In the last trading session, 3.31 million Groupon Inc (NASDAQ:GRPN) shares changed hands as the company’s beta touched 1.78. With the company’s per share price at $11.32 changed hands at -$0.44 or -3.74% during last session, the market valuation stood at $449.88M. GRPN’s last price was a discount, traded about -72.79% off its 52-week high of $19.56. The share price had its 52-week low at $8.52, which suggests the last value was 24.73% up since then. When we look at Groupon Inc’s average trading volume, we note the 10-day average is 1.32 million shares, with the 3-month average coming to 1.18 million.
Analysts gave the Groupon Inc (GRPN) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.00. If we narrow down to specifics, the data shows that 0 out of 3 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 1 recommended GRPN as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Groupon Inc’s EPS for the current quarter is expected to be -0.16.
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Groupon Inc (NASDAQ:GRPN) trade information
Instantly GRPN was in red as seen at the end of in last trading. With action 5.60%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -11.84%, with the 5-day performance at 5.60% in the green. However, in the 30-day time frame, Groupon Inc (NASDAQ:GRPN) is 16.70% up. Looking at the short shares, we see there were 9.26 million shares sold at short interest cover period of 6.36 days.
The consensus price target for the stock as assigned by Wall Street analysts is 29.5, meaning bulls need an upside of 61.63% from its current market value. According to analyst projections, GRPN’s forecast low is 12 with 30 as the target high. To hit the forecast high, the stock’s price needs a -165.02% plunge from its current level, while the stock would need to soar -6.01% for it to hit the projected low.
Groupon Inc (GRPN) estimates and forecasts
Data shows that the Groupon Inc share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -32.98% over the past 6 months, a -36.54% in annual growth rate that is considerably lower than the industry average of 12.90%. Year-over-year growth is forecast to reach -1.40% down from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 117.89M. 3 analysts are of the opinion that Groupon Inc’s revenue for the current quarter will be 141.93M. The company’s revenue for the corresponding quarters a year ago was 129.64M and 137.72M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -9.10%. The estimates for the next quarter sales put growth at 3.10%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -35.30%. The 2024 estimates are for Groupon Inc earnings to increase by 109.62%, but the outlook for the next 5-year period is at 8.48% per year.
GRPN Dividends
Groupon Inc is expected to release its next quarterly earnings report in December.
Groupon Inc (NASDAQ:GRPN)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 13.74% of Groupon Inc shares while 75.58% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 87.61%. There are 75.58% institutions holding the Groupon Inc stock share, with PALE FIRE CAPITAL SE the top institutional holder. As of 2024-06-30, the company held 26.9984% of the shares, roughly 10.18 million GRPN shares worth $155.77 million.
DIVISADERO STREET CAPITAL MANAGEMENT, LP holds the second largest percentage of outstanding shares, with 9.111% or 3.44 million shares worth $52.57 million as of 2024-06-30.