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NASDAQ:CRONCronos Group Stock Price, Forecast & News

$6.17
+0.06 (+0.98 %)
(As of 07/3/2020 04:00 PM ET)
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Today's Range
$6.08
Now: $6.17
$6.24
50-Day Range
$4.94
MA: $6.39
$8.02
52-Week Range
$4.00
Now: $6.17
$15.85
Volume2.17 million shs
Average Volume5.67 million shs
Market Capitalization$2.15 billion
P/E Ratio6.71
Dividend YieldN/A
Beta1.89
Cronos Group Inc., formerly known as PharmaCan Capital Corp., is a principal investment firm. The firm seeks to invest in companies either licensed, or actively seeking a license, to produce medical marijuana pursuant to Canada's Marihuana for Medical Purposes Regulations “MMPR”. The firm typically invests in companies based in Canada. The firm is primarily an equity investor, may also advance debt as appropriate. It seeks to make minority investments with appropriate governance and shareholder rights. The firm seeks board representation consistent with the size of the investment, but does not need control. Cronos Group Inc. was incorporated in January, 2013 and is based in Toronto, Canada with an additional office in Toronto, Canada.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.2Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.54 out of 5 stars


Industry, Sector and Symbol

Industry Medicinals & botanicals
Sub-IndustryN/A
SectorMedical
Current SymbolNASDAQ:CRON
CUSIPN/A
CIKN/A
Phone416-504-0004

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$25.64 million
Cash Flow$0.74 per share
Book Value$5.01 per share

Profitability

Net Income$1.17 billion
Net Margins2,705.97%

Miscellaneous

Employees291
Market Cap$2.15 billion
Next Earnings Date8/13/2020 (Estimated)
OptionableOptionable

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Cronos Group (NASDAQ:CRON) Frequently Asked Questions

How has Cronos Group's stock been impacted by COVID-19 (Coronavirus)?

Cronos Group's stock was trading at $5.41 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CRON stock has increased by 14.0% and is now trading at $6.17. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Cronos Group?

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cronos Group in the last year. There are currently 1 sell rating, 5 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Cronos Group.

When is Cronos Group's next earnings date?

Cronos Group is scheduled to release its next quarterly earnings announcement on Thursday, August 13th 2020. View our earnings forecast for Cronos Group.

How were Cronos Group's earnings last quarter?

Cronos Group Inc (NASDAQ:CRON) announced its quarterly earnings results on Friday, May, 8th. The company reported $0.20 EPS for the quarter, beating the consensus estimate of ($0.07) by $0.27. The company had revenue of $8.40 million for the quarter, compared to analysts' expectations of $13.05 million. Cronos Group had a return on equity of 0.72% and a net margin of 2,705.97%. Cronos Group's revenue for the quarter was up 29.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.48 earnings per share. View Cronos Group's earnings history.

What price target have analysts set for CRON?

10 analysts have issued 1 year price objectives for Cronos Group's stock. Their forecasts range from $6.50 to $17.00. On average, they expect Cronos Group's share price to reach $10.22 in the next year. This suggests a possible upside of 65.7% from the stock's current price. View analysts' price targets for Cronos Group.

Has Cronos Group been receiving favorable news coverage?

Media coverage about CRON stock has been trending somewhat negative this week, InfoTrie Sentiment reports. InfoTrie identifies positive and negative media coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores closest to five being the most favorable. Cronos Group earned a media sentiment score of -1.0 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the company's share price in the next few days. View the latest news about Cronos Group.

Are investors shorting Cronos Group?

Cronos Group saw a increase in short interest in the month of June. As of June 15th, there was short interest totaling 48,490,000 shares, an increase of 6.4% from the May 31st total of 45,570,000 shares. Based on an average daily trading volume, of 6,450,000 shares, the days-to-cover ratio is presently 7.5 days. Currently, 27.5% of the shares of the company are short sold. View Cronos Group's Current Options Chain.

Who are some of Cronos Group's key competitors?

What other stocks do shareholders of Cronos Group own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Cronos Group investors own include Canopy Growth (CGC), Aurora Cannabis (ACB), Tilray (TLRY), Aphria (APHA), NVIDIA (NVDA), Dollar Tree (DLTR), Advanced Micro Devices (AMD), Micron Technology (MU), Alibaba Group (BABA) and OrganiGram (OGI).

Who are Cronos Group's key executives?

Cronos Group's management team includes the following people:
  • Mr. Michael Gorenstein, Chairman, Pres & CEO (Age 31)
  • Mr. David Hsu, Chief Operating Officer
  • Ms. Xiuming Shum, Gen. Counsel & Corp. Sec.
  • Mr. Jeffrey Jacobson, Head of Sales & Bus. Devel.
  • Mr. William Hilson, Chief Commercial Officer

What is Cronos Group's stock symbol?

Cronos Group trades on the NASDAQ under the ticker symbol "CRON."

How do I buy shares of Cronos Group?

Shares of CRON can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Cronos Group's stock price today?

One share of CRON stock can currently be purchased for approximately $6.17.

How big of a company is Cronos Group?

Cronos Group has a market capitalization of $2.15 billion and generates $25.64 million in revenue each year. The company earns $1.17 billion in net income (profit) each year or $0.67 on an earnings per share basis. Cronos Group employs 291 workers across the globe.

What is Cronos Group's official website?

The official website for Cronos Group is www.thecronosgroup.com.

How can I contact Cronos Group?

Cronos Group's mailing address is 720 KING STREET W SUITE 320, TORONTO A6, M5V 2T3. The company can be reached via phone at 416-504-0004.

This page was last updated on 7/4/2020 by MarketBeat.com Staff

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