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After finishing at $53.04 in the prior trading day, Harrow Inc (NASDAQ: HROW) closed at $50.60, down -4.60%. In other words, the price has decreased by -$4.60 from its previous closing price. On the day, 0.56 million shares were traded. HROW stock price reached its highest trading level at $53.99 during the session, while it also had its lowest trading level at $50.56.
Ratios:
Our goal is to gain a better understanding of HROW by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.42 and its Current Ratio is at 2.59. In the meantime, Its Debt-to-Equity ratio is 3.31 whereas as Long-Term Debt/Eq ratio is at 3.30.
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, Craig Hallum on April 11, 2024, initiated with a Buy rating and assigned the stock a target price of $24.
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 Apr 25 ’24 when Opaleye Management Inc. bought 20,000 shares for $9.97 per share. The transaction valued at 199,400 led to the insider holds 3,815,000 shares of the business.
Opaleye Management Inc. bought 11,715 shares of HROW for $120,547 on Apr 23 ’24. The 10% Owner now owns 3,786,715 shares after completing the transaction at $10.29 per share. On Apr 24 ’24, another insider, Opaleye Management Inc., who serves as the 10% Owner of the company, bought 8,285 shares for $10.15 each. As a result, the insider paid 84,093 and bolstered with 3,795,000 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, HROW now has a Market Capitalization of 1923882752 and an Enterprise Value of 1914993920. For the stock, the TTM Price-to-Sale (P/S) ratio is 11.65 while its Price-to-Book (P/B) ratio in mrq is 30.91. Its current Enterprise Value per Revenue stands at 12.423 whereas that against EBITDA is 601.254.
Stock Price History:
Over the past 52 weeks, HROW has reached a high of $59.23, while it has fallen to a 52-week low of $7.60. The 50-Day Moving Average of the stock is 10.25%, while the 200-Day Moving Average is calculated to be 116.77%.
Shares Statistics:
The stock has traded on average 591.26K shares per day over the past 3-months and 516540 shares per day over the last 10 days, according to various share statistics. A total of 35.17M shares are outstanding, with a floating share count of 30.34M. Insiders hold about 14.48% of the company’s shares, while institutions hold 54.25% stake in the company. Shares short for HROW as of 1728950400 were 3487235 with a Short Ratio of 5.90, compared to 1726185600 on 4252452. Therefore, it implies a Short% of Shares Outstanding of 3487235 and a Short% of Float of 13.919999999999998.
