How to Buy Grove Collaborative Holdings Stock
Grove Collaborative Holdings Inc
Grove Collaborative Holdings is a household & personal product company located in California, United States, which is part of the Consumer Defensive sector, and is traded under the ticker GROV on the NYSE exchange.
Grove Collaborative Holdings stock last closed at $1.47, down 1.34% from the previous day, and has decreased 24.62% in one year. It has underperformed other stocks in the Household & Personal Products industry by 0.3 percentage points. Grove Collaborative Holdings stock is currently +24.05% from its 52-week low of $1.19, and -39.7% from its 52-week high of $2.44.
At the moment, there are 39.35M GROV shares outstanding. The market cap of GROV is $57.85M. In the past 24 hours, 106,247 GROV shares were traded.
How to Buy Grove Collaborative Holdings Stock
Wondering how to invest in Grove Collaborative Holdings stock? Here's how.
- Decide where to buy Grove Collaborative Holdings stock: You need to choose an online brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you decide where to buy Grove Collaborative Holdings stock.
- Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Put funds into your brokerage account: Select your method of payment and add your details.
- Research Grove Collaborative Holdings stock: The Grove Collaborative Holdings ticker symbol is GROV. Is Grove Collaborative Holdings stock a good investment? Should you buy shares of GROV? How do GROV's underlying business fundamentals look? Do top analysts think Grove Collaborative Holdings is a good buy? Why has GROV's stock price moved recently? (Hint: Our stock market analysis tools can help you decide if GROV is a good stock to buy).
- Make your GROV trade: Decide if you will purchase GROV shares at the current market price or use a limit order to purchase GROV shares at a specific price.
- Track your GROV investment: Create a watchlist to monitor your position in Grove Collaborative Holdings shares.
Step 1: Decide where to buy Grove Collaborative Holdings stock
You need an online brokerage account to access the NYSE market and buy GROV stock.
Our recommended brokerage: eToro
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Open eToro AccountStep 2: Sign up for your brokerage account
Now that you've picked the best brokerage, it's time to fill out some personal info so you are able to invest in GROV stock today.
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- 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.
- Provide your personal data to create your new trading account.
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Step 3: Put funds into your brokerage account
Now that you've finished signing up on the best stock buying app, your next step is to transfer the money for your investment:
Check out this video walkthrough for more details depositing funds into your new investment account.
Step 4: Research Grove Collaborative Holdings stock
After you have figured out the best place to buy Grove Collaborative Holdings stock, it's absolutely critical to evaluate their stock before you buy, so you actually understand the risk and opportunity.
Grove Collaborative Holdings shares data
Fundamentals of Grove Collaborative Holdings
WallStreetZen was designed to help average investors do more accurate fundamental analysis.
You can view all of the due diligence checks on GROV's stock page.
What is the fair value of GROV stock?
You can use many financial metrics, analyses, models, and charts to gauge GROV's intrinsic value.
Using relative valuations measures:
- GROV could be overvalued based on its P/B ratio of 38.06x, relative to Household & Personal Products industry P/B ratio of 7.51x
You can access additional valuation research on GROV's stock here.
GROV Financial Health Summary
Positive Financial Indicators:
- There are more short-term assets than long-term liabilities on the GROV balance sheet.
- GROV has $55.59M in cash and short term investments. This is sufficient to cover its annual cash burn of $10.81M.
- GROV profit margin has gone up from -17.4% to -11.6% in the past year.
- There are more short-term assets than short-term liabilities on the GROV balance sheet.
- GROV has cash burn of 10811000. It has sufficient cash and short-term investments to cover this for at least one year.
Negative Financial Indicators:
- GROV has a relatively high debt to equity ratio of 51.86.
Is GROV stock a Buy, Hold, or Sell, according to analysts?
Out of 1 Wall Street analysts who give recommendations on GROV, the consensus analyst rating on GROV is a Buy
Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are saying on the Grove Collaborative Holdings stock forecast page.
GROV Technicals
How is GROV performing as a company?
Last year, GROV revenue was $213.78M. In the last three year, GROV's revenue has increased by -65.33% per year. This was slower than the Household & Personal Products industry average of 4.48%.
Dig into GROV's earnings and revenue performance here.
What are GROV executives and large shareholders up to?
Over the last year, executives and large shareholders at GROV have sold more shares than they have bought.
Jeffrey Michael Yurcisin, President CEO of GROV, was the latest GROV insider to buy. They bought $48,230.00 worth of GROV shares on Nov 18, 2024.
Get more info about who owns GROV shares here.
Can I rely on GROV as an income stream?
No, Grove Collaborative Holdings doesn't provide an income stream by paying out dividends.
GROV Social Trading Data
One of the primary reasons eToro is our favorite brokerage is because of its social trading community.
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Step 5: Make your GROV trade
You have two primary types of orders:
- Market order: A market order is an order to buy or sell a stock at the best possible price.
Market orders are usually the best for newer investors. - Limit order: A limit order allows you to buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at a specific dollar amount limit, use a limit order.
Hit the Open button and eToro will execute the order.
If you require more help with buying stocks on eToro, watch the how to video below:
Step 6: Track your GROV investment
Now that you own some GROV stock, you'll want to keep up with your investment.
Start a watchlist to get notified of important updates regarding your GROV stock.
GROV Feed
How to Buy Stock in Grove Collaborative Holdings
To reiterate, here are the 6 steps for buying Grove Collaborative Holdings stock:
- Decide where to buy Grove Collaborative Holdings stock
- Sign up for your brokerage account
- Put funds into your brokerage account
- Research Grove Collaborative Holdings stock
- Make your GROV trade
- Track your GROV investment
If you need a brokerage account, eToro is our favorite venue.
Get Started with eToro TodayIf you want to get updates on your new investment in Grove Collaborative Holdings, create a watchlist on WallStreetZen today.
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