In the latest trading session, 0.77 million Harrow Inc (NASDAQ:HROW) shares changed hands as the company’s beta touched 0.50. With the company’s most recent per share price at $29.19 changing hands around $5.87 or 25.17% at last look, the market valuation stands at $1.04B. HROW’s current price is a discount, trading about -102.91% off its 52-week high of $59.23. The share price had its 52-week low at $9.30, which suggests the last value was 68.14% up since then. When we look at Harrow Inc’s average trading volume, we note the 10-day average is 0.49 million shares, with the 3-month average coming to 363.81K.
Analysts gave the Harrow Inc (HROW) 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 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 0 recommended HROW as a Hold, 4 felt it is a Buy and 0 rated the stock as Underweight. Harrow Inc’s EPS for the current quarter is expected to be 0.05.
Harrow Inc (NASDAQ:HROW) trade information
Instantly HROW is in green as seen in intraday trades today. With action 27.47%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -13.00%, with the 5-day performance at 27.47% in the green. However, in the 30-day time frame, Harrow Inc (NASDAQ:HROW) is -4.04% down. Looking at the short shares, we see there were 2.75 million shares sold at short interest cover period of 8.15 days.
The consensus price target for the stock as assigned by Wall Street analysts is 64, meaning bulls need an upside of 54.39% from its recent market value. According to analyst projections, HROW’s forecast low is 55 with 73 as the target high. To hit the forecast high, the stock’s price needs a -150.09% plunge from its current level, while the stock would need to soar -88.42% for it to hit the projected low.
Harrow Inc (HROW) estimates and forecasts
Year-over-year growth is forecast to reach 47.29% up from the last financial year.
Consensus estimates given by 4 financial analysts project the company’s revenue in the current quarter to hit an average of 59M. 4 analysts are of the opinion that Harrow Inc’s revenue for the current quarter will be 61.13M. The company’s revenue for the corresponding quarters a year ago was 36.35M and 34.59M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at 62.29%. The estimates for the next quarter sales put growth at 76.74%.
Harrow Inc (NASDAQ:HROW)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 13.49% of Harrow Inc shares while 59.11% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 68.32%. There are 59.11% institutions holding the Harrow Inc stock share, with OPALEYE MANAGEMENT INC. the top institutional holder. As of 2024-06-30, the company held 11.2019% of the shares, roughly 3.99 million HROW shares worth $83.35 million.
PRIVATE CAPITAL MANAGEMENT, LLC holds the second largest percentage of outstanding shares, with 7.6219% or 2.71 million shares worth $56.71 million as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Vanguard Total Stock Market Index Fund and iShares Russell 2000 ETF. With 978.49 shares estimated at $27.45 million under it, the former controlled 2.75% of total outstanding shares. On the other hand, iShares Russell 2000 ETF held about 2.33% of the shares, roughly 829.69 shares worth around $23.27 million.
