Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
In a challenging market environment, U.S. Global Investors Inc. (GROW) stock has recorded a new 52-week low, dipping to $2.26. According to InvestingPro data, technical indicators suggest the stock is in oversold territory, while maintaining an impressive 19-year streak of consecutive dividend payments with a current yield of 3.91%. The investment management firm, known for its mutual funds and exchange-traded funds, has faced headwinds over the past year, with revenue declining 26.88% in the last twelve months. Despite these challenges, the company maintains strong liquidity with a current ratio of 19.98. InvestingPro analysis suggests the stock is currently trading below its Fair Value, with 8 additional exclusive insights available to subscribers through the comprehensive Pro Research Report, part of the coverage of 1,400+ US equities.
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. This decline contributed to an operating loss of $539,000 and a net loss of $86,000 or $0.01 per share. Despite these financial setbacks, the company maintains a strong cash position with $26 million in cash and cash equivalents. U.S. Global Investors continues to focus on expanding its ETF offerings, particularly in technology and defense sectors, and has launched a new Aerospace and Defense ETF. The company also remains committed to its stock buyback program, repurchasing 236,731 Class A shares. Analysts have noted the company’s strategic focus on innovation and market expansion as it navigates current challenges. Looking forward, 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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