Grom Social Enterprises Inc. (GROM) is -37.39% away from 50-day simple Moving Average despite all headwinds

Grom Social Enterprises Inc. (NASDAQ: GROM) started the day on May 24, 2023, with a price decrease of -12.40% at $0.35. During the day, the stock rose to $0.403 and sunk to $0.3405 before settling in for the price of $0.40 at the close. Taking a more long-term approach, GROM posted a 52-week range of $0.38-$23.70.

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The Communication Services sector firm’s twelve-monthly sales growth has been -6.70% for the last half of the decade. Meanwhile, its Annual Earning per share during the time was 15.20%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 34.40%. This publicly-traded company’s shares outstanding now amounts to $7.29 million, simultaneously with a float of $0.96 million. The organization now has a market capitalization sitting at $2.69 million. At the time of writing, stock’s 50-day Moving Average stood at $0.5529, while the 200-day Moving Average is $4.7192.

Grom Social Enterprises Inc. (GROM) Ownership Facts and Figures

Now let’s turn our focus to how large-scale investors are working with this stock of the Internet Content & Information Industry. Grom Social Enterprises Inc.’s current insider ownership accounts for 0.40%, in contrast to 2.40% institutional ownership.

Grom Social Enterprises Inc. (GROM) Earnings and Revenue Records

In the latest quarterly report released, which was put into the public domain on 12/30/2022, the organization reported -$10.9 earnings per share (EPS) for the three months, lower than the consensus estimate (set at -$2.1) by -$8.8. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.51 per share during the current fiscal year.

Grom Social Enterprises Inc.’s EPS increase for this current 12-month fiscal period is 34.40% and is forecasted to reach -0.46 in the upcoming year.

Grom Social Enterprises Inc. (NASDAQ: GROM) Trading Performance Indicators

Let’s observe the current performance indicators for Grom Social Enterprises Inc. (GROM). It’s Quick Ratio in the last reported quarter now stands at 2.20. The Stock has managed to achieve an average true range (ATR) of 0.05. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 0.50.

In the same vein, GROM’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -22.99, a figure that is expected to reach -0.49 in the next quarter, and analysts are predicting that it will be -0.46 at the market close of one year from today.

Technical Analysis of Grom Social Enterprises Inc. (GROM)

If we take a close look at the recent performances of Grom Social Enterprises Inc. (NASDAQ: GROM), its last 5-days Average volume was 0.35 million that shows plunge from its year to date volume of 1.75 million. During the previous 9 days, stock’s Stochastic %D was recorded 16.31% While, its Average True Range was 0.0479.

Raw Stochastic average of Grom Social Enterprises Inc. (GROM) in the period of the previous 100 days is set at 0.28%, which indicates a major fall in contrast to 5.96% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 90.11% that was lower than 135.84% volatility it exhibited in the past 100-days period.


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