Grom Social Enterprises Inc. (NASDAQ:GROM) has a beta value of 0.45 and has seen 11.14 million shares traded in the last trading session. The company, currently valued at $4.51M, closed the last trade at $2.22 per share which meant it gained $0.5 on the day or 29.07% during that session. The GROM stock price is -2508.11% off its 52-week high price of $57.90 and 50.0% above the 52-week low of $1.11. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.82 million shares traded. The 3-month trading volume is 1.11 million shares.
The consensus among analysts is that Grom Social Enterprises Inc. (GROM) is a Buy stock at the moment, with a recommendation rating of 2.00. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 1 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -$0.1.
Grom Social Enterprises Inc. (NASDAQ:GROM) trade information
Sporting 29.07% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on Monday, 01/23/23 when the GROM stock price touched $2.22 or saw a rise of 4.72%. Year-to-date, Grom Social Enterprises Inc. shares have moved 44.16%, while the 5-day performance has seen it change 38.75%. Over the past 30 days, the shares of Grom Social Enterprises Inc. (NASDAQ:GROM) have changed 88.14%. Short interest in the company has seen 0.3 million shares shorted with days to cover at 0.84.
Wall Street analysts have a consensus price target for the stock at $1.50, which means that the shares’ value could drop -48.0% from current levels. The projected low price target is $1.50 while the price target rests at a high of $1.50. In that case, then, we find that the current price level is 32.43% off the targeted high while a plunge would see the stock lose 32.43% from current levels.
Grom Social Enterprises Inc. (GROM) estimates and forecasts
The company’s shares have lost -82.66% over the past 6 months. Revenue growth from the last financial year stood is estimated to be 6.10%.
1 analysts offering their estimates for the company have set an average revenue estimate of $1.87 million for the current quarter. 1 have an estimated revenue figure of $1.87 million for the next quarter concluding in Dec 2022.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 20.70% over the past 5 years.
Grom Social Enterprises Inc. is expected to release its next earnings report on May 18 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Grom Social Enterprises Inc. (NASDAQ:GROM)’s Major holders
Insiders own 8.25% of the company shares, while shares held by institutions stand at 7.36% with a share float percentage of 8.02%. Investors are also buoyed by the number of investors in a company, with Grom Social Enterprises Inc. having a total of 22 institutions that hold shares in the company. The top two institutional holders are Geode Capital Management, LLC with over 0.4 million shares worth more than $0.16 million. As of Jun 29, 2022, Geode Capital Management, LLC held 6.65% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 0.24 million shares as of Jun 29, 2022. The firm’s total holdings are worth over $98712.0 and represent 4.00% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Fidelity NASDAQ Composite Index ETF and Vanguard Total Stock Market Index Fund. As of Sep 29, 2022, the former fund manager holds about 5.09% shares in the company for having 0.31 million shares of worth $0.1 million while later fund manager owns 0.13 million shares of worth $54731.0 as of Jun 29, 2022, which makes it owner of about 2.22% of company’s outstanding stock.