Grom Social Enterprises Inc. (NASDAQ: GROM) closed the day trading at $0.18 up 5.65% from the previous closing price of $0.17. In other words, the price has increased by $+0.0096 from its previous closing price. On the day, 251400 shares were traded. GROM stock price reached its highest trading level at $0.1850 during the session, while it also had its lowest trading level at $0.1650.
For a better understanding of GROM, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.10 and its Current Ratio is at 1.10. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.00.
Upgrades & Downgrades
For the stock, the TTM Price-to-Sale (P/S) ratio is 0.74 while its Price-to-Book (P/B) ratio in mrq is 0.18.
Stock Price History:
Over the past 52 weeks, GROM has reached a high of $3.17, while it has fallen to a 52-week low of $0.14. The 50-Day Moving Average of the stock is 0.3057, while the 200-Day Moving Average is calculated to be 0.6051.
Over the past 3-months, GROM traded about 351.48K shares per day on average, while over the past 10 days, GROM traded about 668.77k shares per day. A total of 21.51M shares are outstanding, with a floating share count of 20.92M. Insiders hold about 8.18% of the company’s shares, while institutions hold 6.90% stake in the company. Shares short for GROM as of Oct 13, 2022 were 297.74k with a Short Ratio of 0.18M, compared to 417.85k on Sep 14, 2022. Therefore, it implies a Short% of Shares Outstanding of 1.32% and a Short% of Float of 1.53%.
Current recommendations for the stock of the company come from 1 analysts. The consensus estimate for the next quarter is -$0.08, with high estimates of -$0.08 and low estimates of -$0.08.
Analysts are recommending an EPS of between -$0.56 and -$0.56 for the fiscal current year, implying an average EPS of -$0.56. EPS for the following year is -$0.27, with 1 analysts recommending between -$0.27 and -$0.27.
A total of 1 analysts have provided revenue estimates for GROM’s current fiscal year. The highest revenue estimate was $6.68M, while the lowest revenue estimate was $6.68M, resulting in an average revenue estimate of $6.68M. In the same quarter a year ago, actual revenue was $6.3M, up 6.10% from the average estimate. Based on 1 analysts’ estimates, the company’s revenue will be $8.16M in the next fiscal year. The high estimate is $8.16M and the low estimate is $8.16M. The average revenue growth estimate for next year is up 22.20% from the average revenue estimate for this year.