At the time of writing, Harrow Inc [HROW] stock is trading at $49.91, up 3.46%. An important factor to consider is whether the stock is rising or falling in short-term value. The HROW shares have gain 10.76% over the last week, with a monthly amount drifted -2.12%, and not 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.
For the past year, the stock price of Harrow Inc fluctuated between $7.60 and $59.23. Currently, Wall Street analysts expect the stock to reach $49.5 within the next 12 months. Harrow Inc [NASDAQ: HROW] shares were valued at $49.91 at the most recent close of the market. An investor can expect a potential drop of -0.82% based on the average HROW price forecast.
Analyzing the HROW fundamentals
According to Harrow Inc [NASDAQ:HROW], the company’s sales were 154.15M for trailing twelve months, which represents an 46.22% jump. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of3.2.
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 48.69 points at the first support level, and at 47.47 for the second support level. However, for the 1st resistance point, the stock is sitting at 50.69, and for the 2nd resistance point, it is at 51.47.
Ratios To Look Out For
It is important to note that Harrow Inc [NASDAQ:HROW] has a current ratio of 2.59. On the other hand, the Quick Ratio is 2.42, and the Cash Ratio is 1.33. Considering the valuation of this stock, the price to sales ratio is 11.49, the price to book ratio is 30.49.
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 23 ’24 to buy 11715.0 shares. Meanwhile, 10% Owner Opaleye Management Inc. bought 8285.0 shares on Apr 24 ’24.
