Grove Collaborative Holdings Inc [GROV] stock prices are up 14.29% to $1.76 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The GROV shares have gain 26.62% over the last week, with a monthly amount glided 19.73%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Grove Collaborative Holdings Inc [NYSE: GROV] stock has seen the most recent analyst activity on August 09, 2024, when Telsey Advisory Group reiterated its Outperform rating and also revised its price target to $2 from $3. Previously, Canaccord Genuity started tracking the stock with Buy rating on November 17, 2022, and set its price target to $2. On June 27, 2022, Telsey Advisory Group initiated with a Outperform rating and assigned a price target of $10 on the stock.
The stock price of Grove Collaborative Holdings Inc [GROV] has been fluctuating between $1.18 and $2.44 over the past year. Currently, Wall Street analysts expect the stock to reach $150 within the next 12 months. Grove Collaborative Holdings Inc [NYSE: GROV] shares were valued at $1.76 at the most recent close of the market. An investor can expect a potential return of 8422.73% based on the average GROV price forecast.
Analyzing the GROV fundamentals
The Grove Collaborative Holdings Inc [NYSE:GROV] reported sales of 213.78M for trailing twelve months, representing a drop of -21.81%. Gross Profit Margin for this corporation currently stands at 0.54% with Operating Profit Margin at -0.09%, Pretax Profit Margin comes in at -0.11%, and Net Profit Margin reading is -0.11%. To continue investigating profitability, this company’s Return on Assets is posted at -0.23, Equity is -1.34 and Total Capital is -0.3. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.22.
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 1.5500 points at the first support level, and at 1.3400 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.9600, and for the 2nd resistance point, it is at 2.1600.
Ratios To Look Out For
It’s worth pointing out that Grove Collaborative Holdings Inc [NYSE:GROV]’s Current Ratio is 2.07. On the other hand, the Quick Ratio is 1.45, and the Cash Ratio is 1.28. Considering the valuation of this stock, the price to sales ratio is 0.34, the price to book ratio is 45.56.
Transactions by insiders
Recent insider trading involved Yurcisin Jeffrey Michael, President & CEO, that happened on Nov 18 ’24 when 35000.0 shares were purchased. Chief Technology Officer, Clark Christopher completed a deal on Jul 01 ’24 to sell 6485.0 shares. Meanwhile, Chief Technology Officer Clark Christopher sold 6485.0 shares on Jun 03 ’24.
