How to Buy Cronos Group Stock
Cronos Group Inc
Cronos Group Inc. operates as a cannabinoid company. It manufactures, markets, and distributes hemp-derived supplements and cosmetic products through e-commerce, retail, and hospitality partner channels under the Lord Jones and Happy Dance brands in the United States.
Cronos Group stock last closed at $2.94, up 15.29% from the previous day, and has increased 56.38% in one year. It has overperformed other stocks in the Drug Manufacturers - Specialty & Generic industry by 0.63 percentage points. Cronos Group stock is currently +79.27% from its 52-week low of $1.64, and -1.67% from its 52-week high of $2.99.
As of Apr 30, 2024, there are 381.3M shares of CRON outstanding. The market cap of CRON is $1.12B. In the last 24 hours, 10.67M CRON shares were traded.
How to Buy Cronos Group Stock
Wondering how to invest in Cronos Group stock? Here's how.
- Choose where to buy Cronos Group stock: You need to decide on an online brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you figure out where to buy Cronos Group stock.
- Sign up for a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've identified.
- Fund your investment account: Select your payment method and add your information.
- Analyze Cronos Group stock: The Cronos Group ticker symbol is CRON. Is Cronos Group stock a good investment? Should you buy shares of CRON? How do CRON's underlying business fundamentals look? Do top analysts think Cronos Group is a good buy? Why has CRON's stock price moved recently? (Hint: Our stock research tools can help you figure out if CRON is a good stock to buy).
- Place your CRON trade: Decide if you will purchase CRON shares at the current market price or use a limit order to purchase CRON stock at a specific price.
- Keep an eye on your investment in CRON: Create a watchlist to important notifications about your position in Cronos Group stock.
Step 1: Choose where to buy Cronos Group stock
You need a brokerage account to access the NASDAQ market and buy CRON shares.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've chosen the right brokerage, the next step is to fill out some personal information so you are able to invest in CRON stock today.
How to Create a New Investment Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to create a new brokerage account.
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Step 3: Fund your investment account
Now that you've opened your account on the best stock app for beginners, you can securely and quickly fund your account:
Watch this video walkthrough if you need help depositing funds into your investment account.
Step 4: Analyze Cronos Group stock
After you have decided on the best place to buy Cronos Group stock, it's absolutely critical to evaluate their stock prior to buying, so you can wrap your head around the risk as well as the opportunity.
Cronos Group Metrics
CRON Zen Score
WallStreetZen was designed to help everyday investors do better fundamental analysis in less time.
You can see all of the due diligence checks on CRON's stock page.
How is CRON stock valued?
You can use many financial metrics, analyses, models, and charts to gauge CRON's true value.
Using relative valuations ratios:
- CRON may be undervalued based on its P/B ratio of 1.02x, relative to Drug Manufacturers - Specialty & Generic industry P/B ratio of 2.12x
You can access additional valuation analysis on CRON's stock here.
A quick look at CRON Financials
Positive Health Checks:
- CRON has $867.07M in cash and short term investments. This is sufficient to cover its annual cash burn of $45.34M.
- Total CRON debt is lower than 5 years ago, relative to shareholder equity.
- CRON has a low debt to equity ratio of 0.04.
- There are more short-term assets than long-term liabilities on the CRON balance sheet.
- There are more short-term assets than short-term liabilities on the CRON balance sheet.
- CRON has cash burn of 45340000. It has sufficient cash and short-term investments to cover this for at least one year.
Negative Health Checks:
- CRON profit margin has gone up by 1.1 percentage points in the past year, but the company is still unprofitable.
Do analysts think it's a good time to buy CRON stock
Out of 1 Wall Street analysts who monitor CRON, the consensus analyst rating on Cronos Group is a Sell
It's important to keep in mind that analyst ratings are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are forecasting on the Cronos Group stock forecast page.
CRON Technical Indicators
CRON Performance Metrics
Last year, CRON revenue was $87.24M. During the last 5 year, CRON's revenue has gone up by 48.4% per year. This was faster than the Drug Manufacturers - Specialty & Generic industry average of 30.21%.
You can research CRON's earnings and revenue performance here.
Latest Insiders Trades at CRON
Over the last year, insiders at CRON have bought more shares than they have sold.
Shannon Buggy, SVP Global Head of People of CRON, was the latest CRON insider to sell. They sold $15,394.50 worth of CRON shares on Mar 15, 2024.
Get more info about who owns CRON shares here.
Can I get consistent income from CRON stock?
No, Cronos Group doesn't provide an income stream by paying out dividends.
What do other investors have to say about CRON?
One of the primary reasons eToro is our top-rated brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Place your CRON trade
You have two primary order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are usually the best for newer investors. - Limit order: A limit order is an order to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at a specific price limit, place a limit order.
Press the Open button and your broker will execute your order.
If you want more info about investing in stocks on eToro, click the how to video below:
Step 6: Keep an eye on your investment in CRON
Now that you own some CRON shares, you'll want to keep up with your investment.
Add CRON to a watchlist to see the latest developments about your CRON stock.
CRON Feed
How to Buy Stock in Cronos Group
To reiterate, here are the 6 steps to buy stock in Cronos Group:
- Choose where to buy Cronos Group stock
- Sign up for a brokerage account
- Fund your investment account
- Analyze Cronos Group stock
- Place your CRON trade
- Keep an eye on your investment in CRON
If you need a brokerage account, eToro is our recommended option.
Get Started with eToro TodayIf you would like to monitor your investment in Cronos Group, click the button below.
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