Groupon Inc (NASDAQ:GRPN) shares, rose in value, with the stock price down by -1.92% to the previous day’s close as strong demand from buyers drove the stock to $11.26.
Actively observing the price movement in the last trading, the stock closed the session at $11.48. The value of beta (5-year monthly) was 1.69. Referring to stock’s 52-week performance, its high was $19.56, and the low was $2.89. On the whole, GRPN has fluctuated by -39.30% over the past month.
With the market capitalization of Groupon Inc currently standing at about $438.35 million, investors are eagerly awaiting this quarter’s results, scheduled for Mar 15, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.05, which is expected to increase to $0.23 for fiscal year $1.1 and then to about $1.34 by fiscal year 2025. Data indicates that the EPS growth is expected to be 311.50% in 2025, while the next year’s EPS growth is forecast to be 21.80%.
Analysts have estimated the company’s revenue for the quarter at $117.17 million, with a low estimate of $114.98 million and a high estimate of $119.36 million. According to the average forecast, sales growth in current quarter could jump down -3.70%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $526.37 million, representing an increase of 2.20% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that GRPN’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of GRPN currently trading nearly -25.65% and -28.58% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 31.35, while the 7-day volatility ratio is showing 7.48% which for the 30-day chart, stands at 9.32%. Furthermore, Groupon Inc (GRPN)’s beta value is 1.67, and its average true range (ATR) is 1.17.
A comparison of Groupon Inc (GRPN) with its peers suggests the former has fared considerably weaker in the market. GRPN showed an intraday change of -1.92% in last session, and over the past year, it grew by 173.97%%.
Data on historical trading for Groupon Inc (NASDAQ:GRPN) indicates that the trading volumes over the past 10 days have averaged 1.39 million and over the past 3 months, they’ve averaged 1.19 million. According to company’s latest data on outstanding shares, there are 31.85 million shares outstanding.
Nearly 46.19% of Groupon Inc’s shares belong to company insiders and institutional investors own 34.78% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 3.35 million shares as on Mar 15, 2024, resulting in a short ratio of 2.9. According to the data, the short interest in Groupon Inc (GRPN) stood at 8.61% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 3.27 million. The stock has fallen by -12.31% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the GRPN stock heading into the next quarter.
