Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
In a year marked by significant volatility, U.S. Global Investors Inc. (GROW) stock has recorded a new 52-week low, dipping to $2.20. Despite the price decline, the company maintains strong fundamentals with a healthy current ratio of 19.98 and trades at just 0.62 times book value, according to InvestingPro data. This latest price level reflects a stark contrast to the firm’s more robust performance in the past, underscoring the broader market’s headwinds that have particularly impacted investment management firms. While revenue has declined 26.88% over the last twelve months, the company has maintained its impressive 19-year streak of consecutive dividend payments, currently offering a 3.86% yield. Over the past year, GROW has seen its value decrease by 21.25%, a substantial decline that investors are closely monitoring as they assess the company’s future in a shifting economic landscape. InvestingPro analysis suggests the stock may be slightly undervalued at current levels, with additional insights available in the comprehensive Pro Research Report covering this and 1,400+ other US stocks.
In other recent news, U.S. Global Investors Inc. reported a challenging fourth quarter of 2024, with total revenues falling by 21% year-over-year to $2.2 million, leading to an operating loss of $539,000. The company also faced a net loss of $86,000 or $0.01 per share. Despite these financial setbacks, U.S. Global Investors maintains a strong cash position with $26 million in cash and cash equivalents. The company continues to focus on expanding its ETF offerings, particularly in technology and defense sectors, and has launched a new Aerospace and Defense ETF. Additionally, U.S. Global Investors is investing in AI and cybersecurity applications to enhance its investment strategies. The firm is also committed to its stock buyback program, having repurchased 236,731 Class A shares. Looking forward, the company’s revenue forecasts for FY2025 and FY2026 remain steady at $10.98 million, with an EPS forecast of $0.1 for FY2026.
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