Cronos Group Inc (NASDAQ: CRON) on Tuesday, soared 14.72% from the previous trading day, before settling in for the closing price of $1.97. Within the past 52 weeks, CRON’s price has moved between $1.85 and $3.14.
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A company in the Healthcare sector has jumped its sales by 53.82% annually for the last half of the decade. The company achieved an average annual earnings per share of 51.85%. With a float of $200.31 million, this company’s outstanding shares have now reached $381.30 million.
In an organization with 356 employees, it is important to assess its efficiency. In terms of profitability, gross margin is 12.58%, operating margin of -44.07%, and the pretax margin is -57.06%.
Cronos Group Inc (CRON) Insider Updates
Observing investor behavior towards Drug Manufacturers – Specialty & Generic industry stocks is more important than anything else. The insider ownership of Cronos Group Inc is 47.60%, while institutional ownership is 12.41%.
Cronos Group Inc (CRON) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 51.85% 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
Cronos Group Inc (CRON) is currently performing well based on its current performance indicators. A quick ratio of 27.41 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 11.68. Likewise, its price to free cash flow for the trailing twelve months is 88.17.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.15, a number that is poised to hit 0.00 in the next quarter and is forecasted to reach 0.01 in one year’s time.
Technical Analysis of Cronos Group Inc (CRON)
Let’s dig in a bit further. During the last 5-days, its volume was 2.43 million. That was better than the volume of 1.94 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 35.07%. Additionally, its Average True Range was 0.11.
During the past 100 days, Cronos Group Inc’s (CRON) raw stochastic average was set at 55.56%, which indicates a significant decrease from 81.40% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 73.68% in the past 14 days, which was higher than the 47.10% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.1700, while its 200-day Moving Average is $2.3400. However, in the short run, Cronos Group Inc’s stock first resistance to watch stands at $2.3800. Second resistance stands at $2.5000. The third major resistance level sits at $2.6600. If the price goes on to break the first support level at $2.1000, it is likely to go to the next support level at $1.9400. Assuming the price breaks the second support level, the third support level stands at $1.8200.
Cronos Group Inc (NASDAQ: CRON) Key Stats
Market capitalization of the company is 1.19 billion based on 382,295K outstanding shares. Right now, sales total 87,240 K and income totals -73,960 K. The company made 27,760 K in profit during its latest quarter, and -8,760 K in sales during its previous quarter.
