Harrow Inc (NASDAQ:HROW) Surging 272.83% In 6 Months – Here’s What To Expect

Harrow Inc (NASDAQ:HROW)’s traded shares stood at 0.79 million during the last session, with the company’s beta value hitting 0.75. At the close of trading, the stock’s price was $50.37, to imply an increase of 1.25% or $0.62 in intraday trading. The HROW share’s 52-week high remains $51.56, putting it -2.36% down since that peak but still an impressive 84.91% since price per share fell to its 52-week low of $7.60. The company has a valuation of $1.79B, with an average of 0.44 million shares in intraday trading volume over the past 10 days and average of 548.77K shares over the past 3 months.

Analysts have given a consensus recommendation of Buy for Harrow Inc (HROW), translating to a mean rating of 1.00. Of 4 analyst(s) looking at the stock, 0 analyst(s) give HROW a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 4 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.04.

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Harrow Inc (NASDAQ:HROW) trade information

After registering a 1.25% upside in the last session, Harrow Inc (HROW) has traded red over the past five days. The 5-day price performance for the stock is 14.30%, and 25.80% over 30 days. With these gigs, the year-to-date price performance is 349.73%. Short interest in Harrow Inc (NASDAQ:HROW) saw shorts transact 4.25 million shares and set a 7.3 days time to cover.

The extremes give us $25 and $55 for target low and target high price respectively. As such, HROW has been trading -9.19% off suggested target high and 50.37% from its likely low.

Harrow Inc (HROW) estimates and forecasts

Looking at statistics comparing Harrow Inc share performance against respective industry, we note that the company has outperformed competitors. Harrow Inc (HROW) shares are 272.83% up over the last 6 months, with its year-to-date growth rate higher than industry average at 78.79% against 19.40%. Revenue is forecast to grow 69.20% this quarter before jumping 120.00% for the next one. The rating firms project that company’s revenue will grow 49.50% compared to the previous financial year.

Revenue forecast for the current quarter as set by 4 analysts is 53.46M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 57.68M.

HROW Dividends

Harrow Inc has its next earnings report out on 2024-Nov-11. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.

Harrow Inc (NASDAQ:HROW)’s Major holders

Harrow Inc insiders hold 14.16% of total outstanding shares, with institutional holders owning 54.41% of the shares at 63.39% float percentage. In total, 54.41% institutions holds shares in the company, led by OPALEYE MANAGEMENT INC.. As of 2024-06-30, the company held over 3.99 million shares (or 11.2491% of shares), all amounting to roughly $83.35 million.

The next major institution holding the largest number of shares is PRIVATE CAPITAL MANAGEMENT, LLC with 2.71 million shares, or about 7.654% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $56.71 million.