Grom Social Enterprises Inc (NASDAQ: GROM) is -12.92% lower on its value in year-to-date trading and has touched a low of $0.69 and a high of $14.71 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 $0.96 in the last trading session, with the day’s gains setting it 0.02%.
Currently trading at $0.98, the stock is 14.23% and 10.39% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.06 million and changing 2.50% at the moment leaves the stock -68.71% off its SMA200. GROM registered -92.51% loss for a year compared to 6-month loss of -56.84%. The firm has a 50-day simple moving average (SMA 50) of $0.11 and a 200-day simple moving average (SMA200) of -$0.04.
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The stock witnessed a 31.20% gain in the last 1 month and extending the period to 3 months gives it a 2.51%, and is -22.52% 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 21.67% over the week and 14.92% over the month.
Grom Social Enterprises Inc (GROM) has around 330 employees, a market worth around $1.94M and $4.70M in sales. Profit margin for the company is -314.73%. Distance from 52-week low is 42.61% and -93.31% from its 52-week high. The company has generated returns on investments over the last 12 months (-85.07%).
Grom Social Enterprises Inc quarterly earnings per share for the current quarter are estimated at $0 with sales reaching $1.66M over the same period., but quarterly earnings will post 0.30% year-over-year. Quarterly sales are estimated to grow 5.70% in year-over-year returns.
15 institutions hold shares in Grom Social Enterprises Inc (GROM), with institutional investors hold 16.28% of the company’s shares. The shares outstanding are 1.97M, and float is at 1.80M with Short Float at 2.01%. Institutions hold 16.27% of the Float.
The top institutional shareholder in the company is Weaver Consulting Group with over 10751.0 shares valued at $14728.0. The investor’s holdings represent 0.12% of the GROM Shares outstanding. As of Jun 29, 2023, the second largest holder is Monograph Wealth Advisors, LLC with 2219.0 shares valued at $13890.0 to account for 0.02% of the shares outstanding. The other top investors are HRT Financial LP which holds 1001.0 shares representing 0.01% and valued at over $6266.0, while UBS Group AG holds 0.01% of the shares totaling 514.0 with a market value of $3217.0.
