The stock of Grove Collaborative Holdings Inc. (NYSE:GROV) increased by $0.59 on Tuesday to $2.78, up 26.94 percent. The last five days have seen an average of 734,682 shares of common stock traded. 4 times new highs were reached in the current year, with a gain of $0.76. The average number of shares traded over the last 20 days was 259,395, while the average volume over the last 50 days totaled 267,691.
GROV stock appreciated 42.56% since last month. On 08/01/23, the company’s shares reached a one-month low of $1.78. The stock touched a high of $35.70 on 02/07/23, after rallying from a low of $0.91 in 52 weeks. The price of GROV stock has risen by 39.35% or $0.76 this year, reaching a new high 4 times. Still, the stock price is down -92.21% from the 52-week high.
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Insider Transactions
GROV stock investors should be aware that Grove Collaborative Holdings Inc. (GROV) stock had its last reported insider trading activity 32 days ago on Jul 14. On Jul 14, 10% Owner MAYFIELD XV, A CAYMAN ISLANDS sold 930,000 shares at $1.60 each. This transaction resulted in the insider making $1,488,000. On Jun 09, REPLOGLE JOHN B added 60,242 shares at a price of US$1.72. After the transaction, the insider now owns 298,746 shares. President & CEO Landesberg Stuart had earlier bought 3,636 shares on Jun 09 for $1.68 a share. The transaction was completed for $6,118.
Valuation Metrics
Beta for the stock is 0.65. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.34, the price-to-book (PB) ratio of 3.39.
Financial Health
For the three months ended March 30, Grove Collaborative Holdings Inc.’s quick ratio was 2.30, while its current ratio was 3.30, indicating its ability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending March 30 is 2.49, and the total debt to equity ratio is 2.50. As far as profitability goes, gross margin for the trailing twelve months is 49.30% percent. Grove Collaborative Holdings Inc.’s EBITDA margin for the year ended March 30 was -42.07%, whereas its operating margin stood at -37.00% for the same period. Based on annual data, it had gross profit of $154.65 million and revenue of $321.53 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. GROV’s return on assets (ROA) during the last 12 months has been -27.60%. There was a -166.10% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -301.70%.
Earnings Surprise
According to Grove Collaborative Holdings Inc.’s quarterly financial report for the quarter that ended March 30. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $71.57 million, while revenues rose by 100.0% to $164.52 million. It was predicted that Grove Collaborative Holdings Inc.’s quarterly earnings would be -$0.4, but it ended up being -$0.4. EBITDA was -$12.21 million for the quarter. At the end of Grove Collaborative Holdings Inc.’s most recent quarter ended March 30, its liabilities totaled 137.88 million, while its total debt was $88.38 million. Equity owned by shareholders amounts to $35.75 million.
Technical Picture
Here’s a quick look at Grove Collaborative Holdings Inc.’s (GROV) price momentum from a technical perspective. As of 14 August, the RSI 9-day stood at 84.16%, suggesting the stock is Overbought, with a 112.18% historical volatility rate.
The stochastic %K and %D were 76.13% and 79.78% respectively, while the average true range (ATR) was 0.22. Based on the 14-day stochastic reading of 73.48%, the RSI (14) reading is 76.42%. On the 9-day MACD Oscillator, the stock is at 0.21, and the 14-day reading is at 0.30.
Analyst Ratings
In its analyst report released on November 17, 2022, Canaccord Genuity began covering Grove Collaborative Holdings Inc. (NYSE: GROV). The stock was rated as a Buy by the brokerage firm.
