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NASDAQ:CRONCronos Group Stock Price, Forecast & News

$6.74
+0.02 (+0.30 %)
(As of 05/28/2020 04:00 PM ET)
Add
Compare
Today's Range
$6.65
Now: $6.74
$7.17
50-Day Range
$4.84
MA: $5.86
$6.70
52-Week Range
$4.00
Now: $6.74
$17.86
Volume9.11 million shs
Average Volume7.22 million shs
Market Capitalization$2.35 billion
P/E Ratio7.33
Dividend YieldN/A
Beta1.91
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

Beat the Market (BTM) Rank

Analyst Opinion: 4.1Community Rank: 2.3Dividend Strength: 0.0Insider Behavior: 0.0Valuation: 1.3 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.53 out of 5 stars


Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$25.64 million
Cash Flow$0.75 per share
Book Value$4.92 per share

Profitability

Net Income$1.17 billion
Net Margins2,705.97%

Miscellaneous

Employees291
Market Cap$2.35 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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CRON shares have increased by 24.6% and is now trading at $6.74. View which stocks have been most impacted by Coronavirus.

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

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Cronos Group in the last year. There are currently 1 sell rating, 7 hold ratings and 3 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) released its earnings results on Friday, May, 8th. The company reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.27. The company had revenue of $8.40 million for the quarter, compared to analyst estimates of $13.05 million. Cronos Group had a return on equity of 0.72% and a net margin of 2,705.97%. The business's quarterly revenue was up 29.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.48 EPS. View Cronos Group's earnings history.

What price target have analysts set for CRON?

11 analysts have issued 1-year price objectives for Cronos Group's stock. Their forecasts range from $6.50 to $17.00. On average, they anticipate Cronos Group's share price to reach $9.44 in the next year. This suggests a possible upside of 40.1% from the stock's current price. View analysts' price targets for Cronos Group.

Has Cronos Group been receiving favorable news coverage?

Headlines about CRON stock have been trending very negative this week, InfoTrie Sentiment Analysis reports. The research firm scores the sentiment of media coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Cronos Group earned a news sentiment score of -3.8 on InfoTrie's scale. They also gave media stories about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the near term. View the latest news aboutCronos Group.

Are investors shorting Cronos Group?

Cronos Group saw a drop in short interest in the month of April. As of April 30th, there was short interest totaling 42,590,000 shares, a drop of 11.4% from the April 15th total of 48,060,000 shares. Based on an average daily trading volume, of 6,500,000 shares, the days-to-cover ratio is currently 6.6 days. Currently, 23.5% of the company's shares 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), 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."

Who are Cronos Group's major shareholders?

Cronos Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include ETF Managers Group LLC (2.24%), Morgan Stanley (0.38%), Swiss National Bank (0.21%), Legal & General Group Plc (0.19%), Public Sector Pension Investment Board (0.16%) and Polar Asset Management Partners Inc. (0.14%).

Which major investors are selling Cronos Group stock?

CRON stock was sold by a variety of institutional investors in the last quarter, including Morgan Stanley, Polar Asset Management Partners Inc., Morgan Stanley, Wedbush Securities Inc., Janney Montgomery Scott LLC, Cambridge Investment Research Advisors Inc., Janus Henderson Group PLC, and HighTower Advisors LLC.

Which major investors are buying Cronos Group stock?

CRON stock was acquired by a variety of institutional investors in the last quarter, including Advisor Group Holdings Inc., Legal & General Group Plc, Valinor Management L.P., Nomura Holdings Inc., Geode Capital Management LLC, ETF Managers Group LLC, Swiss National Bank, and APG Asset Management N.V..

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 $6.74.

How big of a company is Cronos Group?

Cronos Group has a market capitalization of $2.35 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 5/28/2020 by MarketBeat.com Staff

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