Grom Social Enterprises Inc. (NASDAQ:GROM) price on Friday, August 06, rose 5.20% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $2.83.
A look at the stock’s price movement, the close in the last trading session was $2.69, moving within a range at $2.631 and $3.01. The beta value (5-Year monthly) was 0.48. Turning to its 52-week performance, $19.50 and $1.00 were the 52-week high and 52-week low respectively. Overall, GROM moved -28.17% over the past month.
Grom Social Enterprises Inc.’s market cap currently stands at around $17.57 million, with investors looking forward to this quarter’s earnings report slated for May 18, 2021.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that GROM is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
GROM’s current price about -7.32% and -29.50% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 44.34, while 7-day volatility ratio is 8.35% and 11.95% in the 30-day chart. Further, Grom Social Enterprises Inc. (GROM) has a beta value of 0.46, and an average true range (ATR) of 0.39.
In the market, a comparison of Grom Social Enterprises Inc. (GROM) and its peers suggest the former has performed considerably stronger. Data shows GROM’s intraday price has changed 5.20% in last session and 10.55% over the past year. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.17% and 0.41% respectively in the last trading.
If we refocus on Grom Social Enterprises Inc. (NASDAQ:GROM), historical trading data shows that trading volumes averaged 690.95K over the past 3 months. The company’s latest data on shares outstanding shows there are 5.93 million shares.
The 23.60% of Grom Social Enterprises Inc.’s shares are in the hands of company insiders while institutional holders own 5.40% of the company’s shares. Current price change has pushed the stock 60.80% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the GROM stock continues to rise going into the next quarter.