Grom Social Enterprises Inc. (NASDAQ: GROM) stock jumped 44.14% on Tuesday to $3.20 against a previous-day closing price of $2.22. With 71.85 million shares changed hands, the volume of the stock remained heavier than its average volume of 2.46 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $3.7700 whereas the lowest price it dropped to was $2.5600. The 52-week range on GROM shows that it touched its highest point at $51.49 and its lowest point at $1.11 during that stretch. It currently has a 1-year price target of $45.00. Beta for the stock currently stands at 0.45.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of GROM was up-trending over the past week, with a rise of 109.15%, but this was up by 111.92% over a month. Three-month performance dropped to -65.94% while six-month performance fell -73.72%. The stock lost -94.07% in the past year, while it has gained 107.79% so far this year. A look at the trailing 12-month EPS for GROM yields -24.16 with Next year EPS estimates of -7.80. For the next quarter, that number is -2.10. This implies an EPS growth rate of -10.00% for this year and 52.70% for next year.
Float and Shares Shorts:
At present, 2.18 million GROM shares are outstanding with a float of 1.95 million shares on hand for trading. On Dec 29, 2022, short shares totaled 0.41 million, which was 18.78% higher than short shares on Nov 29, 2022. In addition to Mr. Darren M. Marks as the firm’s Pres, CEO & Chairman, Mr. Jason A. Williams serves as its CFO, Sec. & Treasurer.
Institutional Ownership:
Through their ownership of 20.83% of GROM’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 5.56% of GROM, in contrast to 2.30% held by mutual funds. Shares owned by individuals account for 15.45%. As the largest shareholder in GROM with 2.12% of the stake, Thrivent Trust Co. holds 16,103 shares worth 16,103. A second-largest stockholder of GROM, Geode Capital Management LLC, holds 13,908 shares, controlling over 1.83% of the firm’s shares. Weaver Consulting Group LLC is the third largest shareholder in GROM, holding 10,751 shares or 1.42% stake. With a 1.37% stake in GROM, the Fidelity Nasdaq Composite Index E is the largest stakeholder. A total of 10,429 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.47% of GROM stock, is the second-largest Mutual Fund holder. It holds 3,532 shares valued at 5439.0. Fidelity Extended Market Index Fu holds 0.25% of the stake in GROM, owning 1,927 shares worth 2968.0.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Sep 29, 2022, GROM reported revenue of $1.14M and operating income of -$1.95M. The EBITDA in the recently reported quarter was -$1.64M and diluted EPS was -$5.10.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GROM since 1 analysts follow the stock currently. There are 1 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With GROM analysts setting a high price target of $1.50 and a low target of $1.50, the average target price over the next 12 months is $1.50. Based on these targets, GROM could drop -53.12% to reach the target high and fall by -53.12% to reach the target low. Reaching the average price target will result in a decline of -53.12% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.. Analysts have provided yearly estimates in a range of -$0.55 being high and -$0.55 being low. For GROM, this leads to a yearly average estimate of -$0.55. The surprise factor in the prior quarter was -$0.07. Based on analyst estimates, the high estimate for the next quarter is -$0.07 and the low estimate is -$0.07. The average estimate for the next quarter is thus -$0.07.
Summary of Insider Activity:
Insiders traded GROM stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has remained unchanged to 0 while that of sell transactions has remained unmoved to 0 over the past year. The total number of shares bought during that period was 0 while 0 shares were sold.
