Grom Social Enterprises Inc. (NASDAQ:GROM) saw a downside of -16.60% to $0.24 after subtracting -$0.05on Wednesday. The 5-day average trading volume is 271,671 shares of the company’s common stock. It has gained $0.3200 in the past week and touched a new high 2 times within the past 5 days. An average of 240,083 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 300,227.
GROM’s 1-month performance is -22.59% or -$0.1160 on its low of $0.2242 reached on 08/23/23. The company’s shares have touched a 52-week low of $0.25 and high of $13.80, with the stock’s rally to the 52-week high happening on 01/24/23. YTD, GROM has lost -84.40% or -$1.2960 and has reached a new high 3 times. However, the current price is down -98.26% from the 52-week high price.
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Valuation Metrics
GROM stock has a beta of 0.61. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.41 while the price-to-book (PB) in the most recent quarter is 0.09.
Grom Social Enterprises Inc.’s quick ratio for the period ended June 29 was 1.20, with the current ratio over the same period at 1.30. In terms of profitability, the gross margin trailing 12 months is 36.80%. The trailing 12-month EBITDA margin is -118.80%. The firm’s gross profit as reported stood at $1.76 million against revenue of $5.43 million.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -37.5% to -$2.4 million, while revenue of -$2.33 million was 2.92% off the previous quarter. Analysts expected GROM to announce -$0.28 per share in earnings in its latest quarter, but it posted -$0.27, representing a 3.60% surprise. EBITDA for the quarter stood at more than -$2.12 million. GROM stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 3.75 million, with total debt at $1.45 million. Shareholders hold equity totaling $9.04 million.
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 22 August was 19.72% to suggest the stock is trending oversold, with historical volatility in this time period at 73.86%.
The stock’s 5-day moving average is $0.2832, reflecting a -20.78% or -$0.0640 change from its current price. GROM is currently trading -23.53% above its 20-day SMA, -61.15% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by -52.90% and SMA200 by-97.30%.
Stochastic %K and %D was 18.35% and 17.87% and the average true range (ATR) pointed at 0.0396. The RSI (14) points at 28.66%, while the 14-day stochastic is at 13.58% with the period’s ATR at 0.0393. The stock’s 9-day MACD Oscillator is pointing at -0.0241 and -0.0399 on the 14-day charts.
Analyst Ratings
Analysts offering their rating for GROM stock have a consensus rating for the stock as Buy. Currently, 0 brokerage advisors rate GROM as a “sell,”, while 0 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 1 have offered a “buy” rating.
What is GROM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $0.60 and a high of $0.60, with their median price target at $0.60. Looking at these predictions, the average price target given by analysts is for Grom Social Enterprises Inc. (GROM) stock is $0.60.
