Cronos Group Stock Filter Stocks by Fundamentals
| CRON Stock | USD 2.36 0.01 0.42% |
Cronos Group fundamentals help investors to digest information that contributes to Cronos' financial success or failures. It also enables traders to predict the movement of Cronos Stock. The fundamental analysis module provides a way to measure Cronos' intrinsic value by examining its available economic and financial indicators, including the cash flow records, the balance sheet account changes, the income statement patterns, and various microeconomic indicators and financial ratios related to Cronos stock.
| Last Reported | Projected for Next Year | ||
| Debt To Equity | 0 | 0 |
Cronos | Debt to Equity |
Cronos Current Valuation Drivers
We derive many important indicators used in calculating different scores of Cronos from analyzing Cronos' financial statements. These drivers represent accounts that assess Cronos' ability to generate profits relative to its revenue, operating costs, and shareholders' equity. Below are some of Cronos' important valuation drivers and their relationship over time.
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Market Cap | 3.1B | 2.4B | 1.5B | 957.5M | 796.2M | 922.4M | |
| Enterprise Value | 1.9B | 1.4B | 574.8M | 196.7M | 132.9M | 126.2M |
Cronos Fundamentals
| Return On Equity | -0.063 | ||||
| Return On Asset | -0.0425 | ||||
| Profit Margin | (0.85) % | ||||
| Operating Margin | (0.76) % | ||||
| Current Valuation | 41.26 M | ||||
| Shares Outstanding | 381.3 M | ||||
| Shares Owned By Insiders | 46.50 % | ||||
| Shares Owned By Institutions | 13.11 % | ||||
| Number Of Shares Shorted | 5.55 M | ||||
| Price To Earning | 36.41 X | ||||
| Price To Book | 0.87 X | ||||
| Price To Sales | 11.02 X | ||||
| Revenue | 88.84 M | ||||
| Gross Profit | 11.97 M | ||||
| EBITDA | (73.12 M) | ||||
| Net Income | (71.13 M) | ||||
| Cash And Equivalents | 944.89 M | ||||
| Cash Per Share | 2.50 X | ||||
| Total Debt | 2.54 M | ||||
| Debt To Equity | 0.01 % | ||||
| Current Ratio | 26.18 X | ||||
| Book Value Per Share | 2.88 X | ||||
| Cash Flow From Operations | (41.95 M) | ||||
| Short Ratio | 1.73 X | ||||
| Earnings Per Share | (0.30) X | ||||
| Target Price | 2.61 | ||||
| Number Of Employees | 356 | ||||
| Beta | 1.12 | ||||
| Market Capitalization | 903.68 M | ||||
| Total Asset | 1.13 B | ||||
| Retained Earnings | 414.59 M | ||||
| Working Capital | 891.91 M | ||||
| Current Asset | 15.37 M | ||||
| Current Liabilities | 10.59 M | ||||
| Net Asset | 1.13 B |
About Cronos Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Cronos Group's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Cronos using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Cronos Group based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Cronos Investors Sentiment
The influence of Cronos' investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Cronos. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.
Investor biases related to Cronos' public news can be used to forecast risks associated with an investment in Cronos. The trend in average sentiment can be used to explain how an investor holding Cronos can time the market purely based on public headlines and social activities around Cronos Group. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
Cronos' market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Cronos' and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Cronos' news discussions. The higher the estimated score, the more favorable is the investor's outlook on Cronos.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Cronos in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Cronos' short interest history, or implied volatility extrapolated from Cronos options trading.
Pair Trading with Cronos
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Cronos position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Cronos will appreciate offsetting losses from the drop in the long position's value.Moving together with Cronos Stock
| 0.79 | DYAI | Dyadic International Financial Report 8th of May 2024 | PairCorr |
Moving against Cronos Stock
| 0.6 | JNJ | Johnson Johnson Aggressive Push | PairCorr |
| 0.45 | EGRX | Eagle Pharmaceuticals | PairCorr |
| 0.44 | DNA | Ginkgo Bioworks Holdings Financial Report 8th of May 2024 | PairCorr |
The ability to find closely correlated positions to Cronos could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Cronos when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Cronos - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Cronos Group to buy it.
The correlation of Cronos is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Cronos moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Cronos Group moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Cronos can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Cronos Piotroski F Score and Cronos Altman Z Score analysis. You can also try the Theme Ratings module to determine theme ratings based on digital equity recommendations. Macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Cronos Stock analysis
When running Cronos' price analysis, check to measure Cronos' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Cronos is operating at the current time. Most of Cronos' value examination focuses on studying past and present price action to predict the probability of Cronos' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Cronos' price. Additionally, you may evaluate how the addition of Cronos to your portfolios can decrease your overall portfolio volatility.
| Alpha Finder Use alpha and beta coefficients to find investment opportunities after accounting for the risk | |
| Piotroski F Score Get Piotroski F Score based on the binary analysis strategy of nine different fundamentals | |
| Sectors List of equity sectors categorizing publicly traded companies based on their primary business activities | |
| Headlines Timeline Stay connected to all market stories and filter out noise. Drill down to analyze hype elasticity | |
| Latest Portfolios Quick portfolio dashboard that showcases your latest portfolios |
Is Cronos' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Cronos. If investors know Cronos will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Cronos listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.144 | Earnings Share (0.30) | Revenue Per Share 0.229 | Quarterly Revenue Growth 0.085 | Return On Assets (0.04) |
The market value of Cronos Group is measured differently than its book value, which is the value of Cronos that is recorded on the company's balance sheet. Investors also form their own opinion of Cronos' value that differs from its market value or its book value, called intrinsic value, which is Cronos' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Cronos' market value can be influenced by many factors that don't directly affect Cronos' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Cronos' value and its price as these two are different measures arrived at by different means. Investors typically determine if Cronos is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Cronos' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.