Wall Street is positive on Cronos Group Inc (CRON). On average, analysts give the stock a Buy rating. The average price target is $8.774, which means analysts expect the stock to add by 7.00% over the next twelve months.
That rating is better than 24% of stocks based on data compiled by InvestorsObserver.
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Why are Analyst Ratings Important?
Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.
InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.
What's Happening With Cronos Group Inc Stock Today?
Cronos Group Inc (CRON) stock is trading at $8.20 as of 9:44 AM on Thursday, Jan 23, a drop of -$0.14, or -1.68% from the previous closing price of $8.34. The stock has traded between $8.13 and $8.30 so far today. Volume today is light. So far 126,731 shares have traded compared to average volume of 10,105,025 shares.