Grom Social Enterprises Inc. (NASDAQ:GROM) does about 1.11M shares in volume on a normal day but saw 11136867 shares change hands in Monday trading. The company now has a market cap of 4.51M USD. Its current market price is $2.22, marking an increase of 29.07% compared to the previous close of $1.72. The 52 week high reached by this stock is $57.90 whilst the lowest price level in 52 weeks is $1.11. The script in recent trading has seen the stock touch a high of $2.33 and a low of $1.55.
Grom Social Enterprises Inc. (GROM) has a 20-day trading average at $1.5300 and the current price is -96.17% off the 52-week high compared with 100.00% distance from its 52-week low. The 50-day simple moving average of the closing price is $3.0100 and its 200-day simple moving average is $11.7200. If we look at the stock’s price movements over the week, volatility stands at 31.50%, which decreases to 26.06% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 53.04 to suggest the stock is neutral.
1 analysts observing the Grom Social Enterprises Inc. (GROM) stock have set the 12-month price targets for the company’s shares at between $1.50 and $1.50. The consensus objective for the share price is $45.00, suggesting that the stock has a potential upside of 95.07% over the period. The median price target is -48.0% away from the current levels at $1.50.
FactSet Research has provided data showing that 1 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 1 analysts have rated it as a buy and 0 have advised that investors hold their positions. The consensus recommendation rating is Buy and Wall Street’s advice is for investors to Moderate Buy the stock.
The current price level is 48.88%, -29.12%, and -81.29% away from its SMA20, SMA50, and SMA200 respectively, with the GROM price moving above the 50-day SMA on January 23. Grom Social Enterprises Inc. (GROM) stock is up 38.75% over the week and 88.14% over the past month. Its price is 44.16% year-to-date and -96.19% over the past year.
The company’s next earnings report is expected on 05/31/2023, with forecasts estimating quarterly EPS at -$2.1 and -$16.5 for whole year. GROM’s earnings per share are forecast to grow by 53.30% this year and 52.70% over next year. In addition, estimates put the company’s current quarterly revenue at an average of $1.7 million.
Its 12-month price target is $1.50. To reach the target analysts have set, the stock logically needs to grow 95.07 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $1.50, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $1.50.
Outstanding shares total 2.18M with insiders holding 10.40% of the shares and institutional holders owning 20.83% of the company’s common stock. The company has a return on investment of -29.40% and return on equity of -54.30%. The beta has a value of 0.45. Price to book ratio is 0.07 and price to sales ratio is 0.83.
According to a U.S. Securities and Exchange Commission filing, Fidelity Nasdaq Composite Index E has added its position in Grom Social Enterprises Inc. (GROM) to 10,429 shares, mirroring a recent increase by 0.91%. Fidelity Nasdaq Composite Index E added 94.0 shares of Grom Social Enterprises Inc. common stock bringing its total worth to about $16061.0 at the end of recent close, SEC documents show. Fidelity Nasdaq Composite Index E isn’t the only investment manager who changed stakes and is followed by Vanguard Extended Market Index Fu, which added 1.0 shares to end up with 3,532 shares worth $5439.0.