In other words, the price has increased by $0.0000 from its previous closing price. On the day, 92401 shares were traded.
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Ratios:
To gain a deeper understanding of GROV’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.72 and its Current Ratio is at 3.54. In the meantime, Its Debt-to-Equity ratio is 4.94 whereas as Long-Term Debt/Eq ratio is at 4.75.
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, Canaccord Genuity on November 17, 2022, initiated with a Buy rating and assigned the stock a target price of $2.
On June 27, 2022, Telsey Advisory Group started tracking the stock assigning a Outperform rating and target price of $10.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 11 ’24 when REPLOGLE JOHN B bought 25,900 shares for $1.93 per share. The transaction valued at 49,987 led to the insider holds 349,605 shares of the business.
Yurcisin Jeffrey Michael bought 5,406 shares of GROV for $10,001 on Mar 11 ’24. The President & CEO now owns 25,823 shares after completing the transaction at $1.85 per share. On Mar 08 ’24, another insider, Landesberg Stuart, who serves as the Executive Chairman of the company, bought 10,800 shares for $2.15 each. As a result, the insider paid 23,220 and bolstered with 965,614 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 63.75M and an Enterprise Value of 76.90M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.25 while its Price-to-Book (P/B) ratio in mrq is 7.79. Its current Enterprise Value per Revenue stands at 0.30 whereas that against EBITDA is -3.61.
Stock Price History:
Over the past 52 weeks, GROV has reached a high of $3.81, while it has fallen to a 52-week low of $1.46. The 50-Day Moving Average of the stock is 1.8226, while the 200-Day Moving Average is calculated to be 2.0896.
Shares Statistics:
It appears that GROV traded 98.18K shares on average per day over the past three months and 100.32k shares per day over the past ten days. A total of 32.18M shares are outstanding, with a floating share count of 15.96M. Insiders hold about 58.19% of the company’s shares, while institutions hold 14.50% stake in the company. Shares short for GROV as of Mar 15, 2024 were 1.13M with a Short Ratio of 11.49, compared to 1.14M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 2.95% and a Short% of Float of 4.33%.
Earnings Estimates
As of right now, 1 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.16 for the current quarter, with a high estimate of -$0.16 and a low estimate of -$0.16, while EPS last year was -$0.4. The consensus estimate for the next quarter is -$0.18, with high estimates of -$0.18 and low estimates of -$0.18.
Analysts are recommending an EPS of between -$0.61 and -$0.61 for the fiscal current year, implying an average EPS of -$0.61. EPS for the following year is -$0.09, with 1 analysts recommending between -$0.09 and -$0.09.
Revenue Estimates
In the current quarter, 2 analysts expect revenue to total $54.09M. It ranges from a high estimate of $54.77M to a low estimate of $53.4M. As of the current estimate, Grove Collaborative Holdings Inc.’s year-ago sales were $71.56M, an estimated decrease of -24.40% from the year-ago figure. For the next quarter, 2 analysts are estimating revenue of $55.2M, a decrease of -16.50% over than the figure of -$24.40% in the same quarter last year. There is a high estimate of $55.79M for the next quarter, whereas the lowest estimate is $54.6M.
A total of 2 analysts have provided revenue estimates for GROV’s current fiscal year. The highest revenue estimate was $224.97M, while the lowest revenue estimate was $220.7M, resulting in an average revenue estimate of $222.84M. In the same quarter a year ago, actual revenue was $137.36M, up 62.20% from the average estimate. Based on 2 analysts’ estimates, the company’s revenue will be $235.08M in the next fiscal year. The high estimate is $237.47M and the low estimate is $232.7M. The average revenue growth estimate for next year is up 5.50% from the average revenue estimate for this year.
