HROW has 36-month beta value of 0.75. Analysts have mixed views on the stock, with 3 analysts rating it as a “buy,” 1 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for HROW is 30.34M, and currently, short sellers hold a 13.45% ratio of that float. The average trading volume of HROW on October 11, 2024 was 558.66K shares.
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HROW) stock’s latest price update
The stock of Harrow Inc (NASDAQ: HROW) has decreased by -2.59 when compared to last closing price of 50.99. Despite this, the company has experienced a -0.16% fall in its stock price over the last five trading sessions. zacks.com reported 2024-10-04 that Harrow (HROW) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
HROW’s Market Performance
Harrow Inc (HROW) has experienced a -0.16% fall in stock performance for the past week, with a 20.06% rise in the past month, and a 110.38% rise in the past quarter. The volatility ratio for the week is 3.84%, and the volatility levels for the past 30 days are at 5.18% for HROW. The simple moving average for the past 20 days is 6.78% for HROW’s stock, with a 136.93% simple moving average for the past 200 days.
Analysts’ Opinion of HROW
Many brokerage firms have already submitted their reports for HROW stocks, with Craig Hallum repeating the rating for HROW by listing it as a “Buy.” The predicted price for HROW in the upcoming period, according to Craig Hallum is $24 based on the research report published on April 11, 2024 of the current year 2024.
B. Riley Securities, on the other hand, stated in their research note that they expect to see HROW reach a price target of $17. The rating they have provided for HROW stocks is “Buy” according to the report published on September 08th, 2022.
B. Riley Securities gave a rating of “Buy” to HROW, setting the target price at $16 in the report published on October 14th of the previous year.
HROW Trading at 22.06% from the 50-Day Moving Average
After a stumble in the market that brought HROW to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -4.48% of loss for the given period.
Volatility was left at 5.18%, however, over the last 30 days, the volatility rate increased by 3.84%, as shares surge +18.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +92.67% upper at present.
During the last 5 trading sessions, HROW fell by -0.16%, which changed the moving average for the period of 200-days by +369.91% in comparison to the 20-day moving average, which settled at $46.52. In addition, Harrow Inc saw 343.48% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at HROW starting from Opaleye Management Inc., who purchase 20,000 shares at the price of $9.97 back on Apr 25 ’24. After this action, Opaleye Management Inc. now owns 3,815,000 shares of Harrow Inc, valued at $199,400 using the latest closing price.
Opaleye Management Inc., the 10% Owner of Harrow Inc, purchase 11,715 shares at $10.29 during a trade that took place back on Apr 23 ’24, which means that Opaleye Management Inc. is holding 3,786,715 shares at $120,547 based on the most recent closing price.
Stock Fundamentals for HROW
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.71 for the gross margin
The net margin for Harrow Inc stands at -0.22. The total capital return value is set at -0.03. Equity return is now at value -83.44, with -12.67 for asset returns.
Based on Harrow Inc (HROW), the company’s capital structure generated 0.76 points at debt to capital in total, while cash flow to debt ratio is standing at 0.0. The debt to equity ratio resting at 3.2. The interest coverage ratio of the stock is -0.37.
Currently, EBITDA for the company is 12.92 million with net debt to EBITDA at 108.95. When we switch over and look at the enterprise to sales, we see a ratio of 12.22. The receivables turnover for the company is 2.95for trailing twelve months and the total asset turnover is 0.5. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.59.
Conclusion
To put it simply, Harrow Inc (HROW) has had a better performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
