Cronos Group’s (CRON) forecast reflects future predictions
What’s up with Cronos Group?
Cronos Group (CRON) opened at $6.21, which means the stock is down 4% from yesterday’s closing price of 6.23. Today, the company has a high of $6.29 and a low of $5.92. The company has a market cap of $2.05 billion with a 52-week high of $17.86 and a 52-week low of $4.00.
What about the future forCronos Group
The high forecast for Cronos Group is 8.50 while the low is 4.22. Stock forecasts are based on human experience: Human traders based on their experience in terms of stock price patterns, volume changes, and market news/rumors regarding a particular stock. Cronos Group has a weak forecast. A weak forecast is due to the company posting consistent losses in their earning reports. The future outlook does not seem too bright as this could potentially cause the company to file for bankruptcy.. Based on this information CRON seems to be a risky buy.
About Cronos Group
Cronos Group, Inc. engages in the production and distribution of cannabis. Its brands include PEACE NATURALS, COVE, Spinach, Lord Jones and PEACE+. The company was founded by Lorne Michael Gertner and Paul Rosen on August 21, 2012 and is headquartered in Toronto, Canada.