Harrow (HROW) Stock Price, News & Analysis

Company Overview

Harrow, Inc. operates as an ophthalmic-focused healthcare company. The company owns ImprimisRx, an ophthalmology outsourcing and pharmaceutical compounding business. The company was formerly known as Imprimis Pharmaceuticals, Inc. and changed its name to Harrow Health, Inc. in December 2018. Harrow Health, Inc. was incorporated in 2006 and is headquartered in Nashville, Tennessee.

Key Stats

• Today's Range: $42.15 to $44.29
• 50-Day Range: $37.97 to $57.48
• 52-Week Range: $8.72 to $59.23
• Volume: 396,163 shs
• Average Volume: 514,147 shs
• Market Capitalization: $1.56 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $56.67
• Consensus Rating: Buy

Harrow Stock Analysis - MarketRank™

Harrow scored higher than 78% of companies evaluated by MarketBeat, and ranked 273rd out of 952 stocks in the medical sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.5 / 5
• Analyst Rating: Buy

Consensus Rating

Harrow has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 3 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Harrow has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 1,511.11%

Earnings Growth

Earnings for Harrow are expected to grow by 1,511.11% in the coming year, from $0.09 to $1.45 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Harrow is -46.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Harrow is -46.68, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Harrow has a P/B Ratio of 27.09. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

7.24% of the outstanding shares of Harrow have been sold short.

Short Interest Ratio / Days to Cover

Harrow has a short interest ratio ("days to cover") of 4.9.

Change versus previous month

Short interest in Harrow has recently decreased by 26.07%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Harrow does not currently pay a dividend.

Dividend Growth

Harrow does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

7.24% of the outstanding shares of Harrow have been sold short.

Short Interest Ratio / Days to Cover

Harrow has a short interest ratio ("days to cover") of 4.9.

Change versus previous month

Short interest in Harrow has recently decreased by 26.07%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.7 / 5
• News Sentiment: 0.63

News Sentiment

Harrow has a news sentiment score of 0.63. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.47 average news sentiment score of Medical companies.

News Coverage This Week

MarketBeat has tracked 16 news articles for Harrow this week, compared to 3 articles on an average week.

Search Interest

15 people have searched for HROW on MarketBeat in the last 30 days. This is an increase of 1,400% compared to the previous 30 days.

MarketBeat Follows

8 people have added Harrow to their MarketBeat watchlist in the last 30 days. This is an increase of 100% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Harrow insiders have not sold or bought any company stock.

Percentage Held by Insiders

13.67% of the stock of Harrow is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

72.76% of the stock of Harrow is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

HROW Stock Analysis - Frequently Asked Questions

How have HROW shares performed this year?

Harrow's stock was trading at $11.20 at the beginning of 2024. Since then, HROW shares have increased by 291.8% and is now trading at $43.88.
View the best growth stocks for 2024 here.

How were Harrow's earnings last quarter?

Harrow, Inc. (NASDAQ:HROW) issued its earnings results on Monday, November, 13th. The company reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by $0.12. Harrow's revenue for the quarter was up 50.1% on a year-over-year basis.

Who are Harrow's major shareholders?

Top institutional investors of Harrow include State Street Corp (2.06%), Geode Capital Management LLC (2.04%), Braidwell LP (1.24%) and Stifel Financial Corp (1.15%). Insiders that own company stock include Opaleye Management Inc, Mark L Baum, Andrew R Boll, Martin A Makary, Richard L Md Lindstrom and Horn R Lawrence Van.
View institutional ownership trends.

How do I buy shares of Harrow?

Shares of HROW stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Harrow own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Harrow investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), Visa (V), Netflix (NFLX) and JPMorgan Chase & Co. (JPM).

Company Calendar

• Last Earnings: 11/13/2023
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Medical
• Industry: Pharmaceutical preparations
• Sub-Industry: N/A
• Current Symbol: NASDAQ:HROW
• Previous Symbol: NASDAQ:HROW
• CUSIP: N/A
• CIK: 1360214
• Web: www.harrowinc.com
• Phone: (615) 733-4730
• Fax: 858-345-1745
• Employees: 182
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $56.67
• High Stock Price Target: $65.00
• Low Stock Price Target: $50.00
• Potential Upside/Downside: +33.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 3 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.94)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 471.56
• P/E Growth: N/A
• Net Income: $-24,410,000.00
• Net Margins: -19.75%
• Pretax Margin: -19.67%
• Return on Equity: -45.57%
• Return on Assets: -8.87%

Debt

• Debt-to-Equity Ratio: 3.23
• Current Ratio: 1.55
• Quick Ratio: 1.44

Sales & Book Value

• Annual Sales: $130.19 million
• Price / Sales: 11.61
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $1.62 per share
• Price / Book: 26.20

Miscellaneous

• Outstanding Shares: 35,620,000
• Free Float: 30,746,000
• Market Cap: $1.51 billion
• Optionable: Optionable
• Beta: 0.76