Stock Forecast Based On a Predictive Algorithm | I Know First |cannabis Archives - Stock Forecast Based On a Predictive Algorithm

CRON Stock Forecast: Building a Global Platform in Cannabis Industry

July 15, 2021

This CRON stock forecast article was written by Yutong Li – Analyst at I Know First, Master's candidate at Brandeis University.

Highlights:

CRON’s stock has grown by 25.5% since July 2020

CRON has strong financial performance with a 3-year-revenue-growth-rate of 94.8 and a cash-to-debt ratio of 132.4, outperforming 96.38% and 88% of its companies in the industry

Despite price drop in recent months, CRON still has a good long-term outlook with opportunities in the global cannabis industry, and the target price for CRON will hit $11 for the upcoming year

Read The Full Premium Article
Subscribe to receive exclusive PREMIUM content here

Premium Articles

CRON Stock Forecast: Recovery Ahead As New Products Launched

February 25, 2021

This CRON stock forecast article was written by Maria Grishaev, Analyst at I Know First.

Executive Summary

Cronos Group Inc. had a mixed year in 2020 with their stock losing 2.66%, mostly due to the COVID-19 pandemic.
Quantitative analysis results indicate bullish signals after stock price topped out the moving average line.
With the new Biden administration and the legalization of cannabis in five new states in the US, the new product launches worldwide, the company’s future is looking better.
Based on the Multiples Valuation model, my price target for CRON is 18$, indicating a cautious buy recommendation.