How to Buy Grom Social Enterprises Stock
Grom Social Enterprises Inc
Grom Social Enterprises, Inc. , through its subsidiaries, operates as a media, technology, and entertainment company that focuses on delivering content in the United States.
Grom Social Enterprises stock last closed at $0.62, down 3.58% from the previous day, and has decreased 94.83% in one year. It has underperformed other stocks in the Internet Content & Information industry by 1.28 percentage points. Grom Social Enterprises stock is currently +3.33% from its 52-week low of $0.60, and -94.83% from its 52-week high of $12.00.
As of Apr 23, 2024, there are 8.92M GROM shares outstanding. The market value of GROM is $5.53M. In the past 24 hours, 29,784 GROM shares were traded.
How to Buy Grom Social Enterprises Stock
Not sure how to invest in Grom Social Enterprises stock? Here's how.
- Decide where to buy Grom Social Enterprises stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you figure out where to buy Grom Social Enterprises stock.
- Sign up for a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Fund your investment account: Pick your method of payment and add your details.
- Analyze Grom Social Enterprises stock: The Grom Social Enterprises ticker symbol is GROM. Is Grom Social Enterprises stock a good investment? Should you buy shares of GROM? How do GROM's underlying business fundamentals look? Do top analysts think Grom Social Enterprises is a good buy? Why has GROM's stock price moved recently? (Hint: Our stock market analysis website can help you understand if GROM is a good stock to buy).
- Place your GROM trade: Decide if you will purchase GROM shares at the current market price or use a limit order to buy GROM shares at a particular price.
- Get the latest scoop on your investment in GROM: Create a watchlist to important notifications about your position in Grom Social Enterprises stock.
Step 1: Decide where to buy Grom Social Enterprises stock
You will need an online brokerage account in order to access the NASDAQ market and buy GROM shares.
Our preferred brokerage: eToro
Based on our experience, eToro is the best stock brokerage. eToro gives you:
- You can invest in stocks with zero commissions: Invest without commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
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- Social investing: eToro has a community of more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of top investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptocurrencies.
Get $10 towards your stock purchase by signing up for an account with eToro now.
Open eToro AccountStep 2: Sign up for a brokerage account
Now that you've selected your brokerage, you need to fill out some personal info so you are able to invest in GROM stock today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal info to create a new trading account.
- Submit your application by pressing the "Create Account" button. Get started with eToro today
Step 3: Fund your investment account
Now that you have finished signing up on mobile trading apps, you can securely and quickly fund your account:
Watch the walkthrough below for more details transferring money into your investment account.
Step 4: Analyze Grom Social Enterprises stock
Once you have chosen the best place to buy Grom Social Enterprises stock, it's critical to evaluate their stock before you buy, so you truly understand the risk as well as the upside.
Grom Social Enterprises quick stats
Grom Social Enterprises Zen Score
WallStreetZen was designed to help everyday investors do better fundamental analysis in less time.
You can see all of the due diligence checks on GROM's stock page.
What is the fair value of GROM stock?
Investors use a variety of different financial metrics, analyses, models, and charts to gauge GROM's intrinsic value.
Using relative valuations measures:
- GROM could be undervalued based on its P/B ratio of 0.48x, relative to Internet Content & Information industry P/B ratio of 6.53x
You can access more valuation analysis on GROM's stock here.
A quick look at GROM Financials
Signs that GROM is financially healthy:
- Total GROM debt is lower than 5 years ago, relative to shareholder equity.
- There are more short-term assets than long-term liabilities on the GROM balance sheet.
Signs that GROM is not financially healthy:
- GROM profit margin has gone down from -314.5% to -328.4% in the past year.
- GROM has cash burn of 8901692. It does not have enough cash and short-term investments to cover this.
- GROM has a relatively high debt to equity ratio of 0.51.
- GROM has $2.51M in cash and short term investments. This is not enough to cover its annual cash burn of $8.90M.
- There are more short-term liabilities than short-term assets on the GROM balance sheet.
GROM Trading Indicators
Is GROM Making Money?
Last year, GROM revenue was $4.04M. Over the past five year, GROM's revenue has increased by -14.11% per year. This was slower than the Internet Content & Information industry average of 19.59%.
Learn more about GROM's earnings and revenue performance here.
Latest Insiders Trades at GROM
Over the last 12 months, executives and large shareholders at GROM have not bought or sold any shares.
Dig into more about who owns GROM stock here.
Can I get consistent income from GROM stock?
No, Grom Social Enterprises doesn't provide an income stream by paying out dividends.
What do other traders have to say about GROM?
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other investors have to say.
Step 5: Place your GROM trade
There are two primary options:
- Market order: A market order is an order to buy or sell a stock at the best price on the market.
Market orders are mostly sufficient. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount limit, place a limit order.
Press the Open Trade button and eToro will place the order.
If you require more info about buying stocks on eToro, watch the helpful video below:
Step 6: Get the latest scoop on your investment in GROM
Now that you own some shares in GROM, you'll want to keep up with your new shares.
Add GROM to a watchlist to get notified of important updates regarding your GROM stock.
GROM Feed
How to Buy Stock in Grom Social Enterprises
To summarize, here are the 6 steps you need to take to buy Grom Social Enterprises stock right now:
- Decide where to buy Grom Social Enterprises stock
- Sign up for a brokerage account
- Fund your investment account
- Analyze Grom Social Enterprises stock
- Place your GROM trade
- Get the latest scoop on your investment in GROM
If you require a place to buy stocks, eToro is our favorite venue.
Get Started with eToro TodayIf you would like to get notifications regarding your new investment in Grom Social Enterprises, click the button below.
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