Harrow Inc (NASDAQ:HROW) price on Wednesday, November 13, rose 3.79% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $51.80.
A look at the stock’s price movement, the close in the last trading session was $49.91, moving within a range at $50.0 and $54.19. The beta value (5-Year monthly) was 0.763. Turning to its 52-week performance, $59.23 and $7.60 were the 52-week high and 52-week low respectively. Overall, HROW moved -3.16% over the past month.
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Harrow Inc’s market cap currently stands at around $1.84 billion, with investors looking forward to this quarter’s earnings report slated for in December.
Analysts have a consensus estimate of 52.81M for the company’s revenue for the quarter, with a low and high estimate of 50M and 55.61M respectively. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 202.3M, representing a 55.40% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that HROW is a 100% Buy. On the other hand, the stock is on average a 100% Buy as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 4 recommend HROW as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
HROW’s current price about 2.57% and 8.27% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 56.94, while 7-day volatility ratio is 6.89% and 5.75% in the 30-day chart. Further, Harrow Inc (HROW) has a beta value of 0.74, and an average true range (ATR) of 2.87. Analysts have given the company’s stock an average 52-week price target of $50, forecast between a low of $25 and high of $73. Looking at the price targets, the low is 51.74% off current price level while to achieve the yearly target high, price needs to move -40.93%. Nonetheless, investors will most likely welcome a 3.47% jump to $50 which is the analysts’ median price.
If we refocus on Harrow Inc (NASDAQ:HROW), historical trading data shows that trading volumes averaged 0.52 over the past 10 days and 522.19K over the past 3 months. The company’s latest data on shares outstanding shows there are 35.17 million shares.
The 14.48% of Harrow Inc’s shares are in the hands of company insiders while institutional holders own 56.09% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 2.58 million on 2024-10-31, giving us a short ratio of 4.56. The data shows that as of 2024-10-31 short interest in Harrow Inc (HROW) stood at 1031.0 of shares outstanding, with shares short falling to 4.08 million registered in 2024-09-30. Current price change has pushed the stock 362.50% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the HROW stock continues to rise going into the next quarter.
