With 0.66 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.27 million shares. During the session, the Internet Content & Information company that operates in wider Communication Services sector, reached to the highest price of $0.3900 whereas the lowest price it dropped to was $0.3405. The 52-week range on GROM shows that it touched its highest point at $23.70 and its lowest point at $0.34 during that stretch. It currently has a 1-year price target of $45.00. Beta for the stock currently stands at 0.63.
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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 down-trending over the past week, with a drop of -15.52%, but this was down by -33.92% over a month. Three-month performance dropped to -63.75% while six-month performance fell -93.14%. The stock lost -97.99% in the past year, while it has lost -77.27% so far this year. A look at the trailing 12-month EPS for GROM yields -22.99 with Next year EPS estimates of -0.46. For the next quarter, that number is -0.49. This implies an EPS growth rate of 34.40% for this year and 61.70% for next year.
Float and Shares Shorts:
At present, 7.29 million GROM shares are outstanding with a float of 0.96 million shares on hand for trading. On Apr 27, 2023, short shares totaled 0.19 million, which was 2.56% higher than short shares on Mar 30, 2023. In addition to Mr. Darren M. Marks as the firm’s Pres, CEO & Chairman, Mr. Jason A. Williams serves as its CFO, Sec. & Treasurer.
Through their ownership of 3.90% of GROM’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 5.64% of GROM, in contrast to 1.47% held by mutual funds. Shares owned by individuals account for 0.10%. As the largest shareholder in GROM with 4.28% of the stake, Hudson Bay Capital Management LP holds 312,000 shares worth 312,000. A second-largest stockholder of GROM, Kepos Capital LP, holds 50,000 shares, controlling over 0.69% of the firm’s shares. Monograph Wealth Advisors LLC is the third largest shareholder in GROM, holding 44,387 shares or 0.61% stake. With a 0.05% stake in GROM, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 3,532 shares are owned by the mutual fund manager. The Fidelity Extended Market Index Fu, which owns about 0.03% of GROM stock, is the second-largest Mutual Fund holder. It holds 1,928 shares valued at 881.0. Fidelity Nasdaq Composite Index F holds 0.02% of the stake in GROM, owning 1,101 shares worth 503.0.
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 Mar 30, 2023, 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.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GROM since 0 analysts follow the stock currently. 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 $0.60 and a low target of $0.60, the average target price over the next 12 months is $0.60. Based on these targets, GROM could surge 71.43% to reach the target high and rise by 71.43% to reach the target low. Reaching the average price target will result in a growth of 71.43% 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.
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.