Cronos stock: buy or sell?

CRON stock price: $15.60 5.76% At close on May 21st, 2019

Updated on:
May 21st, 2019

2

Cronos climbed an outstanding 5.76% and closed at $15.60. On May 13th CRON collapsed a chilling -8.07%.

Should I buy Cronos stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best time to buy them. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, Cronos stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Cronos stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we detected 7 ratings published for CRON stock in the last month.

The general sentiment of these ratings is bearish for CRON stock, with 4 negative ratings.
Is CRON a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-4-17Bank of American/aUnderperform
2019-3-5Cowenn/aMarket Perform
2019-3-27Canaccord GenuityHoldSell
2019-3-11BMO Capital MarketsMarket PerformUnderperform
2019-2-5GMP SecuritiesBuyHold
2019-2-25Jefferies Financial Groupn/aUnderperform
2019-1-18CIBCn/aOutperform

Cronos stock analysis

Daily outlook

Cronos shares climbed 5.76% to $15.60 today.

Cronos shares climbed 5.76% to $15.60 today. CRON is ready to breakout over May 14th top. On February, CRON hit new all time highs, pushing higher previous ATH of $21.79 recorded on February. New ATHs are usual entry points for many trading setups as there aren't higher resistences.

CRON stock chart (daily)

Weekly outlook

Cronos soared an impressive 4.49% this week. Late April CRON boosted an outstanding 8.22% in just one week. Early May CRON plunged a scary -7.60% in just one week.

Far behind is the all-time high Cronos hit early February and since then the price is -37.85% below that top.

CRON stock chart (weekly)

Cronos stock price history

Cronos IPO was on February 27th, 2018 at $8.24 per share1. Since then, CRON stock grew a 89.30%, with an average of 89.30% per year. If you had invested right after CRON's IPO a $1,000 in Cronos stock in 2018, it would worth $893.00 today.

1: Adjusted price after possible price splits or reverse-splits.

Cronos stock historical price chart

CRON stock reached all-time highs on February with a price of $25.10.

Cronos stock price target is $15.00

Nobody can reliably foresee how stock prices may evolve in the future. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. You should not follow the analysts' CRON stock price predictions in the hope that they will be met as they may be wrong and not met. For the last 30 days we found 2 price forecasts for Cronos stock:
CRON stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-4-17Bank of AmericaInitiatesn/a$13.00-
2019-3-27Canaccord GenuityDowngradesn/a$17.00-
(in average)$0.00$15.000.0%
The price target for Cronos stock is $15.00, moving in a range between $17.00 and $13.00. In average, analysts' outlook on CRON price target is stable from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Cronos reported astounding results for 2018-Q4 on March. Cronos skyrocketed Earnings per Share (EPS) by 150.00%, beating analysts estimates of $-0.02. Cronos posted $-0.05.
CRON earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/an/an/a
2017-Q2-n/an/an/a
2017-Q3-n/an/an/a
2017-Q42018-04-30n/a0.01n/a
2018-Q12018-05-15n/a-0.01n/a
2018-Q22018-08-14-0.01n/an/a
2018-Q32018-11-13-0.02-0.03n/a
2018-Q42019-03-26-0.02-0.05n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

In 2018, Cronos annual turnover boosted an exceptional 284.69% to $15.70 M USD from $4.08 marked in 2017. Nonetheless, its profit margin (compared to sales) plunged to -120.80%, that is $-18.97 million.

CRON annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2015$-1.28 M-$0.39 M-30.1%-
2016$1.31 M-201.81%$-1.19 M-91.1%-408.18%
2017$4.08 M212.42%$2.49 M61.0%-309.32%
2018$16 M284.69%$-18.97 M-120.8%-861.54%

Quarterly financial results

Cronos posted $5.60 million in sales for 2018-Q4, a 49.04% up compared to previous quarter. Reported quarter earnings marked $-11.43 million with a profit margin of -204.01%. Profit margin plummed a -12.26% compared to previous quarter when profit margin was -191.76%. When comparing sales to same quarter last year, Cronos sales marked a super good increase and climbed a 247.86%. Looking back to recent quarterly results, Cronos posted 7 negative quarters in a row.
CRON quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$1 M-$-0.84 M-162.7%-
2017-Q2$1 M24.02%$0.17 M27.2%-120.71%
2017-Q3$1 M64.57%$0.88 M83.5%405.89%
2017-Q4$2 M52.07%$2.06 M128.1%133.19%
2018-Q1$3 M82.81%$-1.05 M-35.7%-150.90%
2018-Q2$3 M15.25%$0.72 M21.3%-168.86%
2018-Q3$4 M10.78%$-7.21 M-191.8%-1,097.23%
2018-Q4$6 M49.04%$-11.43 M-204.0%58.57%

Cronos ownership

When you are planning to buy shares of a stock, it's worth to overview its ownership structure.

Cronos shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 48.28% of all shares.

In case of Cronos stock, 9.35% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for CRON stock account 0.00%, no big difference from last month.

For a better understanding, the next table shows ownership data compared to other related stocks:

CRON
Market cap$2.8 B
Total shares178.7 M
Float shares171.1 M
  - Institutional holdings (%)9.3%
  - Insider holdings (%)48.3%
Shares in short selling0.0%

Cronos summary

Tuesday, May 21st, 2019
Open$14.85
Close$15.60
Day range$14.85 - $15.67
Previous close$14.75
Session gain5.76%
Average true range$0.93
50d mov avg$17.53
100d mov avg$17.68
200d mov avg$13.63
Daily patternlb01b
Weekly pattern lb06a

Cronos performance

To better understand Cronos performance you must becnhmark its gains with other related stocks in same sector or industry. In the following table, we compare Cronos performance to :
Stock3m6m12m
CRONCronos-28.83%77.07%159.57%

Cronos competitors

Unfortunately, we could not find any public company that could be defined as Cronos competitor. This doesn't mean Cronos does not have any competitor in the market, it's just we could not detected it.