Perritt Capital Management Inc Makes New $60,000 Investment in Sow Good Inc. (NASDAQ:SOWG)

Posted by Latisha Jones on Sep 12th, 2024

Perritt Capital Management Inc bought a new stake in shares of Sow Good Inc. (NASDAQ:SOWG – Free Report) during the 2nd quarter, HoldingsChannel.com reports. The firm bought 3,000 shares of the company’s stock, valued at approximately $60,000.

Separately, Swedbank AB purchased a new position in shares of Sow Good during the second quarter valued at $1,378,000. Hedge funds and other institutional investors own 10.74% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have commented on SOWG shares. Roth Mkm restated a “buy” rating and set a $21.00 price objective (up from $15.00) on shares of Sow Good in a research report on Thursday, May 16th. Craig Hallum raised their price target on shares of Sow Good from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Monday, June 3rd.

Read Our Latest Research Report on SOWG

Sow Good Trading Down 5.5 %

Shares of NASDAQ:SOWG opened at $10.65 on Thursday. The stock has a market capitalization of $108.01 million, a price-to-earnings ratio of -30.43 and a beta of 1.93. Sow Good Inc. has a 1 year low of $5.50 and a 1 year high of $24.83. The company has a current ratio of 5.13, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06. The stock’s fifty day moving average price is $16.70.

Sow Good (NASDAQ:SOWG – Get Free Report) last released its quarterly earnings data on Wednesday, August 14th. The company reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.01 by $0.28. The firm had revenue of $15.65 million for the quarter, compared to the consensus estimate of $14.40 million. Sow Good had a return on equity of 37.94% and a net margin of 13.24%. During the same quarter in the prior year, the company posted ($0.68) earnings per share. On average, sell-side analysts forecast that Sow Good Inc. will post 0.59 EPS for the current year.

Sow Good Profile

(Free Report)

Sow Good Inc is engaged in producing nutritious products in the freeze-dried food industry. Sow Good Inc, formerly known as Black Ridge Oil and Gas Inc, is based in IRVING, Texas.