In last trading session, Grom Social Enterprises Inc. (NASDAQ:GROM) saw 0.25 million shares changing hands with its beta currently measuring 0.67. Company’s recent per share price level of $0.18 trading at $0.01 or 5.65% at ring of the bell on the day assigns it a market valuation of $4.00M. That closing price of GROM’s stock is at a discount of -1661.11% from its 52-week high price of $3.17 and is indicating a premium of 22.22% from its 52-week low price of $0.14. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.67 million shares which gives us an average trading volume of 351.48K if we extend that period to 3-months.
For Grom Social Enterprises Inc. (GROM), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 1 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 1 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -$0.1 in the current quarter.
Grom Social Enterprises Inc. (NASDAQ:GROM) trade information
Upright in the green during last session for gaining 5.65%, in the last five days GROM remained trading in the green while hitting it’s week-highest on Wednesday, 11/23/22 when the stock touched $0.18 price level, adding 2.7% to its value on the day. Grom Social Enterprises Inc.’s shares saw a change of -90.02% in year-to-date performance and have moved 3.34% in past 5-day. Grom Social Enterprises Inc. (NASDAQ:GROM) showed a performance of -43.16% in past 30-days. Number of shares sold short was 0.3 million shares which calculate 0.84 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $1.50 to the stock, which implies a rise of 88.0% to its current value. Analysts have been projecting $1.50 as a low price target for the stock while placing it at a high target of $1.50. It follows that stock’s current price would drop -733.33% in reaching the projected high whereas dropping to the targeted low would mean a loss of -733.33% for stock’s current value.
Grom Social Enterprises Inc. (GROM) estimates and forecasts
This year revenue growth is estimated to rise 6.10% from the last financial year’s standing.
1 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $1.87 million for the same. And 1 analysts are in estimates of company making revenue of $1.87 million in the next quarter that will end on Dec 2022.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 20.70% during past 5 years.
Grom Social Enterprises Inc. is more likely to be releasing its next quarterly report on May 18 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Grom Social Enterprises Inc. (NASDAQ:GROM)’s Major holders
Insiders are in possession of 8.25% of company’s total shares while institution are holding 7.36 percent of that, with stock having share float percentage of 8.02%. Investors also watch the number of corporate investors in a company very closely, which is 7.36% institutions for Grom Social Enterprises Inc. that are currently holding shares of the company. Geode Capital Management, LLC is the top institutional holder at GROM for having 0.4 million shares of worth $0.16 million. And as of Jun 29, 2022, it was holding 6.65% of the company’s outstanding shares.
The second largest institutional holder is Vanguard Group, Inc. (The), which was holding about 0.24 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 4.00% of outstanding shares, having a total worth of $98712.0.
On the other hand, Fidelity NASDAQ Composite Index ETF and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Sep 29, 2022, the former fund manager was holding 0.31 million shares of worth $0.1 million or 5.09% of the total outstanding shares. The later fund manager was in possession of 0.13 million shares on Jun 29, 2022, making its stake of worth around $54731.0 in the company or a holder of 2.22% of company’s stock.