In the last trading session, 2.51 million shares of the Grove Collaborative Holdings Inc (NYSE:GROV) were traded, and its beta was 1.16. Most recently the company’s share price was $1.17, and it changed around -$0.02 or -1.68% from the last close, which brings the market valuation of the company to $47.09M. GROV currently trades at a discount to its 52-week high of $1.95, offering almost -66.67% off that amount. The share price’s 52-week low was $1.02, which indicates that the current value has risen by an impressive 12.82% since then. We note from Grove Collaborative Holdings Inc’s average daily trading volume that its 10-day average is 0.34 million shares, with the 3-month average coming to 86.40K.
Grove Collaborative Holdings Inc stock received a consensus recommendation rating of Buy, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 1 recommended GROV as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Grove Collaborative Holdings Inc is expected to report earnings per share of -0.09 for the current quarter.
Grove Collaborative Holdings Inc (NYSE:GROV) trade information
Instantly GROV has showed a red trend with a performance of -1.68% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 1.2300 on recent trading dayincreased the stock’s daily price by 4.88%. The company’s shares are currently down -36.41% year-to-date, but still up 1.74% over the last five days. On the other hand, Grove Collaborative Holdings Inc (NYSE:GROV) is -13.33% down in the 30-day period. We can see from the shorts that 1.61 million shares have been sold at a short interest cover period of 13.42 day(s).
The consensus price target as assigned by Wall Street analysts is $1.2, which translates to bulls needing to increase their stock price by 2.5% from its current value. Analyst projections state that GROV is forecast to be at a low of $1.2 and a high of $1.2.
Grove Collaborative Holdings Inc (GROV) estimates and forecasts
The year-over-year growth rate is expected to be -9.57%, down from the previous year.
Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 44.43M in revenue for the current quarter. 2 analysts expect Grove Collaborative Holdings Inc to make 45.77M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 52.1M and 48.28M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -14.72%. Forecasts for the next quarter put sales growth at -5.21%.
GROV Dividends
Grove Collaborative Holdings Inc’s next quarterly earnings report is expected to be released on 2025-May-14.
Grove Collaborative Holdings Inc (NYSE:GROV)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 28.79% of Grove Collaborative Holdings Inc shares, and 33.67% of them are in the hands of institutional investors. The stock currently has a share float of 47.28%. Grove Collaborative Holdings Inc stock is held by 35.0 institutions, with NVP ASSOCIATES, LLC being the largest institutional investor. By 2024-06-30, it held 8.0056% of the shares, which is about 2.94 million shares worth $5.21 million.
MORGAN STANLEY, with 7.3472% or 2.7 million shares worth $4.78 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
