The stock of Grom Social Enterprises Inc. (NASDAQ:GROM) increased by increased by $1.01 on Friday to finish at $4.56, up 28.45 percent. The last five days have seen an average of 8,021,300 shares of common stock traded. 14 times new highs were reached in the current year, with a gain of $2.80. The average number of shares traded over the last 20 days was 20,884,871, while the average volume over the last 50 days totaled 8,581,588.
GROM stock appreciated 125.74% since last month. On 09/28/21, the company’s shares reached a one-month low of $1.71. The stock touched a high of $19.50 on 05/19/21, after rallying from a low of $1.00 in 52 weeks. The price of GROM stock has risen by 159.09% or $2.80 this year, reaching a new high 14 times. Still, the stock price is down -76.62% from the 52-week high.
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Beta for the stock is 0.20. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 6.78, the price-to-book (PB) ratio of 1.44.
For the recent quarter, Grom Social Enterprises Inc.’s quick ratio was 1.90, while its current ratio was 1.90, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the recent quarter is 0.02, and the total debt to equity ratio is 0.10. As far as profitability goes, gross margin for the trailing twelve months is 41.80% percent. Based on annual data, it had gross profit of $2.81 million and revenue of $6.16 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GROM’s return on assets (ROA) during the last 12 months has been -44.20%. There was a -36.90% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -71.90%. ROE has averaged 7.41 in the past year for the broader industry.
A lower net income was reported in the quarter under review than the previous quarter. EBITDA was -$0.46 million for the quarter. At the end of Grom Social Enterprises Inc.’s most recent quarter, its liabilities totaled 5.92 million, while its total debt was $2.72 million. Equity owned by shareholders amounts to $12.22 million.
Here’s a quick look at Grom Social Enterprises Inc.’s (GROM) price momentum from a technical perspective. As of 22 October, the RSI 9-day stood at 64.70%, suggesting the stock is Neutral, with a 151.17% historical volatility rate.
The stochastic %K and %D were 24.71% and 23.51% respectively, while the average true range (ATR) was 1.04. Based on the 14-day stochastic reading of 37.70%, the RSI (14) reading is 62.23%. On the 9-day MACD Oscillator, the stock is at -0.02, and the 14-day reading is at -0.18.
Analysts have assigned Grom Social Enterprises Inc. (GROM) an Buy rating. GROM is a stock that is recommended for selling by 0 brokerage firms, while 0 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 0 rates it overweight and 1 other recommend it as a buy.
What is GROM’s price target for the next 12 months?
The current consensus forecast for the stock is between $9.10 and $9.10, with a median target price of $9.10. In analyzing these forecasts, the average price target given by analysts for Grom Social Enterprises Inc. (GROM) is $9.10.