Grove Collaborative Holdings Inc. (NYSE: GROV) kicked off on Monday, down -6.43% from the previous trading day, before settling in for the closing price of $1.40. Over the past 52 weeks, GROV has traded in a range of $1.18-$2.97.
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Annual sales at Consumer Defensive sector company slipped by -17.78% over the past five years. While this was happening, its average annual earnings per share was recorded 46.09%. With a float of $17.08 million, this company’s outstanding shares have now reached $32.18 million.
Let’s look at the performance matrix of the company that is accounted for 560 employees.
Grove Collaborative Holdings Inc. (GROV) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Household & Personal Products Industry. The insider ownership of Grove Collaborative Holdings Inc. is 56.16%, while institutional ownership is 15.85%. The most recent insider transaction that took place on Jul 01 ’24, was worth 11,262. In this transaction Chief Technology Officer of this company sold 6,485 shares at a rate of $1.74, taking the stock ownership to the 112,344 shares. Before that another transaction happened on Jun 03 ’24, when Company’s Chief Technology Officer sold 6,485 for $1.59, making the entire transaction worth $10,337. This insider now owns 118,829 shares in total.
Grove Collaborative Holdings Inc. (GROV) Latest Financial update
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.31 earnings per share (EPS), lower than consensus estimate (set at -0.15) by -0.16. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.18 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 46.09% per share during the next fiscal year.
Grove Collaborative Holdings Inc. (NYSE: GROV) Trading Performance Indicators
Take a look at Grove Collaborative Holdings Inc.’s (GROV) current performance indicators. Last quarter, stock had a quick ratio of 2.92. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.22.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.95, a number that is poised to hit -0.13 in the next quarter and is forecasted to reach -0.23 in one year’s time.
Technical Analysis of Grove Collaborative Holdings Inc. (GROV)
Grove Collaborative Holdings Inc. (NYSE: GROV) saw its 5-day average volume 0.21 million, a positive change from its year-to-date volume of 74189.0. As of the previous 9 days, the stock’s Stochastic %D was 48.33%. Additionally, its Average True Range was 0.07.
During the past 100 days, Grove Collaborative Holdings Inc.’s (GROV) raw stochastic average was set at 17.99%, which indicates a significant increase from 10.36% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 47.81% in the past 14 days, which was lower than the 57.61% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.3778, while its 200-day Moving Average is $1.6463. Nevertheless, the first resistance level for the watch stands at $1.3767 in the near term. At $1.4433, the stock is likely to face the second major resistance level. The third major resistance level sits at $1.4767. If the price goes on to break the first support level at $1.2767, it is likely to go to the next support level at $1.2433. The third support level lies at $1.1767 if the price breaches the second support level.
Grove Collaborative Holdings Inc. (NYSE: GROV) Key Stats
The company with the Market Capitalisation of 51.04 million has total of 38,182K Shares Outstanding. Its annual sales at the moment are 259,280 K in contrast with the sum of -43,230 K annual income. Company’s last quarter sales were recorded 52,100 K and last quarter income was -10,060 K.
