The GrowHub Limited’s (NASDAQ:TGHL) Lock-Up Period Set To Expire on February 24th

GrowHub’s (NASDAQ:TGHL) lock-up period will end on Tuesday, February 24th. GrowHub had issued 3,750,000 shares in its IPO on August 28th. The total size of the offering was $15,000,000 based on an initial share price of $4.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the end of the lock-up period.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e-)” rating on shares of GrowHub in a research report on Monday, December 29th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, GrowHub currently has an average rating of “Sell”.

GrowHub Stock Down 2.5%

Shares of NASDAQ TGHL opened at $0.31 on Thursday. The firm has a 50-day simple moving average of $0.39. GrowHub has a 52 week low of $0.29 and a 52 week high of $4.25.

GrowHub (NASDAQ:TGHL) last posted its quarterly earnings results on Tuesday, December 23rd. The company reported ($0.04) earnings per share for the quarter. The company had revenue of $0.02 million for the quarter.

GrowHub Company Profile

Our Company operates at the intersection of technology and supply chain management, focusing on enhancing product traceability and authenticity. With a commitment to innovation and sustainability, we have developed a multi-faceted approach to address industry challenges. Our business currently comprises two main divisions, which are the GrowHub Platform and our product trading facilitation offering, and we currently preparing for the launch of our third main business division, namely, the GrowHub Innovation Centre, which is expected to start generating material revenue by the end of the second quarter of 2025.