Grove Collaborative (GROV) Stock Price, News & Analysis

Company Overview

Grove Collaborative Holdings, Inc. operates as a plastic neutral consumer products retailer in the United States. It offers household, personal care, beauty, and other consumer products through retail channels, third parties, direct-to-consumer platform, and mobile applications, as well as online store. The company is headquartered in San Francisco, California.

Key Stats

• Today's Range: $1.24 to $1.33
• 50-Day Range: $1.26 to $1.46
• 52-Week Range: $1.19 to $2.49
• Volume: 181,524 shs
• Average Volume: 81,655 shs
• Market Capitalization: $48.31 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $2.00
• Consensus Rating: Buy

Grove Collaborative Stock Analysis - MarketRank™

Grove Collaborative scored higher than 32% of companies evaluated by MarketBeat, and ranked 121st out of 144 stocks in the consumer staples 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

Grove Collaborative has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Grove Collaborative has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Grove Collaborative is -1.29, 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 Grove Collaborative is -1.29, 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

Grove Collaborative has a P/B Ratio of 5.90. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.58% of the float of Grove Collaborative has been sold short.

Short Interest Ratio / Days to Cover

Grove Collaborative has a short interest ratio ("days to cover") of 12.7, which indicates bearish sentiment.

Change versus previous month

Short interest in Grove Collaborative has recently decreased by 0.83%, indicating that investor sentiment is improving.

Dividend

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

Dividend Yield

Grove Collaborative does not currently pay a dividend.

Dividend Growth

Grove Collaborative does not have a long track record of dividend growth.

Sustainability and ESG

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

Percentage of Shares Shorted

6.58% of the float of Grove Collaborative has been sold short.

Short Interest Ratio / Days to Cover

Grove Collaborative has a short interest ratio ("days to cover") of 12.7, which indicates bearish sentiment.

Change versus previous month

Short interest in Grove Collaborative has recently decreased by 0.83%, indicating that investor sentiment is improving.

News and Social Media

• Score: 0.8 / 5
• News Sentiment: -0.56

News Sentiment

Grove Collaborative has a news sentiment score of -0.56. 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 lower news sentiment than the 0.61 average news sentiment score of Consumer Staples companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Grove Collaborative this week, compared to 1 article on an average week.

Company Ownership

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

Insider Buying vs. Insider Selling

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

Percentage Held by Insiders

13.13% of the stock of Grove Collaborative is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

91.64% of the stock of Grove Collaborative is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

GROV Stock Analysis - Frequently Asked Questions

How have GROV shares performed this year?

Grove Collaborative's stock was trading at $1.77 at the start of the year. Since then, GROV shares have decreased by 29.9% and is now trading at $1.24.
View the best growth stocks for 2024 here.

How were Grove Collaborative's earnings last quarter?

Grove Collaborative Holdings, Inc. (NYSE:GROV) announced its quarterly earnings results on Thursday, August, 8th. The company reported ($0.28) earnings per share (EPS) for the quarter. The business earned $52.10 million during the quarter, compared to the consensus estimate of $52.80 million. Grove Collaborative had a negative net margin of 14.41% and a negative trailing twelve-month return on equity of 372.20%.

When did Grove Collaborative's stock split?

Shares of Grove Collaborative reverse split on Tuesday, June 6th 2023. The 1-5 reverse split was announced on Tuesday, June 6th 2023. The number of shares owned by shareholders was adjusted after the market closes on Tuesday, June 6th 2023. An investor that had 100 shares of stock prior to the reverse split would have 20 shares after the split.

How do I buy shares of Grove Collaborative?

Shares of GROV 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 Grove Collaborative own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Grove Collaborative investors own include XOS (XOS), Evofem Biosciences (EVFM), Faraday Future Intelligent Electric (FFIE), Kosmos Energy (KOS), Terran Orbital (LLAP), Palatin Technologies (PTN) and T2 Biosystems (TTOO).

Company Calendar

• Last Earnings: 8/08/2024
• Today: 10/30/2024
• Next Earnings (Estimated): 11/14/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Consumer Staples
• Industry: Catalog & mail - order houses
• Sub-Industry: Retail
• Current Symbol: NYSE:GROV
• CUSIP: N/A
• CIK: 1841761
• Web: www.grove.co
• Phone: 800-231-8527
• Fax: N/A
• Employees: 408
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $2.00
• High Stock Price Target: $2.00
• Low Stock Price Target: $2.00
• Potential Upside/Downside: +51.5%
• Consensus Rating: Buy
• Rating Score (0-4): 3.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.96)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-43,230,000.00
• Net Margins: -14.41%
• Pretax Margin: -14.39%
• Return on Equity: -372.20%
• Return on Assets: -19.47%

Debt

• Debt-to-Equity Ratio: 107.00
• Current Ratio: 3.88
• Quick Ratio: 2.92

Sales & Book Value

• Annual Sales: $227.25 million
• Price / Sales: 0.23
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $0.21 per share
• Price / Book: 6.29

Miscellaneous

• Outstanding Shares: 38,961,000
• Free Float: 33,845,000
• Market Cap: $51.43 million
• Optionable: Not Optionable
• Beta: 0.98