Why You Need Grom Social Enterprises Inc. (GROM) On Your Watchlist

Grom Social Enterprises Inc. (NASDAQ:GROM) saw a downside of -18.25% to close Friday at $3.27 after subtracting -$0.73 on the day. The 5-day average trading volume is 26,386,801 shares of the company’s common stock. It has gained $6.73 in the past week and touched a new high 2 times within the past 5 days. An average of 6,824,545 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 2,962,754.

GROM’s 1-month performance is 13.94% or $0.40 on its low of $1.71 reached on 09/28/21. The company’s shares have touched a 52-week low of $1.00 and high of $19.50, with the stock’s rally to the 52-week high happening on 05/19/21. YTD, GROM has achieved 85.80% or $1.51 and has reached a new high 14 times. However, the current price is down -83.23%% from the 52-week high price.


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Valuation Metrics

Grom Social Enterprises Inc. (GROM) has a trailing price-to-earnings (P/E) ratio of 25.77 for the broader industry and 30.56 for the sector, meaning that investors are optimistic about the stock’s future prospects.GROM stock has a beta of 0.25. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 7.64 while the price-to-book (PB) in the most recent quarter is 1.03.

Grom Social Enterprises Inc.’s quick ratio for the recent quarter was 1.90, with the current ratio over the same period at 1.90 meaning that GROM stock is able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is 41.80%The trailing 12-month EBITDA margin is -33.45%. The firm’s gross profit as reported stood at $2.81 million against revenue of $6.16 million.

Earnings Surprise

Net income and sales went down compared to those figures reported in the previous quarter. EBITDA for the quarter stood at more than -$0.46 million. GROM stock balance sheet for the recent quarter shows that total liabilities totaled 5.92 million, with total debt at $2.37 million. Shareholders hold equity totaling $12.22 million

Technical Picture

Let’s look briefly at Grom Social Enterprises Inc. (GROM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 61.06% to suggest the stock is trending Neutral, with historical volatility in this time period at 372.50%.

The stock’s 5-day moving average is $2.87, reflecting a +69.43% or $1.34 change from its current price. GROM is currently trading +12.37% above its 20-day SMA, -46.22% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +12.76% and +155.47% respectively.

Stochastic %K and %D was 36.92% and 26.34% and the average true range (ATR) pointed at 0.89. The RSI (14) points at 58.36%, while the 14-day stochastic is at 31.08% with the period’s ATR at 0.69. The stock’s 9-day MACD Oscillator is pointing at 1.10 and 1.13 on the 14-day charts.

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