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NioCorp Developments, Ltd., released what it called a positive preliminary economic assessment of its mining prospects near Elk Creek. Nonetheless, the Vancouver company's stock dropped Monday by ...
Why is Cronos stock dropping?
Cronos Group Inc (CRON) shares closed today at 0.5% above its 52 week low of $3.79, giving the company a market cap of $1B. The stock is currently down 1.5% year-to-date, down 48.7% over the past 12 months, and down 49.3% over the past five years.
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Why is regn stock dropping?
Why is Regeneron Pharmaceuticals Inc stock dropping? Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Will CRON stock go back up?
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 +16.67% increase from the last price of 2.99.
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.
Should I sell my CRON stock?
The consensus among Wall Street research analysts is that investors should "hold" Cronos Group stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CRON, but not buy additional shares or sell existing shares.
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.
What sector is Cron stock?
Description. Cronos Group Inc. operates as a cannabinoid company.
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A P/B of 1 means it's selling at its per share book value....Momentum Scorecard. More Info.Zacks RankDefinitionAnnualized Return1Strong Buy24.75%2Buy18.15%3Hold9.70%4Sell5.35%2 more rows
How do I buy Cron stock?
Cronos Group shares (CRON) are listed on the NASDAQ and all prices are listed in US Dollars....How to buy shares in Cronos GroupCompare share trading platforms. ... Open your brokerage account. ... Confirm your payment details. ... Research the stock. ... Purchase now or later.More items...
Cronos Group stock news
In a statement that accompanied the presentation of the States Reform Act, Rep. Mace stated: “Today, only 3 states lack some form of legal cannabis. My home state of South Carolina permits CBD, Florida allows medical marijuana, California and others have full recreational use, for example. Every state is different.
CRON stock analysis: technical view
The past few sessions have been a bit volatile for shares in Cronos Group – the stock went up 26% on 8 November amid news that Congress was moving forward with the legalisation of cannabis in the US, while the 9 November report in regards to the company’s inability to file its 10-Q report timely prompted a 15% decline in the Cronos Group stock value..
CRON fundamental analysis
The last time Cronos Group filed a quarterly earnings report was on 5 August. Back then, the company reported net revenues of $28.23m for the six months ended on 30 September, resulting in a 54% year-on-year jump.
Cronos Group (CRON) stock forecast: analyst sentiment
Based on the technical analysis outlined above, other technical pointers and price trends, the outlook for Cronos stock appears to be bearish.
Cronos stock forecast 2022-2025: CRON stock price targets
Is the CRON stock a ‘buy’, ‘sell’, or ‘hold’? Data from Seeking Alpha indicates that 7 out of the 14 analysts that are currently covering the stock have a neutral rating on CRON, while 4 others have rated the stock a sell with a mix of ‘bearish’ and ‘very bearish’ views. Three analysts shared ‘bullish’ and ‘very bullish’ ratings.
Cronos Group Inc Stock Forecast
Is Cronos Group Inc Stock Undervalued? The current Cronos Group Inc [ CRON] share price is $3.98. The Score for CRON is 40, which is 20% below its historic median score of 50, and infers higher risk than normal.
Cronos Group Inc Stock Price History
The current trend is relatively stagnant and CRON is experiencing slight buying pressure.
Stock Predictions
Is Cronos Group Inc stock public? Yes, Cronos Group Inc is a publicly traded company.
Cronos Group Inc. (CRON) Q3 2021 Earnings Call Transcript
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.
Cronos Group net income falls, launches cost-cutting measures
Cronos Group said Friday its third-quarter net income fell to $55.1 million, or 21 cents a share, from $95.2 million, or 18 cents a share, in the year-ago period. The latest quarter includes a $132.9 million gain on revaluation of derivative liabilities.
What happened
Shares of Cronos Group ( CRON -2.10% ) slumped 14% in December, according to data provided by S&P Global Market Intelligence. The cannabis producer got dragged down by the broad market sell-off in cannabis stocks last month and has yet to file its third-quarter report with the U.S. Securities and Exchange Commission (SEC).
So what
Cronos Group has put out some surprising announcements recently, starting in November when it stated that it would be unable to file its 10-Q quarterly report on time with the SEC for the period ending in September 2021.
Now what
Since going public in 2017, Cronos Group stock is up over 2,200%. But over the last six months, it is actually down slightly over 50%, leading to some tough losses for anyone that bought the stock in 2021. The company has also never gotten close to profitability, burning almost $200 million in cash over the past 12 months.
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