Grom Social Enterprises Inc. (NASDAQ: GROM) is -90.02% lower on its value in year-to-date trading and has touched a low of $0.14 and a high of $3.17 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The GROM stock was last observed hovering at around $0.17 in the last trading session, with the day’s gains setting it 0.01% off its average median price target of $1.50 for the next 12 months. It is also 88.0% off the consensus price target high of $1.50 offered by 1 analysts, but current levels are 88.0% higher than the price target low of $1.50 for the same period.
Currently trading at $0.18, the stock is -27.03% and -41.23% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.25 million and changing 5.65% at the moment leaves the stock -70.32% off its SMA200. GROM registered -92.02% loss for a year compared to 6-month loss of -68.94%.
The stock witnessed a -43.16% gain in the last 1 month and extending the period to 3 months gives it a -57.39%, and is 3.34% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 8.06% over the week and 15.57% over the month.
Grom Social Enterprises Inc. (GROM) has around 22 employees, a market worth around $4.00M and $5.40M in sales. Distance from 52-week low is 31.09% and -94.33% from its 52-week high. The company has generated returns on investments over the last 12 months (-29.40%).
Grom Social Enterprises Inc. (GROM) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Grom Social Enterprises Inc. (GROM) is a “Buy”. 1 analysts offering their recommendations for the stock have an average rating of 2.00, where 0 rate it as a Hold and 0 think it is a “Overweight”. 1 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Grom Social Enterprises Inc. is expected to release its quarterly report on 03/01/2023.The EPS is expected to shrink by -10.00% this year
Grom Social Enterprises Inc. (GROM) Top Institutional Holders
The shares outstanding are 21.51M, and float is at 20.92M with Short Float at 0.87%.
Grom Social Enterprises Inc. (GROM) Insider Activity
A total of 0 insider transactions have happened at Grom Social Enterprises Inc. (GROM) in the last six months, with sales accounting for 0 and purchases happening 0 times.