Sow Good (NASDAQ:SOWG) Stock Price Up 7.3% – What’s Next?

Sow Good Inc. (NASDAQ:SOWG)’s share price traded up 7.3% on Friday . The company traded as high as $2.92 and last traded at $2.79. 85,977 shares were traded during mid-day trading, a decline of 49% from the average session volume of 167,678 shares. The stock had previously closed at $2.60.

Analysts Set New Price Targets

Several research firms recently issued reports on SOWG. Craig Hallum downgraded shares of Sow Good from a “buy” rating to a “hold” rating and set a $4.50 price objective for the company. in a report on Friday, November 15th. Roth Mkm downgraded Sow Good from a “buy” rating to a “neutral” rating and lowered their price target for the company from $17.00 to $4.00 in a research report on Friday, November 15th. Finally, Roth Capital lowered Sow Good from a “strong-buy” rating to a “hold” rating in a research note on Friday, November 15th.

Sow Good Stock Performance

The company’s 50 day moving average is $2.91 and its 200 day moving average is $9.84. The stock has a market capitalization of $28.57 million, a price-to-earnings ratio of 11.16 and a beta of 1.87.

Institutional Trading of Sow Good

A number of institutional investors and hedge funds have recently modified their holdings of the company. Marshall Wace LLP bought a new stake in Sow Good in the 2nd quarter valued at $1,826,000. Bard Associates Inc. increased its stake in Sow Good by 43.3% in the third quarter. Bard Associates Inc. now owns 243,145 shares of the company’s stock valued at $2,842,000 after acquiring an additional 73,445 shares during the period. Finally, Accredited Investors Inc. raised its position in 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 in the last quarter. 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.