urban-gro, Inc. (NASDAQ: UGRO) announced its quarterly earnings results, revealing a loss of $1.86 per share for the recent quarter. The company reported a revenue of $3.29 million, according to FiscalAI. Following the announcement, urban-gro’s stock experienced a slight decline, trading down 0.6% to reach $0.23 during Friday’s trading session.
Trading volume for urban-gro was recorded at 194,496 shares, significantly lower than its average volume of 454,527 shares. The company’s stock has fluctuated between a 52-week low of $0.21 and a 52-week high of $1.12. Additionally, urban-gro’s 50-day simple moving average stands at $0.28, while the 200-day simple moving average is at $0.37. The company currently has a market capitalization of $3.40 million, a price-to-earnings (P/E) ratio of -0.24, and a beta of 1.85.
Analysts’ Ratings and Market Activity
In a separate development, Weiss Ratings reissued a “sell (D-)” rating for urban-gro on December 29. Market sentiment appears mixed, with one research analyst assigning a “Strong Buy” rating while another has rated the stock as a “Sell.” According to MarketBeat, the average rating for urban-gro stands at “Moderate Buy,” indicating a cautious optimism among some financial analysts.
Meanwhile, institutional investors continue to show interest in urban-gro. Recently, Virtu Financial LLC disclosed that it acquired a new stake in the company during the third quarter, purchasing 97,267 shares valued at approximately $40,000. This acquisition brings Virtu Financial’s ownership to 0.77% of urban-gro’s shares, with institutional investors collectively holding 20.56% of the company.
About urban-gro
urban-gro, Inc. specializes in providing cultivation solutions tailored for the regulated cannabis and controlled environment agriculture markets. The company’s expertise lies in engineering, procurement, and construction management for both indoor and greenhouse facilities. Core offerings include professional-grade horticultural lighting systems, fertigation and nutrient distribution equipment, HVAC and environmental control solutions, as well as site assessment and project implementation services designed to optimize plant health and yield.
In addition to its hardware solutions, urban-gro offers the Emerald Platform, a cloud-based monitoring and management software suite that enhances operational efficiency for its clients. This combination of products and services positions urban-gro as a key player in the evolving agricultural technology landscape.
Investors and stakeholders will be closely monitoring urban-gro’s performance and strategic direction as the company navigates the complexities of its market segment.
