GROM Intrinsic Value Calculator – Grom Social’s Stock Skyrockets on Closing of $4M Private Placement

🌥️Trending News

Grom Social Enterprises ($NASDAQ:GROM), a social media platform for children, has seen its stock skyrocket on news of the successful closing of a $4M private placement. The platform provides an array of meaningful experiences for children such as online gaming, educational resources, and even ways to connect with friends in a safe and responsible way. The $4M private placement will be used to fund the development of new features with an emphasis on security and safety for users. This includes additional age verification measures, increased monitoring of user activity, and more ways for children to interact safely with each other. Grom Social also plans to add an array of features such as more educational content for users, new games, and improved user experience.

The stock of Grom Social Enterprises has seen a noticeable spike since news of the private placement funding announcement. The increase in stock price reflects the market’s confidence in the company’s ability to leverage its new found capital to improve its services and create a safer and more engaging experience for its young users. Going forward, Grom Social Enterprises is poised to become a leader in providing a safe digital space for kids to connect and learn.

Price History

On Thursday, GROM SOCIAL ENTERPRISES (GRMM) surged to the stock market with an impressive 56.6% jump from its prior closing price of $0.8. The stock opened the day at $0.8 and finished at $1.3. This massive increase in stock prices was largely attributed to the company’s recent announcement that it had closed a $4 million private placement. With the new influx of capital, GROM SOCIAL ENTERPRISES plans to continue developing its portfolio of products and services and expand its footprint in the U.S. and international markets.

The news of the private placement and resulting increase in stock prices illustrates the overall confidence investors have in GROM SOCIAL ENTERPRISES. In addition to the successful capital raise, the company has a solid track record of delivering strong returns over the years. With a focus on innovation and an experienced team driving its growth, GROM SOCIAL ENTERPRISES looks poised to remain a top performer in the future. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for GROM. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for GROM. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for GROM. More…

Key Ratios Snapshot

Some of the financial key ratios for GROM are shown below. More…

Analysis – GROM Intrinsic Value Calculator

At GoodWhale, we recently conducted an analysis of GROM SOCIAL ENTERPRISES’s wellbeing. Our proprietary Valuation Line indicates that the fair value of GROM SOCIAL ENTERPRISES share is around $6.8. However, currently GROM SOCIAL ENTERPRISES stock is trading at $1.3, which is undervalued by 80.9%. This presents a significant opportunity for investors looking to make a wise investment. More…

Peers

It is up against formidable competitors such as JOYY Inc, IL2M International Corp and ePlay Digital Inc, all of which are vying to capture the attention of kids and families around the world. With a strong focus on safety, Grom Social Enterprises Inc is looking to grow its user base and establish itself as a major player in the social media industry.

– JOYY Inc ($NASDAQ:YY)

JOYY Inc is a Chinese internet media company that specializes in livestreaming and video platforms. As of 2023, the company has a market cap of 2.65 billion and a Return on Equity of 8.37%. The market cap indicates the total value of the company, while the Return on Equity measures how much of its earnings are returned to shareholders. JOYY Inc has been able to generate sizable returns to shareholders over the past year, indicating that its business model and operations are efficient and successful.

– IL2M International Corp ($OTCPK:ILIM)

IL2M International Corp (IL2M) is a technology company focused on providing innovative products and services in the areas of digital imaging, robotics, and artificial intelligence. Its market cap of $366.35K as of 2023 reflects the company’s strong financial position and potential for growth. Additionally, IL2M has a remarkable Return on Equity (ROE) of 1,203.09%, indicating that it has been able to generate strong profits from shareholders’ investments. This impressive performance is reflective of IL2M’s commitment to innovation and its dedication to providing top-notch products and services to its customers.

– ePlay Digital Inc ($BER:2NY2)

ePlay Digital Inc is a Canadian mobile gaming and sports media entertainment company. The company is focused on creating, developing, publishing and operating gaming applications for the sports and entertainment industry. ePlay Digital Inc has a market capitalization of 1.36 million as of 2023 and a Return on Equity (ROE) of 41.07%. This market cap reflects the current value of the company’s assets and liabilities and indicates the company’s ability to generate profits from its operations. The high ROE indicates that the company is profitable and generating returns for its shareholders. The company’s success can be attributed to its focus on developing innovative mobile games and leveraging its expertise in the sports and entertainment industry.

Summary

Investors are bullish on Grom Social Enterprises after the closing of a $4M private placement. On the same day, the company’s stock price moved up significantly, reflecting the confidence of the market in this social media company. Analysts expect the infusion of funds to be used to develop and expand the company’s existing and new products and services, which could lead to increased revenue and profitability over time. Grom Social Enterprises investors may also benefit from potential partnering opportunities as the company grows.