Cronos Group Stock Price on December 31, 2023
| CRON Stock | USD 2.13 0.05 2.40% |
Below is the normalized historical share price chart for Cronos Group extending back to July 12, 2016. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Cronos stands at 2.13, as last reported on the 26th of November, with the highest price reaching 2.20 and the lowest price hitting 2.08 during the day.
If you're considering investing in Cronos Stock, it is important to understand the factors that can impact its price. As of now, Cronos Stock is unstable. Cronos Group secures Sharpe Ratio (or Efficiency) of 0.0103, which signifies that the company had a 0.0103% return per unit of risk over the last 3 months. We have found twenty-two technical indicators for Cronos Group, which you can use to evaluate the volatility of the firm. Please confirm Cronos' Mean Deviation of 2.15, risk adjusted performance of (0.02), and Standard Deviation of 3.13 to double-check if the risk estimate we provide is consistent with the expected return of 0.0325%.
At this time, Cronos' Other Stockholder Equity is very stable compared to the past year. As of the 26th of November 2024, Common Stock Total Equity is likely to grow to about 719.1 M, while Total Stockholder Equity is likely to drop about 730.8 M. . As of the 26th of November 2024, Price Earnings To Growth Ratio is likely to grow to 0.19, while Price To Sales Ratio is likely to drop 8.66. Cronos Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 12th of July 2016 | 200 Day MA 2.3366 | 50 Day MA 2.1514 | Beta 1.013 |
Cronos |
Sharpe Ratio = 0.0103
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Estimated Market Risk
| 3.15 actual daily | 28 72% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Cronos is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Cronos by adding Cronos to a well-diversified portfolio.
Price Book 0.7352 | Enterprise Value Ebitda (1.42) | Price Sales 7.8131 | Shares Float 203.5 M | Wall Street Target Price 3.181 |
Cronos Valuation on December 31, 2023
It is possible to determine the worth of Cronos on a given historical date. On December 31, 2023 Cronos was worth 2.1 at the beginning of the trading date compared to the closed value of 2.09. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Cronos stock. Still, in general, we apply an absolute valuation method to find Cronos' value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Cronos where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Cronos' related companies.
| Open | High | Low | Close | Volume | |
| 2.03 | 2.17 | 2.00 | 2.10 | 2,996,233 | |
12/29/2023 | 2.10 | 2.15 | 2.03 | 2.09 | 2,425,983 |
| 2.06 | 2.18 | 2.05 | 2.11 | 2,763,129 |
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Cronos Trading Date Momentum on December 31, 2023
| On January 02 2024 Cronos Group was traded for 2.11 at the closing time. The top price for the day was 2.18 and the lowest listed price was 2.05 . The trading volume for the day was 2.8 M. The trading history from January 2, 2024 was a factor to the next trading day price boost. The overall trading delta against the next closing price was 0.96% . The overall trading delta against the current closing price is 5.26% . |
Cronos Group Fundamentals Correlations and Trends
By evaluating Cronos' financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Cronos' main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Cronos financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Cronos Stock history
Cronos investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Cronos is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Cronos Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Cronos stock prices may prove useful in developing a viable investing in Cronos
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 381 M | 233.9 M | |
| Net Loss | -151.9 M | -144.3 M |
Cronos Quarterly Net Working Capital |
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Cronos Stock Technical Analysis
Cronos technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Cronos Period Price Range
Low | November 26, 2024
| High |
0.00 | 0.00 |
Cronos Group cannot be verified against its exchange. Please verify the symbol is currently traded on NASDAQ Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Cronos November 26, 2024 Market Strength
Market strength indicators help investors to evaluate how Cronos stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Cronos shares will generate the highest return on investment. By undertsting and applying Cronos stock market strength indicators, traders can identify Cronos Group entry and exit signals to maximize returns
Cronos Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Cronos' price direction in advance. Along with the technical and fundamental analysis of Cronos Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Cronos to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.10) | |||
| Total Risk Alpha | (0.62) | |||
| Treynor Ratio | 0.7643 |
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Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Cronos Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Pharmaceuticals space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cronos. If investors know Cronos will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cronos listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.144 | Earnings Share (0.12) | Revenue Per Share 0.267 | Quarterly Revenue Growth 0.46 | Return On Assets (0.04) |
The market value of Cronos Group is measured differently than its book value, which is the value of Cronos that is recorded on the company's balance sheet. Investors also form their own opinion of Cronos' value that differs from its market value or its book value, called intrinsic value, which is Cronos' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cronos' market value can be influenced by many factors that don't directly affect Cronos' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cronos' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cronos is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cronos' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.