Analysts Set Expectations for Cronos Group FY2024 Earnings

Cronos Group Inc. (NASDAQ:CRON) – Roth Capital raised their FY2024 EPS estimates for Cronos Group in a report issued on Wednesday, November 13th. Roth Capital analyst W. Kirk now expects that the company will post earnings per share of ($0.06) 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 Trading Down 2.9 %

Shares of CRON opened at $2.01 on Friday. Cronos Group has a 12 month low of $1.85 and a 12 month high of $3.14. The firm’s 50 day moving average is $2.17 and its 200-day moving average is $2.35. The stock has a market capitalization of $768.42 million, a PE ratio of -15.46 and a beta of 0.98.

Hedge Funds Weigh In On Cronos Group

A number of hedge funds have recently added to or reduced their stakes in CRON. National Bank of Canada FI boosted its position in shares of Cronos Group by 1,094.4% during the 2nd 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 in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Cronos Group in the 3rd quarter valued at $37,000. Toronto Dominion Bank increased 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 position in shares of Cronos Group during the 1st quarter worth $60,000. Finally, Headlands Technologies LLC lifted its position in shares of Cronos Group by 12,309.4% during the 2nd 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. Institutional investors own 8.71% of the company’s stock.

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.