The stock of Grom Social Enterprises Inc. (NASDAQ:GROM) increased by $0.04 on Tuesday to finish at $0.27, up 15.25 percent. The last five days have seen an average of 1,254,000 shares of common stock traded. 3 times new highs were reached in the current year, with a fall of -$1.2747. The average number of shares traded over the last 20 days was 455,920, while the average volume over the last 50 days totaled 349,080.
GROM stock dropped -12.44% since last month. On 08/28/23, the company’s shares reached a one-month low of $0.2050. The stock touched a high of $13.80 on 01/24/23, after rallying from a low of $0.20 in 52 weeks. The price of GROM stock has declined by -82.77% or -$1.2747 this year, reaching a new high 3 times. Still, the stock price is down -98.08% from the 52-week high.
Valuation Metrics
Beta for the stock is 0.66. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.47, the price-to-book (PB) ratio of 0.15.
Financial Health
For the three months ended June 29, Grom Social Enterprises Inc.’s quick ratio was 1.20, while its current ratio was 1.30, indicating its ability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 36.80% percent. Based on annual data, it had gross profit of $1.76 million and revenue of $5.43 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. There was a -102.20% return on investment (ROI) in the past year.
Earnings Surprise
According to Grom Social Enterprises Inc.’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $0.96 million, while revenues fell by -18.75% to $1.2 million. It was predicted that Grom Social Enterprises Inc.’s quarterly earnings would be -$0.27, but it ended up being -$0.28, beating the consensus by 3.60%. EBITDA was -$2.12 million for the quarter. At the end of Grom Social Enterprises Inc.’s most recent quarter ended June 29, its liabilities totaled 3.75 million, while its total debt was $1.45 million. Equity owned by shareholders amounts to $9.04 million.
Technical Picture
Here’s a quick look at Grom Social Enterprises Inc.’s (GROM) price momentum from a technical perspective. As of 29 August, the RSI 9-day stood at 41.80%, suggesting the stock is Neutral, with a 114.92% historical volatility rate.
The stochastic %K and %D were 22.12% and 15.24% respectively, while the average true range (ATR) was 0.0431. Based on the 14-day stochastic reading of 41.59%, the RSI (14) reading is 40.29%. On the 9-day MACD Oscillator, the stock is at -0.0229, and the 14-day reading is at -0.0424.
Analyst Ratings
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 $0.60 and $0.60, with a median target price of $0.60. In analyzing these forecasts, the average price target given by analysts for Grom Social Enterprises Inc. (GROM) is $0.60.
