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Grove, Inc. (GRVI)

NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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4.3800+0.0200 (+0.46%)
As of 10:25AM EST. Market open.
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  • D
    David
    Bullrun are you still here? you are the most serious investor imo.
  • B
    Bill
    Need to put some news out.
  • B
    BullRun
    The high end of this company's forecast for 2022 is 55 Million in sales. They have been using AI to keep costs at a lower rate, which improved Q over Q. If the 2022 sales are in line with the company's forecast the company should have .50-.60 earnings per share. This is a growth company and deserves to trade at at 30-40 X earnings. It's trading at 17 X earnings.

    It's ridiculously cheap. It should be at least 8$ per share. That's based on current earnings. The insider's own more than half of all shares. Clearly they need this stock to perform well. This market is somewhat dysfunctional right now IMO. I believe we may something that almost never happens with a company at this stage. I think the company will offer a dividend if the stock continues to lag the market. Personally I feel had they offered the one time divi rather than buy back shares, the stock would be higher now. Cash is king and if people believe they may get another dividend they will hold onto the stock.
  • D
    David
    People buying garbage shares of companies that losing hundreds of millions every ear. but this is growth company with positive cash flow and positive income and its cheap. i believe in this company.
  • B
    B
    Earning look good. Seems mispriced. What do you think bullrun? Made 1.3m profit!
  • A
    Android
    And $5 support is now broken, just like that.
  • B
    B
    Being taken down. I think long term looks good.
  • S
    Sjit
    Anyone know when is earning?
  • A
    Android
    Hold through earnings or sell before earnings?
  • B
    BullRun
    No news and it's up huge Premarket. Somethings cooking.
  • K
    K B B
    $8 is the price it should have opened yesterday ... IMO, $10 will be the floor for this. that would be a valuation of around $140M which is fair considering no debt, profitable, $20M revenues and revs doubling yearly.
  • J
    Jonson
    Why Grove, Inc. Common Stock (GRVI) Stock Jumped Today? Source: http://snd.qlitrk.com/r/ymzb
  • B
    BullRun
    Another point, this company has a tiny 5 Million share float. If the Reddit crowd ever gets on this one, it will double or triple in a matter of minutes.
  • M
    Mike
    1000 at 4.95 what a deal. nothing has changed
  • B
    BullRun
    Share buyback approved of up to 1 million shares. So an already super small float of about 7 million shares could be lowered to about 6 million. They are already profitable. This company will get to 1$ per share earnings very fast IMO. With the 55% insider ownership they need to make this company a big success to cash in.
    They acquired an online health company Vitamedica that is profitable and will add to the bottom line. They are looking to add about 10 Amazon 3rd party seller companies. I would imagine they would be companies in a similar type business. They have about 15 million in cash with the stock buyback it's under 10 million. With all of the acquisitions they are looking to make, we should anticipate a stock offering on one of the next big pops. No biggie, par for the course for owning a growth company.
  • T
    Tyzoid8
    I helped all I could just now and was the one that bought 300 at $6.24.
    Kept trying to buy in lower but the price just kept going up and up and up.
    I finally threw in $6.29 and it filled. Gotta add that I like the top reaction.
    Good stuff and why not get in early on a possible sky-rocket?
  • A
    Andriegoklp
    Absolutely lost everything that gain yesterday -1.3$ with a good news too
    This has to be manipulation
  • g
    gosho
    I don't understand what's so bad with the numbers to merit 15% drop.
  • D
    Dragon
    Anyone understand: the company sold 3 million shares at $5 each only 3+ months ago, now they want to buy back 1 million shares at $6+ each?
  • S
    Super Trader
    we shall see 10 , 15 soon