Sow Good Inc. (NASDAQ:SOWG – Get Free Report) dropped 2.4% during trading on Monday. The stock traded as low as $2.01 and last traded at $2.01. 2,477 shares were traded during trading, a decline of 75% from the average daily volume of 9,791 shares. The stock had previously closed at $2.06.
Analysts Set New Price Targets
Separately, Weiss Ratings lowered Sow Good from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Friday, September 4th. One equities research analyst has rated the stock with a Sell rating. Based on data from MarketBeat, the company presently has an average rating of “Sell”.
Read Our Latest Research Report on Sow Good
Sow Good Trading Down 5.7%
The firm has a market capitalization of $38.09 million, a P/E ratio of -0.12 and a beta of 0.92. The business has a 50-day moving average of $2.78 and a 200 day moving average of $2.90.
Sow Good (NASDAQ:SOWG – Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The company reported ($0.19) earnings per share for the quarter.
Institutional Investors Weigh In On Sow Good
A hedge fund recently bought a new stake in Sow Good stock. BlackRock Inc. bought a new stake in Sow Good Inc. (NASDAQ:SOWG – Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 71,562 shares of the company’s stock, valued at approximately $298,000. BlackRock Inc. owned about 0.36% of Sow Good at the end of the most recent reporting period. 10.74% of the stock is owned by hedge funds and other institutional investors.
About Sow Good
Sow Good Inc is a food company that develops, manufactures and sells freeze-dried snacks and beverages under the Sow Good brand. Its product portfolio includes freeze-dried candy, fruits, vegetables and smoothie mixes, offering shelf-stable versions of familiar foods with a light, crunchy texture.
The company sells its products through a combination of direct-to-consumer e-commerce, retail and wholesale channels. Its offerings are marketed to consumers seeking convenient snack and beverage options, and are available through the company’s online store and selected retail locations in the United States.
Sow Good is based in Texas and focuses on expanding the use of freeze-drying across snack and beverage categories.
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