A new trading day began on Monday, with Cronos Group Inc (NASDAQ: CRON) stock price down -2.79% from the previous day of trading, before settling in for the closing price of $2.51. CRON’s price has ranged from $1.64 to $2.99 over the past 52 weeks.
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During the last 5-year period, the sales growth of Healthcare Sector giant was 53.82%. Meanwhile, its annual earnings per share averaged 68.92%. With a float of $198.88 million, this company’s outstanding shares have now reached $381.30 million.
Let’s determine the extent of company efficiency that accounts for 356 employees.
Cronos Group Inc (CRON) Breakdown of a Key Holders of the stock
As we move forward, let’s examine how large-scale investors are investing in this stock of the Drug Manufacturers – Specialty & Generic Industry. The insider ownership of Cronos Group Inc is 47.84%, while institutional ownership is 12.37%. The most recent insider transaction that took place on May 30 ’23, was worth 65,074. In this transaction Director of this company bought 37,500 shares at a rate of $1.74, taking the stock ownership to the 1,402,304 shares. Before that another transaction happened on May 25 ’23, when Company’s Director bought 100,000 for $1.80, making the entire transaction worth $179,650. This insider now owns 1,376,054 shares in total.
Cronos Group Inc (CRON) Recent Fiscal highlights
Wall Street market experts anticipate that the next fiscal year will bring earnings of 123.36 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 68.92% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 45.80% during the next five years compared to -9.06% drop over the previous five years of trading.
Cronos Group Inc (NASDAQ: CRON) Trading Performance Indicators
Here are Cronos Group Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 21.81. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 10.59.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.19, a number that is poised to hit -0.01 in the next quarter and is forecasted to reach -0.02 in one year’s time.
Technical Analysis of Cronos Group Inc (CRON)
Looking closely at Cronos Group Inc (NASDAQ: CRON), its last 5-days average volume was 3.35 million, which is a jump from its year-to-date volume of 2.88 million. As of the previous 9 days, the stock’s Stochastic %D was 8.66%. Additionally, its Average True Range was 0.16.
During the past 100 days, Cronos Group Inc’s (CRON) raw stochastic average was set at 51.75%, which indicates a significant increase from 8.33% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 55.79% in the past 14 days, which was higher than the 51.63% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.29, while its 200-day Moving Average is $2.05. However, in the short run, Cronos Group Inc’s stock first resistance to watch stands at $2.55. Second resistance stands at $2.66. The third major resistance level sits at $2.74. If the price goes on to break the first support level at $2.36, it is likely to go to the next support level at $2.28. Now, if the price goes above the second support level, the third support stands at $2.17.
Cronos Group Inc (NASDAQ: CRON) Key Stats
With a market capitalization of 930.37 million, the company has a total of 381,299K Shares Outstanding. Currently, annual sales are 87,240 K while annual income is -73,960 K. The company’s previous quarter sales were 23,270 K while its latest quarter income was -44,790 K.
