Sow Good (NASDAQ:SOWG) Shares Down 0.7% – What’s Next?

Sow Good Inc. (NASDAQ:SOWG) was down 0.7% on Thursday . The stock traded as low as $2.66 and last traded at $2.73. Approximately 7,100 shares traded hands during trading, a decline of 93% from the average daily volume of 95,882 shares. The stock had previously closed at $2.75.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on SOWG shares. Craig Hallum lowered Sow Good from a “buy” rating to a “hold” rating and set a $4.50 target price on the stock. in a report on Friday, November 15th. Roth Capital lowered Sow Good from a “strong-buy” rating to a “hold” rating in a report on Friday, November 15th. Finally, Roth Mkm lowered Sow Good from a “buy” rating to a “neutral” rating and cut their target price for the company from $17.00 to $4.00 in a report on Friday, November 15th.

Sow Good Price Performance

The business has a 50 day moving average price of $2.69 and a 200 day moving average price of $7.39. The firm has a market capitalization of $30.72 million, a P/E ratio of 12.00 and a beta of 1.91.

Hedge Funds Weigh In On Sow Good

A number of institutional investors have recently made changes to their positions in the business. Two Sigma Investments LP bought a new position in shares of Sow Good in the fourth quarter worth about $76,000. Texas Capital Bank Wealth Management Services Inc bought a new position in shares of Sow Good in the fourth quarter worth about $173,000. Perritt Capital Management Inc increased its stake in shares of Sow Good by 733.3% in the fourth quarter. Perritt Capital Management Inc now owns 25,000 shares of the company’s stock worth $51,000 after purchasing an additional 22,000 shares during the period. Virtu Financial LLC bought a new position in shares of Sow Good in the fourth quarter worth about $35,000. Finally, Accredited Investors Inc. increased its stake in shares of Sow Good by 181.2% in the third quarter. Accredited Investors Inc. now owns 251,373 shares of the company’s stock worth $2,939,000 after purchasing an additional 161,994 shares during the period. 10.74% of the stock is currently owned by institutional investors.

Sow Good Company Profile

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.