FY2024 EPS Estimates for Sow Good Inc. (NASDAQ:SOWG) Reduced by Analyst

Sow Good Inc. (NASDAQ:SOWG - Free Report) - Equities research analysts at Roth Capital cut their FY2024 EPS estimates for Sow Good in a research report issued to clients and investors on Wednesday, September 11th. Roth Capital analyst G. Kelly now forecasts that the company will post earnings of $0.52 per share for the year, down from their prior estimate of $0.59. The consensus estimate for Sow Good's current full-year earnings is $0.59 per share. Roth Capital also issued estimates for Sow Good's Q3 2025 earnings at $0.28 EPS.

A number of other analysts also recently weighed in on the company. Craig Hallum raised their price objective on Sow Good from $20.00 to $25.00 and gave the company a "buy" rating in a research note on Monday, June 3rd. Roth Mkm restated a "buy" rating and set a $21.00 price target (up from $15.00) on shares of Sow Good in a research report on Thursday, May 16th.

Sow Good Price Performance

NASDAQ:SOWG traded down $0.33 on Thursday, reaching $10.32. 71,273 shares of the company's stock were exchanged, compared to its average volume of 60,680. Sow Good has a 52 week low of $5.50 and a 52 week high of $24.83. The company has a fifty day moving average of $16.70. The company has a debt-to-equity ratio of 0.06, a quick ratio of 3.30 and a current ratio of 5.13. The firm has a market capitalization of $104.67 million, a price-to-earnings ratio of -30.74 and a beta of 1.93.

Sow Good (NASDAQ:SOWG - Get Free Report) last announced its quarterly earnings results on Wednesday, August 14th. The company reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.28. The firm had revenue of $15.65 million for the quarter, compared to analyst estimates of $14.40 million. Sow Good had a return on equity of 37.94% and a net margin of 13.24%. During the same period last year, the firm posted ($0.68) earnings per share.

Institutional Trading of Sow Good

Several hedge funds and other institutional investors have recently bought and sold shares of SOWG. Marshall Wace LLP purchased a new position in shares of Sow Good during the 2nd quarter worth approximately $1,826,000. Abound Wealth Management acquired a new position in Sow Good during the second quarter worth approximately $33,000. Perritt Capital Management Inc acquired a new stake in shares of Sow Good during the second quarter worth about $60,000. Accredited Investors Inc. purchased a new position in Sow Good in the 2nd quarter valued at $1,789,000. Finally, Swedbank AB acquired a new position in Sow Good during the 2nd quarter worth approximately $1,378,000. 10.74% of the stock is owned by institutional investors and hedge funds.

About Sow Good

Sow Good Inc is engaged in producing nutritious products in the freeze-dried food industry. Sow Good Inc, formerly known as Black Ridge Oil and Gas Inc, is based in IRVING, Texas.