In the current trading session, Grove Collaborative Holdings Inc’s (GROV) stock is trading at the price of $1.60, a gain of 21.98% over last night’s close. So, the stock is trading at a price that is -34.47% less than its 52-week high of $2.44 and 34.85% better than its 52-week low of $1.18. Based on the past 30-day period, the stock price is -4.55% below the high and +19.51% above the low.
The 200-day Simple moving average is often placed more emphasis on by traders because of daily price changes. Investors will use the SMA-200 in different situations in trading activity as a key indicator to determine their support and resistance levels, and at the moment, GROV’s SMA-200 is $1.5282.
It is also essential to consider GROV stock ratios like the price-to-sales ratio, which is 0.31 for the last year.GROV’s price to book ratio for the most recent quarter was 41.37, resulting in an 1.20 price to cash per share for the period.
How does Grove Collaborative Holdings Inc (GROV) stock rate among analysts? Buy, sell, or hold?
The key to trading is to concentrate on the future rather than on the past. During uncertain times, it can be hard to make decisions. The analysts who understand how a market works are usually the most accurate at forecasting its future. Currently, there are 2 brokerage firms that recommend the stock as a Strong Buy. The ratings are commonly aggregated into a single number between 1 and 5. Buy or strong buy is scored 5, outperform is scored 4, hold is scored 3, underperform is scored 2 and strong sell is 1. Using a scale of 1-5, the current average recommendation is 5.00 in simple terms.
Grove Collaborative Holdings Inc (NYSE: GROV) Ownership Details
I will give a breakdown of the key shareholders in Grove Collaborative Holdings Inc (GROV). Recent figures show that the company’s insiders hold 35.87% of shares. A total of 40 institutional investors hold shares in the company, making 34.83% of its stock and 54.31% of its float.
Sep 30, 2024 , it was reported that the Company’s largest institutional holder is NVP Associates, LLC holding total of 2.94 shares that make 8.30% of the company’s total number of shares and are currently priced at 4.83 million.
The securities firm Morgan Stanley holds 2.85 shares of GROV, making it the second largest institutional shareholder. Taking this into account, the holding percentage comes to 8.04% , and the holding percentage of shares is valued at 4.68 million.
An overview of Grove Collaborative Holdings Inc’s technicals
In order to learn about trade movements and investor behavior, it is best to analyze the short, medium, and long term technical indicators along with the average volume of a stock. A 20-day average of the stock’s daily volume suggests Grove Collaborative Holdings Inc (GROV) traded 92,429 shares per day, with a moving average of $1.3550 and price change of +0.2100. With the moving average of $1.3434 and a price change of +0.0800, about 128,210 shares changed hands on average over the past 50 days. Finally, GROV’s 100-day average volume is 89,321 shares, alongside a moving average of $1.3690 and a price change of -0.2500.
