Cronos Group could struggle to be marijuana winner
Cronos Group Inc.(CRON) currently trades at $6.41 and has 0.31 in the past 24 hours. Looking at the past two years of post-earnings moves for Cronos, the stock was lower after seven of its past eight earnings reports. CRON has averaged a 3.5% swing the session after its last eight reports, regardless of direction, which is much lower than the 18.3% move the options pits are pricing in this time around.
Based on this information, investorsQ rates this stock a 4 out of 10. We give it this rating because like most stocks, CRON bottomed out earlier this month, landing at a two-year low of $4 last Monday, March 16. While CRON is still trading well below its year-to-date breakeven, it’s managed to tack on 12.2% this week. The high forecast for Cronos Group Inc. is $12.84 and the low is $4.93. Notably, the company’s market cap is $2.191 billion with a 52 week high of $19.24 and a 52 week low of $4.00.