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Grove, Inc. (GRVI)

NasdaqCM - NasdaqCM Delayed Price. Currency in USD
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6.01+0.11 (+1.86%)
As of 02:12PM EDT. Market open.

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  • g
    gursewak
    Let’s rocket
  • B
    BullRun
    People don't bother to actually read PR news releases. Yes they acquired another company. However, the press release states there will be no dilution to fund the acquisition and this should increase the company's sales for 2023 beyond previous projections. Essentially this tech acquisition will help increase commerce sales through their software.
  • B
    Bill
    Smelling another Run.
  • P
    Phil
    COSMETIC products and alcohol historically do better in economy falls.
    GRVI appears to be well balanced for very rough times.
  • B
    Bill
    I feel like I'm on a rollercoaster.
  • 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 $6+ each?
  • S
    Super Trader
    we shall see 10 , 15 soon
  • v
    vladimir
    today it will turn around and go in the positive until Friday 5.5
  • B
    BullRun
    Profitiable Quarter after the company just IPO'd. This will get the attention of investment banks in this market of tough to find under valued plays. I think this will be back over 6$ soon. Sorry for those of you that jumped in at 7$.
  • A
    Andriegoklp
    Only way is up from here ! Jump to the train until this is flying below the radar 👍🏻🏆
  • K
    K B B
    How much did GRVI paid for Vitamedica? It is a $4M revenue company that is already profitable
  • B
    BuzzyBuzzyear
    $GRVI

    Let's do some simple calculations:
    *******************************
    * TODAY the company pre-announced $1.5-2.0m in earnings will be their Q42021 earnings: This equals Q42021 earnings of between .11 and .15 cents with 13.43 million shares outstanding.
    * Company also said they are growing income at around 200% from Q42020 to this Q42021.
    * The company is also acquiring Vitamedica (previously announced) and told us it will be accretive (an addition) to earnings. This starts to add in Q2 this FY. Add .10 earnings from Vita for the last 2 quarters this FY.
    * If we assume continued growth at 200% per annum, the income from Vitamedica, plus vertical for multivitamin gummies by Q4 we get the following earnings estimates:
    EARNINGS NEXT 4 QUARTERS PER SHARE (Estimates):
    Next Q: .20
    Next Q: .24
    Next Q: .32 + .08 Vitamedica = .40
    Next Q: .45 + .10 Vitamedica = .55
    TOTAL EARNINGS THIS FY: $1.40
    P/E of 20 (Very reasonable!)
    GRVI Stock Should Be $28 Per Share TODAY!