Cronos stock: buy or sell?
May 21st, 2019
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.
|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 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.
|Date||Analyst / Broker||Previous rating||Current rating|
|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
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.
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.
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 $15.00Nobody 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. 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-4-17||Bank of America||Initiates||n/a||$13.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareCronos 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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 $-18.97 million.
|2015||$-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% 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.
|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 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:
|Market cap||$2.8 B|
|Total shares||178.7 M|
|Float shares||171.1 M|
|- Institutional holdings (%)||9.3%|
|- Insider holdings (%)||48.3%|
|Shares in short selling||0.0%|
|Tuesday, May 21st, 2019|
|Day range||$14.85 - $15.67|
|Average true range||$0.93|
|50d mov avg||$17.53|
|100d mov avg||$17.68|
|200d mov avg||$13.63|
Cronos performanceTo 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 :