Grove Collaborative Holdings Inc. (NYSE:GROV) does about 1.98M shares in volume on a normal day but saw 375859 shares change hands in Friday trading. The company now has a market cap of 73.64M USD. Its current market price is $0.43, marking an increase of 0.87% compared to the previous close of $0.42. The 52 week high reached by this stock is $12.50 whilst the lowest price level in 52 weeks is $0.18. The script in recent trading has seen the stock touch a high of $0.43 and a low of $0.4029.
Grove Collaborative Holdings Inc. (GROV) has a 20-day trading average at $0.4668 and the current price is -96.57% off the 52-week high compared with 136.14% distance from its 52-week low. The 50-day simple moving average of the closing price is $0.4431 and its 200-day simple moving average is $3.7195. If we look at the stock’s price movements over the week, volatility stands at 10.64%, which increases to 15.14% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 43.00 to suggest the stock is neutral.
2 analysts observing the Grove Collaborative Holdings Inc. (GROV) stock have set the 12-month price targets for the company’s shares at between $1.00 and $10.00. The consensus objective for the share price is $3.00, suggesting that the stock has a potential upside of 85.67% over the period. The median price target is 92.18% away from the current levels at $5.50.
FactSet Research has provided data showing that 2 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 2 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Strong Buy the stock.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on November 17, 2022 when Canaccord Genuity initiated the stock to “Buy” and issued a price target of $2.
The current price level is -9.20%, -3.70%, and -88.62% away from its SMA20, SMA50, and SMA200 respectively, with the GROV price moving above the 50-day SMA on February 17. Grove Collaborative Holdings Inc. (GROV) stock is down -4.05% over the week and -22.86% over the past month. Its price is 7.42% year-to-date and -95.66% over the past year.
The company’s next earnings report is expected on 05/31/2023, with forecasts estimating quarterly EPS at -$0.09 and -$0.88 for whole year. Expected sales for next quarter are $78 million, which analysts say will come at $311.59 million for the current fiscal year and next year at $318.3 million. In addition, estimates put the company’s current quarterly revenue at an average of $66.95 million.
Its 12-month price target is $5.50. To reach the target analysts have set, the stock logically needs to grow 85.67 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $1.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $10.00.
Outstanding shares total 166.22M with insiders holding 30.49% of the shares and institutional holders owning 28.23% of the company’s common stock. The company has a return on investment of 33.40%. Price to book ratio is 2.86 and price to sales ratio is 0.22.
According to a U.S. Securities and Exchange Commission filing, Vanguard Extended Market Index Fu has added its position in Grove Collaborative Holdings Inc. (GROV) to 524,339 shares, mirroring a recent increase by 1.33%. Vanguard Extended Market Index Fu added 6882.0 shares of Grove Collaborative Holdings Inc. common stock bringing its total worth to about $0.24 million at the end of recent close, SEC documents show. Vanguard Extended Market Index Fu isn’t the only investment manager who changed stakes and is followed by Fidelity Extended Market Index Fu, which added 0.15 million shares to end up with 329,289 shares worth $0.15 million.
