Roth Capital Forecasts Increased Earnings for Cronos Group

Cronos Group Inc. (NASDAQ:CRON) – Roth Capital boosted their FY2024 earnings estimates for shares of Cronos Group in a report released on Wednesday, November 13th. Roth Capital analyst W. Kirk now expects that the company will earn ($0.06) per share for the year, up from their prior estimate of ($0.08). The consensus estimate for Cronos Group’s current full-year earnings is ($0.05) per share.

Cronos Group Stock Down 2.9 %

Shares of NASDAQ:CRON opened at $2.01 on Friday. The stock has a market cap of $768.42 million, a PE ratio of -15.46 and a beta of 0.98. The company’s fifty day moving average is $2.17 and its 200 day moving average is $2.35. Cronos Group has a 52 week low of $1.85 and a 52 week high of $3.14.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Janney Montgomery Scott LLC grew its position in Cronos Group by 50.4% during the 1st quarter. Janney Montgomery Scott LLC now owns 304,063 shares of the company’s stock worth $794,000 after acquiring an additional 101,903 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new position in shares of Cronos Group in the first quarter worth $79,000. Cedar Wealth Management LLC purchased a new position in shares of Cronos Group in the first quarter worth $60,000. Toronto Dominion Bank raised its holdings in Cronos Group by 204.8% during the 1st quarter. Toronto Dominion Bank now owns 17,054 shares of the company’s stock valued at $45,000 after buying an additional 11,459 shares during the last quarter. Finally, Tidal Investments LLC purchased a new stake in Cronos Group during the 1st quarter valued at $17,217,000. Hedge funds and other institutional investors own 8.71% of the company’s stock.

Cronos Group Company Profile

Cronos Group Inc operates as a cannabinoid company that engages in the cultivation, production and marketing of cannabis products in Canada, Israel, and Germany. It offers dried flower, pre-rolls, oils, vaporizers, edibles, and cannabis tinctures under the Spinach, Lord Jones, and PEACE NATURALS brands.