Abound Wealth Management Makes New $33,000 Investment in Sow Good Inc. (NASDAQ:SOWG)

Abound Wealth Management purchased a new stake in shares of Sow Good Inc. (NASDAQ:SOWG) during the second quarter, Holdings Channel.com reports. The firm purchased 1,667 shares of the company’s stock, valued at approximately $33,000.

A number of other large investors have also made changes to their positions in SOWG. Perritt Capital Management Inc purchased a new position in Sow Good during the 2nd quarter worth approximately $60,000. Swedbank AB purchased a new position in shares of Sow Good during the second quarter valued at $1,378,000. Finally, Accredited Investors Inc. purchased a new position in shares of Sow Good during the second quarter valued at $1,789,000. Institutional investors and hedge funds own 10.74% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Craig Hallum raised their price objective on Sow Good from $20.00 to $25.00 and gave the stock a “buy” rating in a research report on Monday, June 3rd.

Sow Good Stock Up 4.3 %

SOWG stock opened at $10.76 on Monday. The business has a 50 day moving average of $16.30. The company has a current ratio of 5.13, a quick ratio of 3.30 and a debt-to-equity ratio of 0.06. Sow Good Inc. has a 12-month low of $5.50 and a 12-month high of $24.83. The stock has a market cap of $109.13 million, a P/E ratio of -30.74 and a beta of 1.93.

Sow Good (NASDAQ:SOWG) last announced its quarterly earnings data on Wednesday, August 14th. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.28. Sow Good had a return on equity of 37.94% and a net margin of 13.24%. The business had revenue of $15.65 million during the quarter, compared to analyst estimates of $14.40 million. During the same period last year, the company earned ($0.68) earnings per share. On average, research analysts anticipate that Sow Good Inc. will post 0.52 EPS for the current year.

About Sow Good

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.