Cronos Group Inc (CRON) Stock Forecast & Predictions

Cronos Group Inc CRON: $7.715

Suite 300, Toronto, Ontario, Canada. | Sector: Manufacturing | Exchange: NASDAQ/NMS (GLOBAL MARKET) | Web: https://thecronosgroup.com/

  • Market Cap$3.01B
  • Change (52 Weeks)39.68%
  • Low (52 Weeks)$4.62
  • Cronos Group Inc (CRON) Forecast Based on Technical Analysis


    Neutral
    Based on 9 Technical Indicators where 0.00% are on Buy, 33.33% on Sell, and 66.67% Neutral.

    According to the market data, Cronos Group Inc (CRON) stock price is $7.715 and the 52 weeks low is $4.62, which means the Cronos Group Inc stock price is up 39.68% in the last 12 months.

    Cronos Group Inc (CRON) Stock Price is not Trending currently as per the Weekly Chart, which means the price may range between specific high and low levels for the next few months, unless some significant changes take place in the market performance or news.

    Technical Indicators are algorithms that are used mostly by Technical traders to predict the price action of a stock.

    Based on our analysis of 9 technical indicators, 0.00% are indicating that CRON Stock price might rise further, 33.33% indicating that CRON Stock price might fall, and 66.67% are in a neutral position.

    Based on these technical algorithms, overall CRON stock price has a Neutral Signal, which means the stock price has the potential to move either up or down, depending on the nature of consolidating market phase, since majority of indicators are providing a neutral signal.

    Cronos Group Inc (CRON) Stock Forecast By Analysts


    On Hold
    Analysts Recommendations for Cronos Group Inc (CRON) is based on 20 Institutional Analyst Ratings where 10.00% are on Strong Buy, 0.00% on Moderate Buy, 45.00% remains on Hold, 20.00% are on Moderate Sell and 25.00% are on Strong Sell.

    Out of 20 Institutional Analysts, majority recommended CRON stock as On Hold. This means investors are recommended to hold their existing positions if any, otherwise, the recommendation is neither to buy nor sell at this stage. Since most investors and traders follow analyst ratings closely, this can be a potentially driving factor for the future stock price of Cronos Group Inc.

    Cronos Group Inc (CRON) Stock Forecast Based on News Sentiment


    Neutral
    Based on 1 articles published Last Week, where 50.00% are Bullish and 50.00% are Bearish.

    According to the news articles published last week, journalists and bloggers had a mixed sentiment of CRON consisting of positive and negative, it shows that Cronos Group Inc had a neutral news coverage.

    Neutral news coverage usually doesn't affect short-term price of a stock, so CRON stock price most likey won't have any reaction to last weeks news coverage.

    Cronos Group Inc (CRON) Stock Forecasts By Institutional Analysts


    Analyst
    Recommendation
    Action
    JefferiesOutperformUpgraded
    Raymond James FinancialOutperformUpgraded
    PI FinancialNeutralUpgraded
    CowenUpgraded
    JefferiesDowngraded
    PI FinancialNeutralDowngraded
    JefferiesDowngraded
    JefferiesDowngraded
    Stifel NicolausDowngraded
    PI FinancialNeutralDowngraded
    Piper SandlerNeutralDowngraded
    CowenDowngraded
    PI FinancialNeutralDowngraded
    Raymond James FinancialOutperformDowngraded
    Canaccord GenuitySellDowngraded
    MKM PartnersBuyDowngraded
    Stifel NicolausHoldDowngraded
    PI FinancialBuyInitiated
    JefferiesDowngraded
    Raymond James FinancialOutperformInitiated
    CIBC World MarketsDowngraded
    Canaccord GenuityDowngraded
    Bank of AmericaBuyMaintained
    Piper JaffrayOverweightMaintained
    JefferiesDowngraded
    CIBC World MarketsDowngraded
    BMO Capital MarketsMarket PerformUpgraded
    CowenDowngraded
    Piper JaffrayOverweightInitiated
    Canaccord GenuityHoldUpgraded
    Consumer EdgeEqual-WeightInitiated
    Stifel NicolausHoldInitiated
    Bank of AmericaBuyUpgraded
    JefferiesDowngraded
    Bank of AmericaUnderperformInitiated
    Cormark SecuritiesUpgraded
    Canaccord GenuitySellDowngraded
    PI FinancialNeutralDowngraded
    BMO CapitalUnderperformDowngraded
    Eight CapitalNeutralDowngraded
    Cowen & Co.Market PerformInitiated
    CowenMarket PerformInitiated
    JefferiesUnderperformInitiated
    GMP SecuritiesHoldDowngraded
    CIBC World MarketsOutperformInitiated
    CIBCOutperformInitiated
    GMP SecuritiesUpgraded
    Cormark SecuritiesUpgraded
    Canaccord GenuityUpgraded
    Canaccord GenuityUpgraded
    Canaccord GenuityHoldUpgraded

    Cronos Group Inc (CRON) Stock Earning Per Share (EPS) Forecast / Estimate


    $-0.086
    The average consensus EPS for CRON is $-0.086 with a high estimate of $-0.049 and Low of $-0.108 for the period 2021-06-30 and based on 8 Institutional Analysts.

