As of 2:28 PM on Thursday January 5, Groupon Inc. Common Stock (GRPN) opened trading at 8.76
Don’t count Groupon out due to some of the negative reported earnings reports. Stocks in every sector are down. Where else can you still buy a stock under $9.00 with a cash vault of $308 million?
The stock has certainly been able to weather quite a few storms through this up-and-down economy.
Groupon is saying they will have a Strong Q4,
On Wednesday, Groupon stock opened at $7.55. The company’s market capitalization is $ 248.674million, its PE ratio is -1.46, and its beta is 1.94. The debt-to-equity ratio is 2.31, the quick ratio is 0.77, and the current ratio is 0.77. Groupon’s one-year low is $6.22, and its one-year high is $31.15. The stock’s 50-day moving average is $7.70, and its 200-day moving average is $9.85. The EPS (TTM is) 2.05.
The S&P 500 is down -20.66% year to date, while GRPN is down -67.42%. GRPN has lost -$5.26 per share in the last year.
Quarterly Specifications
Revenue from services fell 27.4% year on year to $144.39 million.
Local revenues of $127.9 million were down 27% year on year (down 24% discounting the effect of foreign exchange). Local revenues in North America plummeted 24% year on year, while international local revenues fell 35%.
Revenue from consolidated travel fell 30.8% year on year to $6.02 million. Travel revenue in North America fell 10.2% year on year.
The Biggest Financial Institutions Are Buying Groupon
During the first quarter, Charles Schwab Investment Management Inc. increased its stake in Groupon by 3.6%. After purchasing an additional 14,897 shares during the last quarter, Charles Schwab Investment Management Inc. now owns 423,886 shares of the coupon company’s stock, valued at $8,152,000.
During the first quarter, Vanguard Group Inc. increased its holdings in Groupon by 0.8%. Vanguard Group Inc. now owns 2,317,007 shares of the coupon company’s stock, valued at $44,557,000, after purchasing 17,501 more shares in the last quarter.
During the third quarter, Epoch Investment Partners Inc. increased its holdings in Groupon by 23.1%. Epoch Investment Partners Inc. now owns 841,806 shares of the coupon company’s stock, valued at $6,701,000, after purchasing 158,027 shares in the last quarter.
During the second quarter, State Street Corp increased its investment in Groupon by 13.3%. After purchasing an additional 92,374 shares during the last quarter, State Street Corp now owns 785,314 shares of the coupon company’s stock, valued at $8,874,000.
CEO Kedar Deshpande, said in the third-quarter earnings release, “Improving local purchase frequency is the most important measure of how well we are executing our strategy, and we are going to be relentless in driving this metric higher.” Sounds great, but the company’s success here has been somewhat mixed.”
Internationally for the coupon business revenue climbed 22% year over year which contributed for $36.5 million in sales last quarter. This is encouraging news, but this region accounts for only roughly a fifth of the company’s entire sales.
If we head towards a recession, which many analysts predict will occur in the following year, the recovery will be rocky- not just for Groupon but for all stocks mostly. Groupon is still suitable for investors with a high-risk tolerance but it’s a chance to own more shares that can bring high rewards. It’s certainly worth a buy. Shoppers will look to deep discount sites like Groupon to sail them through the hard financial times we will face. A deal is a deal, and we believe Groupon is one of them.
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How Groupon Will Revolutionize And Help The Retail Industry Post Covid -19
