% per year for the next five years.