In last trading session, Grove Collaborative Holdings Inc. (NYSE:GROV) saw 0.25 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $0.77 trading at -$0.04 or -5.49% at ring of the bell on the day assigns it a market valuation of $146.49M. That closing price of GROV’s stock is at a discount of -1523.38% from its 52-week high price of $12.50 and is indicating a premium of 9.09% from its 52-week low price of $0.70. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.43 million shares which gives us an average trading volume of 405.59K if we extend that period to 3-months.
For Grove Collaborative Holdings Inc. (GROV), analysts’ consensus is at an average recommendation of a Buy while assigning it a mean rating of 1.50. Splitting up the data highlights that, out of 2 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 2 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 in the current quarter.
Grove Collaborative Holdings Inc. (NYSE:GROV) trade information
Upright in the red during last session for losing -5.49%, in the last five days GROV remained trading in the red while hitting it’s week-highest on Thursday, 11/17/22 when the stock touched $0.77 price level, adding 35.29% to its value on the day. Grove Collaborative Holdings Inc.’s shares saw a change of -92.22% in year-to-date performance and have moved -32.02% in past 5-day. Grove Collaborative Holdings Inc. (NYSE:GROV) showed a performance of -48.79% in past 30-days. Number of shares sold short was 0.23 million shares which calculate 0.32 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $6.00 to the stock, which implies a rise of 87.17% to its current value. Analysts have been projecting $2.00 as a low price target for the stock while placing it at a high target of $10.00. It follows that stock’s current price would drop -1198.7% in reaching the projected high whereas dropping to the targeted low would mean a loss of -159.74% for stock’s current value.
Grove Collaborative Holdings Inc. is more likely to be releasing its next quarterly report on August 11 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.
Grove Collaborative Holdings Inc. (NYSE:GROV)’s Major holders
Insiders are in possession of 53.87% of company’s total shares while institution are holding 21.01 percent of that, with stock having share float percentage of 45.54%. Investors also watch the number of corporate investors in a company very closely, which is 21.01% institutions for Grove Collaborative Holdings Inc. that are currently holding shares of the company. Sculptor Capital Lp is the top institutional holder at GROV for having 9.64 million shares of worth $44.63 million. And as of Jun 29, 2022, it was holding 22.36% of the company’s outstanding shares.
The second largest institutional holder is StepStone Group LP, which was holding about 1.74 million shares on Jun 29, 2022. The number of shares represents firm’s hold over 4.05% of outstanding shares, having a total worth of $8.08 million.
On the other hand, Smallcap World Fund and Principal Global Multi Strategy Fd are the top two Mutual Funds which own company’s shares. As of Jun 29, 2022, the former fund manager was holding 0.75 million shares of worth $3.47 million or 1.74% of the total outstanding shares. The later fund manager was in possession of 15505.0 shares on May 30, 2022, making its stake of worth around $0.15 million in the company or a holder of 0.04% of company’s stock.