What is the stock price trajectory of Harrow Inc (HROW)?

A share price of Harrow Inc [HROW] is currently trading at $42.06, down -1.96%. 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 10.77% over the last week, with a monthly amount drifted -16.88%, 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.

Harrow Inc experienced fluctuations in its stock price throughout the past year between $8.72 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 $42.06 at the most recent close of the market. An investor can expect a potential return of 17.69% based on the average HROW price forecast.

Analyzing the HROW fundamentals

Trailing Twelve Months sales for Harrow Inc [NASDAQ:HROW] were 169.14M which represents 43.75% growth. Gross Profit Margin for this corporation currently stands at 0.73% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.2%, and Net Profit Margin reading is -0.2%. To continue investigating profitability, this company’s Return on Assets is posted at -0.1, Equity is -0.54 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 3.22.

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 40.59 points at the first support level, and at 39.12 for the second support level. However, for the 1st resistance point, the stock is sitting at 43.54, and for the 2nd resistance point, it is at 45.02.

Ratios To Look Out For

To put it in perspective, the Current Ratio for Harrow Inc [NASDAQ:HROW] is 1.54. In addition, the Quick Ratio stands at 1.44 and the Cash Ratio stands at 0.76. Considering the valuation of this stock, the price to sales ratio is 8.66, the price to book ratio is 26.00.

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.

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