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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 $1.60, down 4.19% from the previous day, and has decreased 17.95% in one year. It has underperformed other stocks in the Household & Personal Products industry by 0.13 percentage points. Grove Collaborative Holdings stock is currently +16.79% from its 52-week low of $1.37, and -58.01% from its 52-week high of $3.81.

At the moment, there are 38.18M GROV shares outstanding. The market cap of GROV is $61.09M. In the past 24 hours, 35,018 GROV shares were traded.

How to Buy Grove Collaborative Holdings Stock

Wondering how to invest in Grove Collaborative Holdings stock? Here's how.
  1. 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.
  2. Sign up for your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
  3. Put funds into your brokerage account: Select your method of payment and add your details.
  4. 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).
  5. 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.
  6. 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.

A brokerage account is an investment account that allows you to buy and sell a variety of financial instruments, such as stocks, bonds, mutual funds, and ETFs.

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Step 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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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:

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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

GROV Price
$1.60
1w %
-8.05%
1y %
-17.95%
5y %
N/A
P/E
-1.6x
P/B
8.13x
P/S
0.24x
PEG
N/A
Revenue
$241.26M
Earnings
-$34.89M
Fore. Rev. Growth
-8.85%
Fore. Earn. Growth
N/A
Market Cap
$61.09M
Next Earnings
N/A
Next Dividend
N/A

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 8.13x, relative to Household & Personal Products industry P/B ratio of 7.54x

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 $81.58M in cash and short term investments. This is sufficient to cover its annual cash burn of $16.36M.
  • GROV profit margin has gone up from -17.6% to -14.5% in the past year.
  • There are more short-term assets than short-term liabilities on the GROV balance sheet.
  • GROV has cash burn of 16355000. 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 16.02.

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

SMA10
1.72
SMA20
1.7
SMA50
1.63
SMA100
1.68
SMA200
1.8
MACD
0.01
MACD Signal
0.03
MACD Histogram
-0.02
RSI
43.54
Stochastic %K
17.7
Stochastic %D
24.55
StochRSI %K
1.88
StochRSI %D
5.33

How is GROV performing as a company?

Last year, GROV revenue was $241.26M. In the last two year, GROV's revenue has increased by -28.67% per year. This was slower than the Household & Personal Products industry average of 4.65%.

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.

Christopher Clark, Chief Technology Officer of GROV, was the latest GROV insider to sell. They sold $11,264.45 worth of GROV shares on Jul 1, 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

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Step 5: Make your GROV trade

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  • 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.

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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:

  1. Decide where to buy Grove Collaborative Holdings stock
  2. Sign up for your brokerage account
  3. Put funds into your brokerage account
  4. Research Grove Collaborative Holdings stock
  5. Make your GROV trade
  6. Track your GROV investment

If you need a brokerage account, eToro is our favorite venue.

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eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

If you want to get updates on your new investment in Grove Collaborative Holdings, create a watchlist on WallStreetZen today.

NYSE: GROV
$1.60-0.07 (-4.19%)
Updated Jul 15, 2024
Open eToro Account
NYSE: GROV
$1.60-0.07 (-4.19%)
Updated Jul 15, 2024
Open eToro Account

FAQ

How much does it cost to buy one Grove Collaborative Holdings share?

As of Jul 15, 2024, it costs $1.60 to buy one share of Grove Collaborative Holdings stock.

Remember, eToro's fractional share buying allows you to buy partial shares of stocks and ETFs. Even if you only have $0.8, you can buy 0.5 shares of GROV.

Get Started with eToro Today
eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.

Is now a good time to buy Grove Collaborative Holdings stock?

According to 1 Wall Street analysts who monitor Grove Collaborative Holdings, their consensus recommendation is to buy Grove Collaborative Holdings stock.

What is the best way to buy Grove Collaborative Holdings stock?

One way to place an order for Grove Collaborative Holdings stock is with a brokerage account.
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.