CronosMarijuana stocks are showing signs of traction, following some strong growth in the market last week. Cronos Group Inc. (NASDAQ: CRON) is a popular pick, and its current momentum will give some inspiration to new investors, or even older pot stock investors looking to expand their portfolios. Over the last five days, Cronos is up 5.88%. On Monday, the stock finished with a 1.08% gain in after-hours trading.

Cronos is a producer and distributor of adult-use marijuana. Its brands include Peace Naturals, Cove, Lord Jones, and Peace+. Revenue momentum at the company has been incredibly strong over the last five fiscal years. In 2015, the company generated a modest $226,589 in sales revenue. By the 2019 fiscal year, that figure was up to $31.51 million. The company is still working towards profitability, which is not unusual in this market. Its rapid revenue growth will help it to reach its goals. Averaged over the last four years, revenue has increased by 284.79% per annum.

Analysts predict only a moderate upside on this stock in the short-term, with a target price of $5.84. However, the recent growth in the wider marijuana market could lead to a revision on this figure. For long-term growth and proven revenue performance, there are few stocks as compelling as this.

Key Data:

  • 1 Year Price Growth: -62.17%
  • YTD Price Growth: -27.25%
  • 3 Month Price Growth: -23.98%

All information is based on current and historical market data, as well as publicly available financial data. As with any financial decision, your own research is important. Stock market outcomes can never be 100% accurately predicted. Familiarity with historical data, individual industries, and individual stocks is key to developing a robust portfolio. Note that stock prices can fluctuate rapidly during trading sessions.