Harrow Inc (HROW) stock price forecast predicts $31.67 value

Harrow Inc [HROW] stock prices are down -1.22% to $35.50 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The HROW shares have gain 55.77% over the last week, with a monthly amount glided 50.36%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Harrow Inc [NASDAQ: HROW] stock has seen the most recent analyst activity on April 11, 2024, when Craig Hallum initiated its Buy rating and assigned the stock a price target of $24. Aegis Capital started tracking the stock assigning a Buy rating and suggested a price target of $15 on September 24, 2021. Ladenburg Thalmann initiated its recommendation with a Buy and recommended $14.25 as its price target on July 02, 2021.

The stock price of Harrow Inc [HROW] has been fluctuating between $7.60 and $36.00 over the past year. Currently, Wall Street analysts expect the stock to reach $31.67 within the next 12 months. Harrow Inc [NASDAQ: HROW] shares were valued at $35.50 at the most recent close of the market. An investor can expect a potential drop of -10.79% based on the average HROW price forecast.

Analyzing the HROW fundamentals

The Harrow Inc [NASDAQ:HROW] reported sales of 154.15M for trailing twelve months, representing a surge of 46.22%. Gross Profit Margin for this corporation currently stands at 0.71% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.21%, and Net Profit Margin reading is -0.22%. To continue investigating profitability, this company’s Return on Assets is posted at -0.11, Equity is -0.51 and Total Capital is -0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 3.2.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 34.37 points at the first support level, and at 33.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.47, and for the 2nd resistance point, it is at 37.44.

Ratios To Look Out For

It’s worth pointing out that Harrow Inc [NASDAQ:HROW]’s Current Ratio is 2.59. In addition, the Quick Ratio stands at 2.42 and the Cash Ratio stands at 1.33. Considering the valuation of this stock, the price to sales ratio is 8.17, the price to book ratio is 21.69.

Transactions by insiders

Recent insider trading involved Opaleye Management Inc., 10% Owner, that happened on Apr 25 ’24 when 20000.0 shares were purchased. 10% Owner, Opaleye Management Inc. completed a deal on Apr 24 ’24 to buy 8285.0 shares. Meanwhile, 10% Owner Opaleye Management Inc. bought 11715.0 shares on Apr 23 ’24.

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