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NASDAQ:CRON - Cronos Group Stock Price, Forecast & News

$6.29
-0.03 (-0.47 %)
(As of 03/29/2020 02:27 PM ET)
Today's Range
$6.11
Now: $6.29
$6.63
50-Day Range
$4.52
MA: $6.18
$7.34
52-Week Range
$4.00
Now: $6.29
$19.28
Volume6.32 million shs
Average Volume6.87 million shs
Market Capitalization$2.19 billion
P/E Ratio7.23
Dividend YieldN/A
Beta3.03
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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Cronos Group logo

Industry, Sector and Symbol

Industry Medicinals & botanicals
Sub-IndustryN/A
SectorFinance
Current SymbolNASDAQ:CRON
CUSIPN/A
CIKN/A
Phone212-590-9070

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$12.12 million
Book Value$0.91 per share

Profitability

Net Income$-14,640,000.00
Net Margins4,086.41%

Miscellaneous

Employees291
Market Cap$2.19 billion
Next Earnings DateN/A
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 COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CRON shares have increased by 16.3% and is now trading at $6.29. View which stocks have been mosted impacted by Coronavirus.

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

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

What price target have analysts set for CRON?

9 brokerages have issued twelve-month target prices for Cronos Group's stock. Their forecasts range from $8.00 to $26.00. On average, they expect Cronos Group's stock price to reach $14.71 in the next year. This suggests a possible upside of 133.9% from the stock's current price. View analysts' price targets for Cronos Group.

Has Cronos Group been receiving favorable news coverage?

Media stories about CRON stock have trended extremely negative on Sunday, according to InfoTrie Sentiment. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Cronos Group earned a media sentiment score of -4.0 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the next several days. View the latest news aboutCronos Group.

Are investors shorting Cronos Group?

Cronos Group saw a decrease in short interest in the month of March. As of March 13th, there was short interest totaling 57,198,900 shares, a decrease of 10.6% from the February 27th total of 63,950,000 shares. Based on an average daily trading volume, of 6,043,900 shares, the short-interest ratio is currently 9.5 days. Approximately 32.1% of the shares of the company are sold short. 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), Dollar Tree (DLTR), NVIDIA (NVDA), Aphria (APHA), Advanced Micro Devices (AMD), Micron Technology (MU), Alibaba Group (BABA) and KushCo (KSHB).

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."

Who are Cronos Group's major shareholders?

Cronos Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include Chescapmanager LLC (2.54%), Sumitomo Mitsui Trust Holdings Inc. (0.19%), Swiss National Bank (0.19%), Bank of America Corp DE (0.17%), UBS Asset Management Americas Inc. (0.16%) and Berylson Capital Partners LLC (0.16%).

Which major investors are selling Cronos Group stock?

CRON stock was sold by a variety of institutional investors in the last quarter, including Alberta Investment Management Corp, Swiss National Bank, Exane Derivatives, UBS Asset Management Americas Inc., Janus Henderson Group PLC, Public Sector Pension Investment Board, TD Asset Management Inc., and Creative Planning.

Which major investors are buying Cronos Group stock?

CRON stock was purchased by a variety of institutional investors in the last quarter, including Connor Clark & Lunn Investment Management Ltd., Connor Clark & Lunn Investment Management Ltd., Chescapmanager LLC, Berylson Capital Partners LLC, Virtu Financial LLC, Wedbush Securities Inc., Oxford Asset Management LLP, and BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp.

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 $6.29.

How big of a company is Cronos Group?

Cronos Group has a market capitalization of $2.19 billion and generates $12.12 million in revenue each year. The company earns $-14,640,000.00 in net income (profit) each year or ($0.08) on an earnings per share basis. Cronos Group employs 291 workers across the globe. View additional information about Cronos Group.

What is Cronos Group's official website?

The official website for Cronos Group is http://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 212-590-9070.


MarketBeat Community Rating for Cronos Group (NASDAQ CRON)

Community Ranking:  2.3 out of 5 (star star)
Outperform Votes:  424 (Vote Outperform)
Underperform Votes:  488 (Vote Underperform)
Total Votes:  912
MarketBeat's community ratings are surveys of what our community members think about Cronos Group and other stocks. Vote "Outperform" if you believe CRON will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CRON will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 3/29/2020 by MarketBeat.com Staff

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