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New Big Money Means Grove Collaborative Holdings Inc. (GROV) Investors Could Reap Benefit

Grove Collaborative Holdings Inc. (NYSE: GROV) is -92.22% lower on its value in year-to-date trading and has touched a low of $0.70 and a high of $12.50 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 GROV stock was last observed hovering at around $0.81 in the last trading session, with the day’s loss setting it -0.04% off its average median price target of $6.00 for the next 12 months. It is also 92.3% off the consensus price target high of $10.00 offered by 2 analysts, but current levels are 61.5% higher than the price target low of $2.00 for the same period.

Currently trading at $0.77, the stock is -34.13% and -64.02% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.25 million and changing -5.49% at the moment leaves the stock -88.17% off its SMA200. GROV registered -92.19% loss for a year compared to 6-month loss of -92.27%.

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The stock witnessed a -48.79% gain in the last 1 month and extending the period to 3 months gives it a -84.57%, and is -32.02% down 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 17.94% over the week and 14.78% over the month.

Grove Collaborative Holdings Inc. (GROV) has around 900 employees, a market worth around $146.49M and $334.80M in sales. Profit margin for the company is -32.00%. Distance from 52-week low is 9.74% and -93.86% from its 52-week high. The company has generated returns on investments over the last 12 months (33.40%).

Grove Collaborative Holdings Inc. (GROV) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for Grove Collaborative Holdings Inc. (GROV) is a “Buy”. 2 analysts offering their recommendations for the stock have an average rating of 1.50, where 0 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

Grove Collaborative Holdings Inc. is expected to release its quarterly report on 03/01/2023.The EPS is expected to shrink by -88.10% this year

Grove Collaborative Holdings Inc. (GROV) Top Institutional Holders

The shares outstanding are 166.22M, and float is at 63.15M with Short Float at 0.32%.

Grove Collaborative Holdings Inc. (GROV) Insider Activity

A total of 54 insider transactions have happened at Grove Collaborative Holdings Inc. (GROV) in the last six months, with sales accounting for 40 and purchases happening 14 times. The most recent transaction is an insider purchase by REPLOGLE JOHN B, the company’s Director. SEC filings show that REPLOGLE JOHN B bought 125,000 shares of the company’s common stock on Nov 22 at a price of $0.83 per share for a total of $0.1 million. Following the purchase, the insider now owns 0.48 million shares.

Grove Collaborative Holdings Inc. disclosed in a document filed with the SEC on Nov 21 that Sculptor Capital Management, I (10% Owner) sold a total of 9,400 shares of the company’s common stock. The trade occurred on Nov 21 and was made at $0.84 per share for $7896.0. Following the transaction, the insider now directly holds 8.99 million shares of the GROV stock.

Still, SEC filings show that on Nov 17, Sculptor Capital Management, I (10% Owner) disposed off 21,100 shares at an average price of $1.04 for $21944.0. The insider now directly holds 8,999,768 shares of Grove Collaborative Holdings Inc. (GROV).

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