The price of Harrow Inc (NASDAQ: HROW) closed at $12.58 in the last session, up 4.83% from day before closing price of $12.00. In other words, the price has increased by $+0.58 from its previous closing price. On the day, 737417 shares were traded. HROW stock price reached its highest trading level at $12.86 during the session, while it also had its lowest trading level at $11.71.
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Ratios:
We take a closer look at HROW’s different ratios to gain a better understanding of the stock. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 5.37 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 186.90. For the most recent quarter (mrq), Quick Ratio is recorded 2.60 and its Current Ratio is at 2.82. In the meantime, Its Debt-to-Equity ratio is 2.71 whereas as Long-Term Debt/Eq ratio is at 2.70.
On September 24, 2021, Aegis Capital started tracking the stock assigning a Buy rating and target price of $15.Aegis Capital initiated its Buy rating on September 24, 2021, with a $15 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Mar 22 ’24 when BAUM MARK L bought 9,000 shares for $11.59 per share. The transaction valued at 104,310 led to the insider holds 2,137,525 shares of the business.
Opaleye Management Inc. bought 50,600 shares of HROW for $488,290 on Mar 20 ’24. The 10% Owner now owns 3,695,600 shares after completing the transaction at $9.65 per share. On Nov 16 ’23, another insider, BAUM MARK L, who serves as the Chief Executive Officer of the company, bought 7,500 shares for $8.11 each. As a result, the insider paid 60,825 and bolstered with 2,022,961 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 443.80M and an Enterprise Value of 551.54M. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.42 while its Price-to-Book (P/B) ratio in mrq is 6.29. Its current Enterprise Value per Revenue stands at 4.24 whereas that against EBITDA is 55.41.
Stock Price History:
Over the past 52 weeks, HROW has reached a high of $28.25, while it has fallen to a 52-week low of $7.60. The 50-Day Moving Average of the stock is 10.58, while the 200-Day Moving Average is calculated to be 13.78.
Shares Statistics:
According to the various share statistics, HROW traded on average about 430.90K shares per day over the past 3-months and 851.01k shares per day over the past 10 days. A total of 35.17M shares are outstanding, with a floating share count of 30.04M. Insiders hold about 15.07% of the company’s shares, while institutions hold 64.51% stake in the company. Shares short for HROW as of Feb 29, 2024 were 5.49M with a Short Ratio of 12.75, compared to 4.87M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 15.65% and a Short% of Float of 18.78%.
Earnings Estimates
The company has 3 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.15 for the current quarter, with a high estimate of $0.04 and a low estimate of -$0.27, while EPS last year was -$0.22. The consensus estimate for the next quarter is -$0.13, with high estimates of $0.06 and low estimates of -$0.25.
Analysts are recommending an EPS of between $0.27 and -$0.5 for the fiscal current year, implying an average EPS of -$0.21. EPS for the following year is $0.72, with 2 analysts recommending between $0.77 and $0.66.
Revenue Estimates
According to 3 analysts, the current quarter’s revenue is expected to be $37.19M. It ranges from a high estimate of $42.6M to a low estimate of $34.37M. As of the current estimate, Harrow Inc’s year-ago sales were $25.15M, an estimated increase of 47.90% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $42.63M, an increase of 37.30% less than the figure of $47.90% in the same quarter last year. There is a high estimate of $47.3M for the next quarter, whereas the lowest estimate is $39.38M.
A total of 3 analysts have provided revenue estimates for HROW’s current fiscal year. The highest revenue estimate was $198.57M, while the lowest revenue estimate was $178.58M, resulting in an average revenue estimate of $185.71M. In the same quarter a year ago, actual revenue was $130.19M, up 42.60% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $261.21M in the next fiscal year. The high estimate is $288.24M and the low estimate is $234.19M. The average revenue growth estimate for next year is up 40.70% from the average revenue estimate for this year.
