Will Cronos Group (CRON) be a cannabis winner?
What’s up with Cronos Group?
Cronos Group (CRON) opened at $5.90, which means the stock is down 1.00% from yesterday’s closing price of 5.94. Today, the company has a high of $5.92 and a low of $5.49. The company has a market cap of $1.96 billion with a 52-week high of $17.86 and a 52-week low of $4.00.
What about the future for Cronos 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 strong forecast. A strong forecast is a result of strong earning reports as investors are willing to pay a higher share price today because of growth expectations in the future.. Based on this information CRON seems to be a safe 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.