    Last Quarter


    Actual
    Estimate
    Date
    $-0.31$-0.06994142020-12-31


    The latest average Earning Per Share Estimate for Cronos Group Inc is $-0.09, which is higher than CRON's last EPS, $-0.31. This means that Analysts are expecting Cronos Group Inc to report higher earnings. This can drive share prices higher since the investors have positive sentiment about market performance of Cronos Group Inc.

    Earning Per Share (EPS) History


    Actual
    Estimate
    Date
    $-0.31$-0.06994142020-12-31
    $0.19$-0.06122020-09-30
    $-0.31$-0.055082020-06-30
    $0.20989$-0.0513468000000000052020-03-31
    $0.15914$-0.03062019-12-31
    $1.61343$-0.0326196000000000062019-09-30
    $0.50094$-0.0194921999999999982019-06-30
    $1.18853$-0.0266220000000000032019-03-31
    $-0.03784$-0.0114036000000000022018-12-31
    $-0.03062$-0.0116792018-09-30
    $0$-0.00777240000000000052018-06-30
    $-0.00791$-0.0079562018-03-31
    $0$-0.00263162017-12-31
    $0$-0.00411062017-09-30
    $-0.0067$-0.00251942017-06-30
    $-0.00749$-0.00756842016-12-31

    What is Analyst Ratings & Price Targets?

    The analysts provide Buy, Sell or Hold ratings after extensive research of a companies financial reports, listening to conference calls and some of them even get in contact with upper management of the company to get an overall picture of operation.

    Although institutional Analyst’s are not always correct, their ratings are followed by millions of traders around the world and they can heavily influence trading activities for a company.

    As a retail investor, going through analyst ratings will instantly provide you an idea if the stock is worth buying. Top Analysts also provide their price targets. It’s a prediction of where the stock price might go based on their analysis.

    The best way to analyze price targets is to combined average price targets of major analysts. If the average price target is much higher than the current price of the stock, then the probability of a stock going up is also high.

    What is Technical Analysis?

    Technical Analysis refers to analyzing a stock's price over a period of time. In the financial market, past price patterns are one of the strongest indicators of an asset's future performance.

    In easier terms, millions of traders use Live Charts to watch the stock prices, it is actually a single source of truth for most traders. When a stock's price reaches a significant price level/pattern in the chart, millions of traders take buy/sell positions from those levels.

    As a regular investor, one of the easiest ways to check technical analysis of a stock is through Technical Indicators. Technical Indicators are programmed algorithms that monitor price changes in the Charts and indicate Buy/Sell based on market conditions.

    Some Technical Indicators can be very powerful (e.g SMA) and some can be pretty useless. Stock research tools like iTradely heavily simplify the technical analysis process for the investors by showing Buy/Sell/Neutral ratings combined from 17 powerful technical indicators, all in one page.

    What is Earnings Per Share (EPS) and Why is it Important?

    EPS, or Earning Per Share, can tell a lot about a stock’s performance. It’s calculated by dividing a company’s profit by the number of outstanding shares of its common stocks.

    In layman’s term, earnings is an indicator of a company’s profitability. Higher the earnings, the more profitable a company is.
    Some traders pick stocks solely based on EPS or earnings Analysis, it is a very powerful indicator of a stock’s price.

    Before you buy a stock, check the company’s earnings History and Surprises. A Surprise happens when a company reports a much higher or lower actual earnings/EPS than the forecasted earnings/EPS.

    If a company reports higher EPS surprises consistently, analysts keep raising their estimates, traders become more confident in the company, driving the share price higher.

    What is Stock Sentiment?

    Stock Sentiment refers to how people speculating about the stock or what kind of trading position investors are often taking.

    There are different kinds of sentiments you can find online for a company, this includes Investor Sentiment (Percentage of investors buying or selling), News Sentiment (Is the company getting positive or negative impressions from the Press?), Social Sentiment (The overall trends about the company in social media, is it negative or positive?).