Swedbank AB purchased a new stake in Sow Good Inc. (NASDAQ:SOWG - Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 68,839 shares of the company's stock, valued at approximately $1,378,000. Swedbank AB owned about 0.68% of Sow Good as of its most recent SEC filing.
Sow Good Price Performance
Shares of SOWG traded up $2.17 during mid-day trading on Friday, reaching $15.38. 436,402 shares of the company's stock were exchanged, compared to its average volume of 58,605. The stock's fifty day simple moving average is $19.60. Sow Good Inc. has a 52-week low of $4.75 and a 52-week high of $24.83. The company has a quick ratio of 1.57, a current ratio of 2.48 and a debt-to-equity ratio of 0.38. The stock has a market cap of $155.98 million, a PE ratio of -43.94 and a beta of 2.01.
Sow Good (NASDAQ:SOWG - Get Free Report) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.28. The company had revenue of $15.65 million for the quarter, compared to analysts' expectations of $14.40 million. Sow Good had a negative net margin of 4.21% and a negative return on equity of 19.26%. During the same period in the previous year, the company posted ($0.68) EPS. Equities research analysts predict that Sow Good Inc. will post 0.69 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on SOWG shares. Roth Mkm restated a "buy" rating and set a $21.00 target price (up from $15.00) on shares of Sow Good in a research report on Thursday, May 16th. Craig Hallum raised their target price on shares of Sow Good from $20.00 to $25.00 and gave the stock a "buy" rating in a research report on Monday, June 3rd.
Check Out Our Latest Stock Analysis on SOWG
Sow Good Company Profile
(
Free Report)
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.
Recommended Stories
Before you consider Sow Good, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sow Good wasn't on the list.
While Sow Good currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in electric vehicle technologies (EV) and which EV stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
