Grove Collaborative (NYSE:GROV) Announces Earnings Results

Grove Collaborative (NYSE:GROV) issued its earnings results on Tuesday. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.07), Zacks reports. Grove Collaborative had a negative net margin of 11.35% and a negative return on equity of 417.96%.

Grove Collaborative Stock Performance

GROV traded up $0.06 on Tuesday, hitting $1.68. The company’s stock had a trading volume of 93,246 shares, compared to its average volume of 161,271. The company’s 50 day simple moving average is $1.53 and its 200-day simple moving average is $1.43. The company has a quick ratio of 1.45, a current ratio of 2.07 and a debt-to-equity ratio of 14.58. Grove Collaborative has a 12 month low of $1.19 and a 12 month high of $2.00. The firm has a market cap of $65.45 million, a P/E ratio of -2.43 and a beta of 1.04.

Analyst Ratings Changes

Separately, Telsey Advisory Group reissued an “outperform” rating and issued a $2.00 price objective on shares of Grove Collaborative in a report on Tuesday, March 4th.

Grove Collaborative Company Profile

Grove Collaborative Holdings, Inc operates as a plastic neutral consumer products retailer in the United States. It offers household, personal care, beauty, and other consumer products through retail channels, third parties, direct-to-consumer platform, and mobile applications, as well as online store.