The stock of Grom Social Enterprises Inc. (NASDAQ:GROM) last traded at $1.57, up 17.16% from the previous session.
Data from the available sources indicates that Grom Social Enterprises Inc. (NASDAQ:GROM) is covered by 1 analysts. The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $1.50 and a low of $1.50, we find $1.50. Given the previous closing price of $1.34, this indicates a potential upside of 11.94 percent. GROM stock price is now -79.03% away from the 50-day moving average and -90.07% away from the 200-day moving average. The market capitalization of the company currently stands at $3.50M.
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In total, 0 analysts have assigned it a hold rating, and 1 have given it a buy rating. Brokers who have rated the stock have averaged $1.50 as their price target over the next twelve months.
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There have been several recent changes in the stakes of large investors in GROM stock. A new stake in Grom Social Enterprises Inc. shares was purchased by HRT FINANCIAL LP during the first quarter worth $2,000. JANE STREET GROUP, LLC invested $2,000 in shares of GROM during the first quarter. In the first quarter, CITADEL ADVISORS LLC acquired a new stake in Grom Social Enterprises Inc. valued at approximately $1,000. ERGOTELES LLC acquired a new stake in GROM for approximately $1,000. GOLDMAN SACHS GROUP INC purchased a new stake in GROM valued at around $1,000 in the second quarter. In total, there are 22 active investors with 6.90% ownership of the company’s stock.
With an opening price of $1.4600 on Tuesday morning, Grom Social Enterprises Inc. (NASDAQ: GROM) set off the trading day. During the past 12 months, Grom Social Enterprises Inc. has had a low of $1.13 and a high of $70.50. As of last week, the company has a debt-to-equity ratio of 0.03, a current ratio of 1.10, and a quick ratio of 1.10. The fifty day moving average price for GROM is $7.4874 and a two-hundred day moving average price translates $15.8121 for the stock.
The latest earnings results from Grom Social Enterprises Inc. (NASDAQ: GROM) was released for Jun, 2022. According to the Internet Content & Information Company, earnings per share came in at -$0.17, missing analysts’ expectations of -$0.1 by -0.07. This compares to -$0.21 EPS in the same period last year. The company reported revenue of $1.49 million for the quarter, compared to $1.51 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -1.98 percent. For the current quarter, analysts expect GROM to generate $1.87M in revenue.
Grom Social Enterprises Inc.(GROM) Company Profile
Grom Social Enterprises, Inc., through its subsidiaries, operates as a media, technology, and entertainment company that focuses on delivering content in the United States. The company operates a social media network for children under the age of 13 years. It also produces animated films and televisions series; and provides web filtering services to schools and government agencies, as well as acquires and develops kids and family entertainment properties and related business opportunities. The company was founded in 2012 and is headquartered in Boca Raton, Florida.
