The 12-month median price target for Cronos Group Inc. (CRON) assigned by the analysts stands at $17, which represents a return potential of 24.36 percent when compared to the closing price of the stock of $13.67 on Friday, January 11. The lowest price target for the stock is $16 — slightly more than 17.04 percent from CRON’s current share price. The stock will probably climb -100 percent over the next 12 months, according to price target estimates compiled by finviz. Meanwhile, they have set a $24-month high price target. This represents a whopping 75.57 percent increase from where shares are trading today.
On momentum oscillators front, ‘RSI’ has touched 75.38 on daily chart, which may remain a cause for concern. If the price breaks below $12.42 level on closing basis, then we may see more profit booking and the stock may show further weakness. On the flipside, hitting the $14.14 mark may result into a pull-back move towards $14.62 level. The stock is currently hovering around the first support level of $13.04. Below this, the next support is placed in the zone of $12.42. Till the time, the CRON stock trades above this level, bulls have nothing to fear.
Shares of Cronos Group Inc. (CRON) are trading at a P/E ratio of 0 times earnings reported for the past 12 months. The industry CRON operates in has an average P/E of 29.45. Its P/E ratio went as low as 0X and as high as 0 over the 5-year span. Further, it is sporting a 277.53 on the Price-to-Sales ratio. Compare this with the industry average P/S of 19.89. 0 percent is the gross profit margin for Cronos Group Inc. and operating margin sits at 0 percent. Along with this, the net profit margin is 0 percent.
On 11th of January, Cronos Group Inc. (NASDAQ:CRON) shares ended higher after a volatile session. The shares accumulated 0.61 points or 4.67 percent at $13.67 with a light trade volume of 10.365 million shares. After opening the session at $13.04, the shares went as high as $13.99 and as low as $12.89, the range within which the stock’s price traded throughout the day. The firm is left with a market cap of $2.44 billion and now has 178.71 million shares outstanding. Cronos Group Inc. (CRON) stock has gained 6.63 percent of market value in 21 trading days.
CRON stock has a trailing 3-year beta of 0, offering the possibility of a lower rate of return, but also posing less risk. The portion of a company’s profit allocated to each outstanding share of common stock was -$0.03 a share in the trailing twelve months. The stock’s value has surged 31.57 percent year to date (YTD) against a rise of 28.36 percent in 12 month’s time. The company’s shares still trade -10.65 percent away from its 1-year high of $15.30 and 187.79 percent up from 52-week low of $4.75. The average consensus rating on the company is 0, on a scale where 5 equates to a unanimous sell rating. In short, the mean analyst recommendations are calling this stock a buy.