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The price of Harrow Inc (NASDAQ: HROW) closed at $10.45 in the last session, down -3.69% from day before closing price of $10.85. In other words, the price has decreased by -$3.69 from its previous closing price. On the day, 0.68 million shares were traded. HROW stock price reached its highest trading level at $10.88 during the session, while it also had its lowest trading level at $10.28.
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 4.46 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 155.26. 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:
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 Apr 19 ’24 when Opaleye Management Inc. bought 29,400 shares for $10.56 per share. The transaction valued at 310,390 led to the insider holds 3,775,000 shares of the business.
Opaleye Management Inc. bought 50,000 shares of HROW for $641,000 on Mar 28 ’24. The 10% Owner now owns 3,745,600 shares after completing the transaction at $12.82 per share. On Mar 22 ’24, another insider, BAUM MARK L, who serves as the CHIEF EXECUTIVE OFFICER of the company, bought 9,000 shares for $11.59 each. As a result, the insider paid 104,310 and bolstered with 2,137,525 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 369539168 and an Enterprise Value of 475167616. For the stock, the TTM Price-to-Sale (P/S) ratio is 2.84 while its Price-to-Book (P/B) ratio in mrq is 5.22. Its current Enterprise Value per Revenue stands at 3.65 whereas that against EBITDA is 39.77.
Stock Price History:
The Beta on a monthly basis for HROW is 0.58, which has changed by -0.58581054 over the last 52 weeks, in comparison to a change of 0.2006725 over the same period for the S&P500. 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 -9.54%, while the 200-Day Moving Average is calculated to be -21.32%.
Shares Statistics:
According to the various share statistics, HROW traded on average about 441.76K shares per day over the past 3-months and 401720 shares per day over the past 10 days. 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 65.13% stake in the company. Shares short for HROW as of 1711584000 were 6121106 with a Short Ratio of 13.86, compared to 1709164800 on 5494917. Therefore, it implies a Short% of Shares Outstanding of 6121106 and a Short% of Float of 20.74.
Earnings Estimates
The market rating for Harrow Inc (HROW) is a result of the insights provided by 4 analysts actively involved in the assessment.On average, analysts expect EPS of -$0.2 for the current quarter, with a high estimate of -$0.06 and a low estimate of -$0.27, while EPS last year was -$0.22. The consensus estimate for the next quarter is -$0.14, with high estimates of -$0.02 and low estimates of -$0.25.
Analysts are recommending an EPS of between -$0.05 and -$0.5 for the fiscal current year, implying an average EPS of -$0.32. EPS for the following year is $0.59, with 3 analysts recommending between $0.77 and $0.35.
Revenue Estimates
According to 4 analysts, the current quarter’s revenue is expected to be $37.27M. 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 48.20% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $43.2M, an increase of 39.20% less than the figure of $48.20% 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 4 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 $184.76M. In the same quarter a year ago, actual revenue was $130.19M, up 41.90% from the average estimate. Based on 3 analysts’ estimates, the company’s revenue will be $251.34M in the next fiscal year. The high estimate is $288.24M and the low estimate is $231.6M. The average revenue growth estimate for next year is up 36.00% from the average revenue estimate for this year.
