In the last trading session, 1.1 million shares of the Harrow Inc (NASDAQ:HROW) were traded, and its beta was 0.72. Most recently the company’s share price was $37.97, and it changed around -$1.04 or -2.67% from the last close, which brings the market valuation of the company to $1.23B. HROW currently trades at a discount to its 52-week high of $59.23, offering almost -55.99% off that amount. The share price’s 52-week low was $8.01, which indicates that the current value has risen by an impressive 78.9% since then. We note from Harrow Inc’s average daily trading volume that its 10-day average is 0.82 million shares, with the 3-month average coming to 556.38K.

Harrow Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 5 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended HROW as a Hold, whereas 4 deemed it a Buy, and 0 rated it as Underweight. Harrow Inc is expected to report earnings per share of 0.08 for the current quarter.

Harrow Inc (NASDAQ:HROW) trade information

Instantly HROW has showed a red trend with a performance of -2.67% at the end of last trading. The performance over the last five days has remained in the red territory. The rise to weekly highs of 54.19 on recent trading dayincreased the stock’s daily price by 29.93%. The company’s shares are currently up 239.02% year-to-date, but still down -27.01% over the last five days. On the other hand, Harrow Inc (NASDAQ:HROW) is -33.94% down in the 30-day period. We can see from the shorts that 2.58 million shares have been sold at a short interest cover period of 4.56 day(s).

The consensus price target as assigned by Wall Street analysts is $50, which translates to bulls needing to increase their stock price by 24.06% from its current value. Analyst projections state that HROW is forecast to be at a low of $25 and a high of $73.

Harrow Inc (HROW) estimates and forecasts

Harrow Inc share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 126.15 percent over the past six months and at a 113.64% annual growth rate that is well above the industry average of 15.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 140.00% in revenue this quarter, and will report an increase of 146.43% in the next quarter. The year-over-year growth rate is expected to be 47.13%, up from the previous year.

Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 58.79M in revenue for the current quarter. 2 analysts expect Harrow Inc to make 58.48M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 36.35M and 34.59M respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 61.72%. Forecasts for the next quarter put sales growth at 69.08%.

Harrow Inc earnings are expected to increase by 36.00% in 2024, but the outlook is positive 15.00% per year for the next five years.

HROW Dividends

Harrow Inc’s next quarterly earnings report is expected to be released in December.

Harrow Inc (NASDAQ:HROW)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 14.11% of Harrow Inc shares, and 59.27% of them are in the hands of institutional investors. The stock currently has a share float of 69.01%. Harrow Inc stock is held by 213.0 institutions, with OPALEYE MANAGEMENT INC. being the largest institutional investor. By 2024-06-30, it held 11.2491% of the shares, which is about 3.99 million shares worth $83.35 million.

PRIVATE CAPITAL MANAGEMENT, LLC, with 7.654% or 2.71 million shares worth $56.71 million as of 2024-06-30, holds the second largest percentage of outstanding shares.