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Groupon Inc (NASDAQ:GRPN) Shares Are Up 81.98% From The Lows, But Can They Stay Up?

In last trading session, Groupon Inc (NASDAQ:GRPN) saw 0.71 million shares changing hands with its beta currently measuring 1.64. Company’s recent per share price level of $16.04 trading at -$0.51 or -3.08% at ring of the bell on the day assigns it a market valuation of $624.44M. That closing price of GRPN’s stock is at a discount of -4.43% from its 52-week high price of $16.75 and is indicating a premium of 81.98% from its 52-week low price of $2.89. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.85 million shares which gives us an average trading volume of 1.11 million if we extend that period to 3-months.

Groupon Inc (NASDAQ:GRPN) trade information

Upright in the red during last session for losing -3.08%, in the last five days GRPN remained trading in the green while hitting it’s week-highest on Thursday, 02/08/24 when the stock touched $16.04 price level, adding 4.24% to its value on the day. Groupon Inc’s shares saw a change of 24.92% in year-to-date performance and have moved 14.37% in past 5-day. Groupon Inc (NASDAQ:GRPN) showed a performance of 22.16% in past 30-days. Number of shares sold short was 5.13 million shares which calculate 6.4 days to cover the short interests.

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Groupon Inc (GRPN) estimates and forecasts

Statistics highlight that Groupon Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company added 111.19% of value to its shares in past 6 months, showing an annual growth rate of 55.45% while that of industry is 23.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. The company is estimating its revenue growth to increase by 128.90% in the current quarter and calculating 87.70% increase in the next quarter. This year revenue growth is estimated to fall -14.70% from the last financial year’s standing.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $136.7 million for the same. And 3 analysts are in estimates of company making revenue of $119.53 million in the next quarter that will end on Mar 2024. Company posted $148.16 million and $121.61 million of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to shrink by -7.70% while estimating it to be -1.70% for the next quarter.

In 2024, company’s earnings growth rate is likely to be around 68.41% while estimates for its earnings growth in next 5 years are of 0.90%.

GRPN Dividends

Groupon Inc is more likely to be releasing its next quarterly report between March 14 and March 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.

Groupon Inc (NASDAQ:GRPN)’s Major holders

Insiders are in possession of 16.68% of company’s total shares while institution are holding 89.95 percent of that, with stock having share float percentage of 107.96%. Investors also watch the number of corporate investors in a company very closely, which is 89.95% institutions for Groupon Inc that are currently holding shares of the company. Pale Fire Capital Se is the top institutional holder at GRPN for having 6.72 million shares of worth $39.7 million. And as of Jun 29, 2023, it was holding 21.50% of the company’s outstanding shares.

The second largest institutional holder is Maple Rock Capital Partners, Inc., which was holding about 2.03 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 6.48% of outstanding shares, having a total worth of $11.97 million.

On the other hand, Vanguard Total Stock Market Index Fund and Schwab Strategic Tr-Schwab Fundamental U.S. Small Company Index ETF are the top two Mutual Funds which own company’s shares. As of Jun 29, 2023, the former fund manager was holding 0.7 million shares of worth $4.13 million or 2.24% of the total outstanding shares. The later fund manager was in possession of 0.36 million shares on May 30, 2023, making its stake of worth around $1.94 million in the company or a holder of 1.15% of company’s stock.

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