You might want to take a look at Grove Collaborative Holdings Inc. (GROV) now

Grove Collaborative Holdings Inc. (NYSE: GROV) stock jumped 1.89% on Thursday to $0.54 against a previous-day closing price of $0.53. With 0.56 million shares changed hands, the volume of the stock remained lighter than its average volume of 0.59 million shares. During the session, the Household & Personal Products company that operates in wider Consumer Defensive sector, reached to the highest price of $0.5668 whereas the lowest price it dropped to was $0.4820. The 52-week range on GROV shows that it touched its highest point at $12.50 and its lowest point at $0.18 during that stretch. It currently has a 1-year price target of $2.00.

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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 GROV was up-trending over the past week, with a rise of 18.68%, but this was up by 20.00% over a month. Three-month performance surged to 22.73% while six-month performance fell -33.56%. The stock lost -94.56% in the past year, while it has gained 35.34% so far this year. A look at the trailing 12-month EPS for GROV yields -0.31 with Next year EPS estimates of -0.09. For the next quarter, that number is -0.06. This implies an EPS growth rate of 40.90% for this year and 60.90% for next year.

Float and Shares Shorts:

At present, 168.74 million GROV shares are outstanding with a float of 60.04 million shares on hand for trading. On May 14, 2023, short shares totaled 1.06 million, which was 0.60% higher than short shares on Apr 13, 2023. In addition to Mr. Stuart Landesberg as the firm’s Co-Founder, Pres, CEO & Director, Mr. Sergio Cervantes serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 27.23% of GROV’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 39.53% of GROV, in contrast to 11.11% held by mutual funds. Shares owned by individuals account for 1.01%. As the largest shareholder in GROV with 4.63% of the stake, Sculptor Capital LP holds 5,964,000 shares worth 5,964,000. A second-largest stockholder of GROV, Yorkville Advisors Global LP, holds 4,577,282 shares, controlling over 3.56% of the firm’s shares. Inherent Group LP is the third largest shareholder in GROV, holding 2,006,556 shares or 1.56% stake. With a 0.41% stake in GROV, the Vanguard Extended Market Index Fu is the largest stakeholder. A total of 524,339 shares are owned by the mutual fund manager. The Fidelity Extended Market Index Fu, which owns about 0.26% of GROV stock, is the second-largest Mutual Fund holder. It holds 329,289 shares valued at 0.16 million. Fidelity Total Market Index Fund holds 0.12% of the stake in GROV, owning 150,178 shares worth 73587.0.

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, GROV reported revenue of $79.28M and operating income of -$42.76M. The EBITDA in the recently reported quarter was -$51.55M and diluted EPS was -$1.06.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for GROV 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 GROV analysts setting a high price target of $2.00 and a low target of $1.00, the average target price over the next 12 months is $1.50. Based on these targets, GROV could surge 270.37% to reach the target high and rise by 85.19% to reach the target low. Reaching the average price target will result in a growth of 177.78% 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 GROV stock several times over the past three months with 4 Buys and 3 Sells. In these transactions, 409,609 shares were bought while 150,000 shares were sold. The number of buy transactions has increased to 48 while that of sell transactions has risen to 80 over the past year. The total number of shares bought during that period was 28,991,837 while 2,988,265 shares were sold.

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