$Grove Collaborative (GROV.US)$ Grove Collaborative Announces Asset Purchase Agreement with Grab Green Grove completes asset purchase agreement of Grab Green, an existing third-party vendor and pioneer in eco-friendly, effective household cleaning products category. This acquisition strengthens Grove's leadership in sustainable home cleaning selection while reaffirming the Company's mission to make consumer products a force for both environmental and human health. (Graphic: Business Wire) ...
$Grove Collaborative (GROV.US)$ Grove Collaborative Announces $15M PIPE Investment from Volition Capital Grove Collaborative Holdings, Inc. (NYSE: GROV) has announced a $15 million investment from Volition Capital, bringing Volition's total investment to $25 million. The investment was led by Larry Cheng, managing partner at Volition and a Grove board member. Grove plans to use at least $10 million to pay off its outstanding term debt facility by November 30, 2024. After full repayment, Grove...
Grove Collaborative Holdings' downgrade in revenue estimates and increase in loss per share may deter investors. Slower expected growth than the wider market could also be off-putting.
Analysts express concern for Grove Collaborative Holdings due to a weaker revenue and earnings outlook. Increased losses forecasted for next year suggest potential issues, with the company expected to underperform the wider industry.
Despite Grove Collaborative Holdings' share price rise, its P/S ratio may not be justified due to declining revenues and a negative growth outlook. Current price levels could be unsustainable given the poor revenue outlook.
The shift in sentiment towards Grove Collaborative Holdings after the downgrade in revenue estimates and consensus price target drop could lead to increased investor caution. The company is predicted to underperform the broader market.
Grove Collaborative Stock Forum
Grove Collaborative Announces Asset Purchase Agreement with Grab Green
Grove completes asset purchase agreement of Grab Green, an existing third-party vendor and pioneer in eco-friendly, effective household cleaning products category. This acquisition strengthens Grove's leadership in sustainable home cleaning selection while reaffirming the Company's mission to make consumer products a force for both environmental and human health. (Graphic: Business Wire)
...
Grove Collaborative Announces $15M PIPE Investment from Volition Capital
Grove Collaborative Holdings, Inc. (NYSE: GROV) has announced a $15 million investment from Volition Capital, bringing Volition's total investment to $25 million. The investment was led by Larry Cheng, managing partner at Volition and a Grove board member. Grove plans to use at least $10 million to pay off its outstanding term debt facility by November 30, 2024.
After full repayment, Grove...
No comment yet