The 36-month beta value for GROV is at 0.94. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for GROV is 16.53M, and currently, shorts hold a 6.83% of that float. The average trading volume for GROV on June 17, 2024 was 75.83K shares.
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GROV) stock’s latest price update
Grove Collaborative Holdings Inc. (NYSE: GROV) has experienced a rise in its stock price by 9.32 compared to its previous closing price of 1.61. However, the company has seen a gain of 11.39% in its stock price over the last five trading days. seekingalpha.com reported 2024-05-18 that Grove Collaborative Holdings, Inc. (NYSE:GROV ) Q1 2024 Earnings Call Transcript May 14, 2024 5:00 PM ET Company Participants Jeff Yurcisin – CEO Sergio Cervantes – CFO Conference Call Participants Susan Anderson – Canaccord Genuity Dana Telsey – Telsey Advisory Group Operator Good afternoon, and thank you for standing by. Welcome to Grove Collaborative Holdings, Inc.’s First Quarter 2024 Earnings Conference Call.
GROV’s Market Performance
Grove Collaborative Holdings Inc. (GROV) has experienced a 11.39% rise in stock performance for the past week, with a 15.03% rise in the past month, and a -8.81% drop in the past quarter. The volatility ratio for the week is 8.08%, and the volatility levels for the past 30 days are at 7.33% for GROV. The simple moving average for the past 20 days is 12.57% for GROV’s stock, with a -8.72% simple moving average for the past 200 days.
Analysts’ Opinion of GROV
Many brokerage firms have already submitted their reports for GROV stocks, with Canaccord Genuity repeating the rating for GROV by listing it as a “Buy.” The predicted price for GROV in the upcoming period, according to Canaccord Genuity is $2 based on the research report published on November 17, 2022 of the previous year 2022.
Telsey Advisory Group, on the other hand, stated in their research note that they expect to see GROV reach a price target of $10. The rating they have provided for GROV stocks is “Outperform” according to the report published on June 27th, 2022.
GROV Trading at 11.08% from the 50-Day Moving Average
After a stumble in the market that brought GROV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -53.81% of loss for the given period.
Volatility was left at 7.33%, however, over the last 30 days, the volatility rate increased by 8.08%, as shares surge +18.12% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.76% upper at present.
During the last 5 trading sessions, GROV rose by +11.39%, which changed the moving average for the period of 200-days by -50.97% in comparison to the 20-day moving average, which settled at $1.5770. In addition, Grove Collaborative Holdings Inc. saw -0.56% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at GROV starting from Clark Christopher, who sale 6,485 shares at the price of $1.59 back on Jun 03 ’24. After this action, Clark Christopher now owns 118,829 shares of Grove Collaborative Holdings Inc., valued at $10,337 using the latest closing price.
Yurcisin Jeffrey Michael, the President & CEO of Grove Collaborative Holdings Inc., purchase 9,000 shares at $1.66 during a trade that took place back on May 31 ’24, which means that Yurcisin Jeffrey Michael is holding 52,923 shares at $14,940 based on the most recent closing price.
Stock Fundamentals for GROV
Current profitability levels for the company are sitting at:
- -0.09 for the present operating margin
- 0.54 for the gross margin
The net margin for Grove Collaborative Holdings Inc. stands at -0.14. The total capital return value is set at -0.2. Equity return is now at value -148.42, with -22.12 for asset returns.
Based on Grove Collaborative Holdings Inc. (GROV), the company’s capital structure generated 0.81 points at debt to capital in total, while cash flow to debt ratio is standing at -0.18. The debt to equity ratio resting at 4.24. The interest coverage ratio of the stock is -1.32.
Currently, EBITDA for the company is -25.63 million with net debt to EBITDA at -0.06. When we switch over and look at the enterprise to sales, we see a ratio of 0.28. The receivables turnover for the company is 241258000.0for trailing twelve months and the total asset turnover is 1.75. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.01.
Conclusion
In conclusion, Grove Collaborative Holdings Inc. (GROV) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
