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Harrow Inc (NASDAQ: HROW) closed the day trading at $10.53 up 5.30% from the previous closing price of $10.00. In other words, the price has increased by $5.30 from its previous closing price. On the day, 0.61 million shares were traded. HROW stock price reached its highest trading level at $10.71 during the session, while it also had its lowest trading level at $10.06.
Ratios:
For a better understanding of HROW, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 4.50 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 156.45. 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.
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 8,285 shares of HROW for $84,093 on Apr 24 ’24. The 10% Owner now owns 3,795,000 shares after completing the transaction at $10.15 per share. On Apr 23 ’24, another insider, Opaleye Management Inc., who serves as the 10% Owner of the company, bought 11,715 shares for $10.29 each. As a result, the insider paid 120,547 and bolstered with 3,786,715 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 372368160 and an Enterprise Value of 477996608. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.86 while its Price-to-Book (P/B) ratio in mrq is 5.26. Its current Enterprise Value per Revenue stands at 3.671 whereas that against EBITDA is 40.006.
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 -8.45%, while the 200-Day Moving Average is calculated to be -19.48%.
Shares Statistics:
Over the past 3-months, HROW traded about 459.09K shares per day on average, while over the past 10 days, HROW traded about 511590 shares per day. A total of 35.17M shares are outstanding, with a floating share count of 30.06M. Insiders hold about 14.99% of the company’s shares, while institutions hold 65.17% stake in the company. Shares short for HROW as of 1713139200 were 5922082 with a Short Ratio of 12.90, compared to 1710460800 on 5498693. Therefore, it implies a Short% of Shares Outstanding of 5922082 and a Short% of Float of 20.07.
