Notable Stock to Watch: U.S. Global Investors (NASDAQ:GROW)

U.S. Global Investors (NASDAQ:GROW) stock identified change of 113.04% away from 52-week low price and recently located move of -14.41% off 52-week high price. It has market worth of $31.6M and dividend yield of 1.53%. GROW stock has been recorded 6.17% away from 50 day moving average and 44.66% away from 200 day moving average. Moving closer, we can see that shares have been trading -3.56% off 20-day moving average.

U.S. Global Investors (NASDAQ:GROW) a boutique registered investment advisory firm with longstanding experience in global markets and specialized sectors, released a net loss of $3.4 million, or $0.22 per share loss, for the fiscal year ended June 30, 2019. In comparison, for the previous fiscal year, the Company recorded net income of $647,000 ($0.04 per share), representing a decrease of approximately $4.0 million. The decrease is primarily attributable to unrealized losses on corporate investments along with a decrease in operating revenue, which was partially offset by a tax benefit.

Net unrealized losses on corporate investment recognized in fiscal year 2019 were approximately $1.8 million, just over half of the fiscal year’s loss. The Company adopted a new accounting pronouncement in July 2018, which changed how unrealized gains and losses of certain corporate investments are recorded. Starting in fiscal year 2019, changes in the fair value of the Company’s investments formerly classified as available-for-sale were no longer reported through other comprehensive income, but rather through earnings. This change in accounting has resulted in investment income being more volatile in fiscal year 2019.

Assets under management (AUM) for fiscal year 2019 fell in comparison to the same period in 2018, leading to a decrease in operating revenue of $1.3 million. Average assets under management (AUM) was $564 million versus $729 million in fiscal year 2018, a decrease of 22.6 percent. The decrease was primarily due to shareholder redemptions and market depreciation.

The Financial sector company, U.S. Global Investors noticed change of -6.22% to $1.96 along volume of 246549 shares in recent session compared to an average volume of 154.06K. The stock observed return of -2.97% in 5 days trading activity.The stock was at 0.00% over one month performance.GROW’s shares are at 70.43% for the quarter and driving a 18.79% return over the course of the past year and is now at 78.18% since this point in 2018.

The average volatility for the week at 10.06% and for month was at 8.56%. There are 16.12M shares outstanding and 12.36M shares are floated in market. Right now the stock beta is 1.29.


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