The stock of Harrow Inc (NASDAQ:HROW) last traded at $30.42, down -4.67% from the previous session.
HROW stock price is now -11.35% away from the 50-day moving average and -8.96% away from the 200-day moving average. The market capitalization of the company currently stands at $1.08B.
With the price target of $57, H.C. Wainwright recently initiated with Buy rating for Harrow Inc (NASDAQ: HROW). On December 04, 2024, B. Riley Securities reiterated its ‘Buy’ rating on the stock by increasing its target price from $73 to quote $69, while ‘Craig Hallum’ rates the stock as ‘Buy’
In other news, Opaleye Management Inc., 10% Owner sold 20,000 shares of the company’s stock on Jan 22 ’25. The stock was sold for $711,814 at an average price of $35.59. Upon completion of the transaction, the 10% Owner now directly owns 155,000 shares in the company, valued at $4.72 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 25 ’24, 10% Owner Opaleye Management Inc. bought 20,000 shares of the business’s stock. A total of $199,400 was incurred on buying the stock at an average price of $9.97. This leaves the insider owning 3,815,000 shares of the company worth $116.05 million. A total of 13.68% of the company’s stock is owned by insiders.
During the past 12 months, Harrow Inc has had a low of $9.30 and a high of $59.23. As of last week, the company has a debt-to-equity ratio of 3.40, a current ratio of 1.54, and a quick ratio of 1.44. The fifty day moving average price for HROW is $34.3132 and a two-hundred day moving average price translates $33.41565 for the stock.
The latest earnings results from Harrow Inc (NASDAQ: HROW) was released for 2024-09-30. The net profit margin was -19.75% and return on equity was -50.10% for HROW. The company reported revenue of $49.26 million for the quarter, compared to $34.27 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 43.75 percent.
