Roth Capital Increases Earnings Estimates for Cronos Group

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

Cronos Group Trading Down 2.9 %

NASDAQ:CRON opened at $2.01 on Friday. The stock’s 50-day moving average is $2.17 and its 200-day moving average is $2.35. The stock has a market cap of $768.42 million, a P/E ratio of -15.46 and a beta of 0.98. Cronos Group has a 1-year low of $1.85 and a 1-year high of $3.14.

Institutional Investors Weigh In On Cronos Group

Institutional investors have recently added to or reduced their stakes in the business. National Bank of Canada FI lifted its stake in shares of Cronos Group by 1,094.4% in the second quarter. National Bank of Canada FI now owns 15,169 shares of the company’s stock worth $35,000 after acquiring an additional 13,899 shares during the period. Quantbot Technologies LP acquired a new position in shares of Cronos Group in the 3rd quarter worth approximately $37,000. Toronto Dominion Bank boosted its stake in shares of Cronos Group by 204.8% in the 1st quarter. Toronto Dominion Bank now owns 17,054 shares of the company’s stock valued at $45,000 after purchasing an additional 11,459 shares during the last quarter. Cedar Wealth Management LLC acquired a new stake in shares of Cronos Group during the first quarter worth $60,000. Finally, Headlands Technologies LLC raised its stake in Cronos Group by 12,309.4% during the second quarter. Headlands Technologies LLC now owns 27,797 shares of the company’s stock worth $65,000 after buying an additional 27,573 shares during the last quarter. 8.71% of the stock is owned by institutional investors.

About Cronos Group

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.