How have the shares performed?
Grom Social Enterprises Inc. (GROM) saw an uptrend of 4.75% in the recent trading with $3.31 being its most recent. The current price level -83.03% lower than the highest price of $19.50 marked by the stock while trading over the past 52-weeks, whereas it is 232.60% higher than the lowest price of $1.00 the company dropped to over past 52-weeks. The latest news story on GROM appeared in PR Newswire under the title “Curiosity Ink Media to Premiere Graphic Novel Thunderous in Launch of New Original Intellectual Property Franchise” on Jun-30-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -66.90% below one month high and is +22.59% above of the lowest during that time. Looking into the simple moving average, Grom Social Enterprises Inc. (GROM)’s stock stands at a SMA-50 of $5.89 while that of 5-day is reading $3.61.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and GROM’s SMA-200 as of now is $3.92.
Grom Social Enterprises Inc. Earnings – What Happened With GROM
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor. During the reported three-month period, company’s sales were $1.88 billion.
GROM – Grom Social Enterprises Inc. Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 5.93 million. GROM does have institutional investors; and they hold 5.40% of the stock.
Grom Social Enterprises Inc. – Insider Activity and Holdings
Moreover, the latest SEC filings also revealed that stock came across 0 new insider purchases involving 0 shares. On the other hand, GROM declared 0 shares have been sold in 0 insider transactions over the past three months.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by Grom Social Enterprises Inc. was 0.16 while posting a debt to equity ratio of 0.21. The count was 15.39 for long-term debt to equity ratio.
Grom Social Enterprises Inc.’s return on equity, or ROE, is -77.30%, compared to the industry average of 3.73% for Communication Services – Internet Content & Information. Although this indicates that GROM fails to use its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of Grom Social Enterprises Inc. (NASDAQ:GROM) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for Grom Social Enterprises Inc. (GROM), we notice that the stock’s 20-day average volume is at 966,565 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 50% are spotting the stock at Buy with its 50-day average volume of 387,375 shares. And to end, GROM’s 100-day average volume is 194,404 shares with 50% of the long-term indicators pointing towards Sell for the stock.