The stock of Harrow Inc (HROW) has seen a -9.07% decrease in the past week, with a -17.22% drop in the past month, and a 16.60% flourish in the past quarter. The volatility ratio for the week is 6.89%, and the volatility levels for the past 30 days are at 5.75% for HROW. The simple moving average for the last 20 days is -9.15% for HROW’s stock, with a simple moving average of 74.47% for the last 200 days.
Is It Worth Investing in Harrow Inc (NASDAQ: HROW) Right Now?
The 36-month beta value for HROW is at 0.75. Analysts have varying views on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for HROW is 30.34M, and currently, shorts hold a 8.51% of that float. The average trading volume for HROW on November 14, 2024 was 517.48K shares.
HROW) stock’s latest price update
Harrow Inc (NASDAQ: HROW)’s stock price has dropped by -12.39 in relation to previous closing price of 51.80. Nevertheless, the company has seen a loss of -9.07% in its stock price over the last five trading days. zacks.com reported 2024-11-13 that Harrow (HROW) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.05. This compares to loss of $0.09 per share a year ago.
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 -5.35% 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 -23.38% of loss for the given period.
Volatility was left at 5.75%, however, over the last 30 days, the volatility rate increased by 6.89%, as shares sank -21.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +10.41% upper at present.
During the last 5 trading sessions, HROW fell by -11.42%, which changed the moving average for the period of 200-days by +363.90% in comparison to the 20-day moving average, which settled at $49.89. In addition, Harrow Inc saw 305.20% 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 3.17. The interest coverage ratio of the stock is -0.37.
Currently, EBITDA for the company is 9.72 million with net debt to EBITDA at 53.3. When we switch over and look at the enterprise to sales, we see a ratio of 11.41. 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
In conclusion, Harrow Inc (HROW) has had a mixed performance lately. Opinion on the stock among analysts is bullish, 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.
