Harrow Inc (NASDAQ: HROW) is 201.34% higher on its value in year-to-date trading and has touched a low of $9.13 and a high of $59.23 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The HROW stock was last observed hovering at around $34.01 in the last trading session, with the day’s loss setting it -0.18%.
Currently trading at $33.83, the stock is -10.13% and -23.19% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.13 million and changing -0.53% at the moment leaves the stock 13.75% off its SMA200. HROW registered 219.30% gain for a year compared to 6-month gain of 58.15%. The firm has a 50-day simple moving average (SMA 50) of $44.384 and a 200-day simple moving average (SMA200) of $29.6245.
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The stock witnessed a -21.33% loss in the last 1 month and extending the period to 3 months gives it a -24.09%, and is -3.78% 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 4.87% over the week and 5.19% over the month.
Harrow Inc (HROW) has around 315 employees, a market worth around $1.20B and $169.14M in sales. Fwd P/E is 59.88. Profit margin for the company is -19.75%. Distance from 52-week low is 270.54% and -42.88% from its 52-week high. The company has generated returns on investments over the last 12 months (-13.20%).
with sales reaching $59.09M over the same period.The EPS is expected to grow by 12.33% this year, but quarterly earnings will post 47.36% year-over-year. Quarterly sales are estimated to grow 62.53% in year-over-year returns.
Harrow Inc (HROW) Top Institutional Holders
216.0 institutions hold shares in Harrow Inc (HROW), with institutional investors hold 68.53% of the company’s shares. The shares outstanding are 35.61M, and float is at 30.71M with Short Float at 9.66%. Institutions hold 59.29% of the Float.
The top institutional shareholder in the company is OPALEYE MANAGEMENT INC. with over 3.99 million shares valued at $83.35 million. The investor’s holdings represent 11.2491% of the HROW Shares outstanding. As of 2024-06-30, the second largest holder is PRIVATE CAPITAL MANAGEMENT, LLC with 2.71 million shares valued at $56.71 million to account for 7.654 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 2.15 million shares representing 6.0573% and valued at over $44.88 million, while VANGUARD GROUP INC holds 5.1895 of the shares totaling 1.84 million with a market value of $38.45 million.
Harrow Inc (HROW) Insider Activity
The most recent transaction is an insider purchase by Opaleye Management Inc., the company’s 10% Owner. SEC filings show that Opaleye Management Inc. bought 20,000 shares of the company’s common stock on Apr 25 ’24 at a price of $9.97 per share for a total of $0.2 million. Following the purchase, the insider now owns 3.81 million shares.
Harrow Inc disclosed in a document filed with the SEC on Apr 23 ’24 that Opaleye Management Inc. (10% Owner) bought a total of 11,715 shares of the company’s common stock. The trade occurred on Apr 23 ’24 and was made at $10.29 per share for $0.12 million. Following the transaction, the insider now directly holds 3.79 million shares of the HROW stock.
Still, SEC filings show that on Apr 24 ’24, Opaleye Management Inc. (10% Owner) acquired 8,285 shares at an average price of $10.15 for $84093.0. The insider now directly holds 3,795,000 shares of Harrow Inc (HROW).
