Is Cronos a high-risk bet for long-term investors?
Here's why Cronos stock remains a high-risk bet for long-term investors right now. The post Cronos Stock Price: 52-Week Lows Continue for This Cannabis Stock appeared first on The Motley Fool Canada.
What is the upside for Cronos Group's stock?
Their forecasts range from $3.24 to $5.50. On average, they anticipate Cronos Group's stock price to reach $4.41 in the next twelve months. This suggests a possible upside of 32.3% from the stock's current price.
What are analysts'target prices for Cronos Group's stock?
13 analysts have issued 1 year target prices for Cronos Group's stock. Their forecasts range from $12.00 to $30.00. On average, they anticipate Cronos Group's share price to reach $19.80 in the next twelve months.
Does Cronos pay a dividend or buy back shares?
Cronos neither pays a dividend nor buys back shares, which makes sense for its current growth stage. Cronos Group, headquartered in Toronto, Canada cultivates and sells medicinal and recreational cannabis through its medicinal brand, Peace Naturals, and its two recreational brands, Cove and Spinach.
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Is CRON a good stock to buy now?
The financial health and growth prospects of CRON, demonstrate its potential to underperform the market. It currently has a Growth Score of F. Recent price changes and earnings estimate revisions indicate this would be a good stock for momentum investors with a Momentum Score of B.
Does Cronos Group pay dividends?
Does Cronos Group pay a dividend? Does it plan to? The Company does not pay a dividend.
What does Cronos Group do?
Cronos Group is an innovative global cannabinoid company committed to building disruptive intellectual property by advancing cannabis research, technology and product development. With a passion to responsibly elevate the consumer experience, Cronos Group is building an iconic brand portfolio.
What does Cronos Group sell?
The company offers consumers a variety of cannabidiol (CBD), dried cannabis, vape, oils, and cannabis infused wellness products.
Will Cronos stock go up?
Stock Price Forecast The 10 analysts offering 12-month price forecasts for Cronos Group Inc have a median target of 3.49, with a high estimate of 8.45 and a low estimate of 2.96. The median estimate represents a +21.55% increase from the last price of 2.87.
Who owns the Cronos Group?
AltriaSummary. Altria owns 42% of Cronos Group. Its warrants to take a majority stake are way out of the money and approaching expiration in early 2023. Cronos Group has an enterprise value of just $900 million and would not have a material impact on Altria's financials.
Is Cronos a sell?
Cronos Group has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on 2 buy ratings, 4 hold ratings, and 2 sell ratings.
How big is Cronos?
1600 feet tallHe was also the only Titan brave enough to stand up to his father Ouranos, dismember him, and become the new ruler of the world. Standing at 1600 feet tall, Cronos is easily the largest titan in the God of War series.
Is Cronos Group a good company?
The Cronos Group is a great place to work! My job is very rewarding and I have learned so much in the short 5 months I have been here. This is a place for smart people who like to work hard and have fun. There are opportunities to learn different skills all the time, learning never stops as this industry evolves.
Is Cronos a good buy 2021?
There's potential for Cronos stock to soar if its cultivated products prove to be the difference-makers that management expects them to be. But for now, this pot stock remains an ultra-risky buy.
Is Cronos a good long term investment?
Is Cronos a good investment? It might be. Cronos (CRO) certainly performed well over the course of 2021, increasing 1,400% from January to November 2021, and it is still trading above its yearly averages from 2018, 2019 and 2020.
What is Cronos Crypto?
Cronos is a utility token for the Crypto.com platform. Users can get fee discounts by paying with CRO and also stake the tokens to qualify for benefits. These include higher interest rates on deposits and better benefits on the Crypto.com prepaid debit cards. The more CRO staked, the better the rewards.
Should I buy or sell Cronos Group stock right now?
8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Cronos Group in the last year. There are currently 2 sel...
What is Cronos Group's stock price forecast for 2022?
8 Wall Street analysts have issued twelve-month target prices for Cronos Group's stock. Their forecasts range from $3.00 to $6.00. On average, they...
How has Cronos Group's stock price performed in 2022?
Cronos Group's stock was trading at $3.92 on January 1st, 2022. Since then, CRON shares have decreased by 30.4% and is now trading at $2.73. View...
When is Cronos Group's next earnings date?
Cronos Group is scheduled to release its next quarterly earnings announcement on Friday, August 5th 2022. View our earnings forecast for Cronos Gr...
How were Cronos Group's earnings last quarter?
Cronos Group Inc. (NASDAQ:CRON) posted its earnings results on Tuesday, May, 10th. The company reported ($0.09) EPS for the quarter, missing analys...
Who are Cronos Group's key executives?
Cronos Group's management team includes the following people: Mr. Michael Ryan Gorenstein J.D. , Pres, CEO & Chairman (Age 35, Pay $389.15k) ( L...
Who are some of Cronos Group's key competitors?
Some companies that are related to Cronos Group include Tilray (TLRY) , Canopy Growth (CGC) , USANA Health Sciences (USNA) , Cresco Labs (CRLBF...
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 (CGC) , Aurora Cannab...
What is Cronos Group's stock symbol?
Cronos Group trades on the NASDAQ under the ticker symbol "CRON."
How much does Cronos Group make?
Is Cronos Group a hold?
Cronos Group has a market capitalization of $2.66 billion and generates $46.72 million in revenue each year. The company earns $-73,140,000.00 in net income (profit) each year or ($0.38) on an earnings per share basis.
Where is Cronos located?
Wall Street analysts have given Cronos Group a "Hold" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Cronos Group wasn't one of them.
Where does Cronos grow cannabis?
111 PETER STREET SUITE 300, TORONTO, Ontario, M5V2G9, Canada +1 416 504-0004. Cronos Group, headquartered in Toronto, Canada cultivates and sells medicinal and recreational cannabis through its medicinal brand, Peace Naturals, and its two recreational brands, Cove and Spinach.
Cronos Group Inc. (CRON) Q3 2021 Earnings Call Transcript
Although it primarily operates in Canada, Cronos exports medical cannabis to Poland and Germany. In addition, it has entered joint ventures in Israel, Colombia, and Australia to drive further international cultivation and distribution growth. In the U.S. the c.
Stocks in play: Cronos Group Inc
At this time, I would like to turn the call over to Shayne Laidlaw, investor relations. Thank you, Catherine, and thank you for joining us today to review Cronos Group's 2021 third quarter financial and business performance. Today, I am joined by our president and CEO, Kurt Schmidt; our CFO, Bob Madore; and our executive chairman, Mike Gorenstein.
How much did Cronos pay for the option?
Announced its 2021 Third-Quarter business results. Net revenue of $20.4 million in Q3 2021 increased ...
Where is Cronos located?
Cronos paid $110.4 million for the option, which exercises upon a few factors, including a change to U.S. federal prohibition of high-THC cannabis. After considering the option value for PharmaCann, we’ve increased Cronos’ fair value estimates to $8 and CAD 9.50 per share, up from $7.50 and CAD 9, respectively.
