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Grove Collaborative Holdings Inc. (NYSE: GROV) closed the day trading at $1.31 down -6.43% from the previous closing price of $1.40. In other words, the price has decreased by -$6.43 from its previous closing price. On the day, 0.74 million shares were traded. GROV stock price reached its highest trading level at $1.41 during the session, while it also had its lowest trading level at $1.31.
Ratios:
For a better understanding of GROV, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.92 and its Current Ratio is at 3.88. In the meantime, Its Debt-to-Equity ratio is 7.68 whereas as Long-Term Debt/Eq ratio is at 7.54.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Telsey Advisory Group on August 09, 2024, Reiterated its Outperform rating but revised its target price to $2 from $3 previously.
On November 17, 2022, Canaccord Genuity started tracking the stock assigning a Buy rating and target price of $2.
On June 27, 2022, Telsey Advisory Group started tracking the stock assigning a Outperform rating and target price of $10.Telsey Advisory Group initiated its Outperform rating on June 27, 2022, with a $10 target price.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Jul 01 ’24 when Clark Christopher sold 6,485 shares for $1.74 per share. The transaction valued at 11,262 led to the insider holds 112,344 shares of the business.
Clark Christopher sold 6,485 shares of GROV for $10,337 on Jun 03 ’24. The Chief Technology Officer now owns 118,829 shares after completing the transaction at $1.59 per share. On May 31 ’24, another insider, Yurcisin Jeffrey Michael, who serves as the President & CEO of the company, bought 9,000 shares for $1.66 each. As a result, the insider paid 14,940 and bolstered with 52,923 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, GROV now has a Market Capitalization of 51038908 and an Enterprise Value of 64335952. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.22 while its Price-to-Book (P/B) ratio in mrq is 74.39. Its current Enterprise Value per Revenue stands at 0.283 whereas that against EBITDA is -4.005.
Stock Price History:
Over the past 52 weeks, GROV has reached a high of $2.97, while it has fallen to a 52-week low of $1.18. The 50-Day Moving Average of the stock is -5.42%, while the 200-Day Moving Average is calculated to be -20.58%.
Shares Statistics:
Over the past 3-months, GROV traded about 49.71K shares per day on average, while over the past 10 days, GROV traded about 119320 shares per day. A total of 32.18M shares are outstanding, with a floating share count of 17.08M. Insiders hold about 56.16% of the company’s shares, while institutions hold 15.85% stake in the company. Shares short for GROV as of 1724976000 were 1136649 with a Short Ratio of 22.87, compared to 1722384000 on 1128958. Therefore, it implies a Short% of Shares Outstanding of 1136649 and a Short% of Float of 4.93.
