In yesterday’s Wall Street session, Cronos Group Inc (NASDAQ:CRON) shares traded at $3.02, up 4.14% from the previous session.
CRON stock price is now 20.62% away from the 50-day moving average and 42.14% away from the 200-day moving average. The market capitalization of the company currently stands at $1.15B.
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With the price target of $3, Bernstein recently initiated with Mkt Perform rating for Cronos Group Inc (NASDAQ: CRON)., while ‘CIBC’ rates the stock as ‘Sector Outperform’
In other news, ADLER JASON MARC, Director bought 37,500 shares of the company’s stock on May 30 ’23. The stock was bought for $65,074 at an average price of $1.74. Upon completion of the transaction, the Director now directly owns 1,402,304 shares in the company, valued at $4.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 25 ’23, Director ADLER JASON MARC bought 100,000 shares of the business’s stock. A total of $179,650 was incurred on buying the stock at an average price of $1.80. This leaves the insider owning 1,376,054 shares of the company worth $4.16 million. A total of 47.84% of the company’s stock is owned by insiders.
During the past 12 months, Cronos Group Inc has had a low of $1.64 and a high of $3.12. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 28.19, and a quick ratio of 27.28.
The net profit margin was -61.18% and return on equity was -4.91% for CRON. The company reported revenue of $25.29 million for the quarter, compared to $19.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 29.72 percent.
