Cronos stock: buy or sell?
August 19th, 2019
Should I buy Cronos stock?You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. 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 like to 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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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 collected 12 ratings published for CRON stock in the last 30 days.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-9||Bank of America||n/a||Buy|
|2019-8-12||Piper Jaffray Companies||n/a||Overweight|
|2019-6-5||Bank of America||Underperform||Buy|
|2019-6-28||Consumer Edge||n/a||Equal Weight|
|2019-4-17||Bank of America||n/a||Underperform|
|2019-3-11||BMO Capital Markets||Market Perform||Underperform|
|2019-2-25||Jefferies Financial Group||n/a||Underperform|
Cronos stock analysis
Shares of Cronos dropped a fateful -2.06% and closed at $11.86.
Cronos shares dropped -2.06% to $11.86 today. Since July 26th when CRON stock price broke down the SMA200d line, it slid $-3.11 per share (-20.77%). CRON marked a lower low and a lower high in the short term, defining a downward trend. Climbing above $15.58 would break this short term down trend and open possibilities for reversing this situation.
After sliding a bloodcurdling -10.32% in a week last week, Cronos closed this week at $11.86 and slightly fell a rough -2.06%. With this, it's been 5 sliding weeks in a row, loosing $-3.11 (-21.84%).
Cronos finally dropped under the support line and now is sliding further looking for new supports. Since early July, when CRON stock price broke down the 40-weeks moving avarage line, it slid $-3.43 per share (-22.43%). Trading stocks that are below the 40-weeks (that is, 200-days) moving average line is not recommended by many experts, as it indicates that the stock has not enough institutional support. Far behind is the all-time high Cronos recorded early February and since then the price is -52.75% below that top.
Cronos stock price history
Cronos IPO was on February 27th, 2018 at $8.24 per share1. Since then, CRON stock grew a 43.90%, with a yearly average of 43.90%. If you had invested right after CRON's IPO a $1,000 in Cronos stock in 2018, it would worth $439.00 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 $19.00Nobody 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. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we found 4 price predictions for CRON stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-8-9||Bank of America||Raises Target||$20.00||$26.00||30%|
|2019-6-5||Bank of America||Upgrades||$13.00||$20.00||53.8%|
|2019-4-17||Bank of America||Initiates||n/a||$13.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareCronos reported outstanding results for 2018-Q4 on March. Cronos rocketed Earnings per Share (EPS) by 150.00%, beating experts of $-0.02. Cronos posted $-0.05.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw a super good growth of 284.69% to $15.70 million dollars. When comparing 2018 vs 2017, in contrast, profit margin (that is, the net income divided by revenues) plunged a -181.83% to -120.80%.
|2015||$-1.28 M||-||$0.39 M-30.1%||-|
|2016||$1.31 M||-201.81%||$-1.19 M-91.1%||-408.18%|
|2017||$4.08 M||212.42%||$2.49 M61.0%||-309.32%|
|2018||$16 M||284.69%||$-18.97 M-120.8%||-861.54%|
Quarterly financial resultsCronos posted $5.60 million in sales for 2018-Q4, a 49.04% improvement compared to previous quarter. Reported quarter income marked $-11.43 M 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 turnover to same quarter last year, Cronos sales marked a dazzling gain and skyrocketed a 247.86%. Looking back to recent quarterly results, Cronos posted 7 negative quarters in a row.
|2017-Q1||$1 M||-||$-0.84 M-162.7%||-|
|2017-Q2||$1 M||24.02%||$0.17 M27.2%||-120.71%|
|2017-Q3||$1 M||64.57%||$0.88 M83.5%||405.89%|
|2017-Q4||$2 M||52.07%||$2.06 M128.1%||133.19%|
|2018-Q1||$3 M||82.81%||$-1.05 M-35.7%||-150.90%|
|2018-Q2||$3 M||15.25%||$0.72 M21.3%||-168.86%|
|2018-Q3||$4 M||10.78%||$-7.21 M-191.8%||-1,097.23%|
|2018-Q4||$6 M||49.04%||$-11.43 M-204.0%||58.57%|
Cronos ownershipWhen you are planning to invest in a company, it's always 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.
The following table compares ownership indicators for other stocks related to Cronos:
|Market cap||$1.7 B|
|Total shares||142.7 M|
|Float shares||177.0 M|
|- Institutional holdings (%)||9.3%|
|- Insider holdings (%)||48.3%|
|Shares in short selling||0.0%|
|Monday, August 19th, 2019|
|Day range||$11.70 - $12.32|
|Average true range||$0.91|
|50d mov avg||$14.89|
|100d mov avg||$15.56|
|200d mov avg||$15.31|
Cronos performanceTo better understand Cronos performance you must compare its gains with other related stocks in same sector or industry. In the following table, we compare Cronos to :