Near Its 1-Year Low, Is Cronos Group a Buy?
It'll surprise absolutely no one who follows marijuana stocks that Cronos Group's (NASDAQ: CRON) stock is near the bottom of its one-year trading range. At the most recent closing price of $7.28, it's barely a dollar higher than the floor it hit last month.
Naturally, when a stock scrapes the bottom, it becomes natural to ask whether it's undervalued. Should investors, then, consider buying shares of Cronos now?
Image source: Getty Images.
Source Fool.com
