Roth Capital Analysts Cut Earnings Estimates for Sow Good Inc. (NASDAQ:SOWG)

Sow Good Inc. (NASDAQ:SOWG) – Roth Capital lowered their Q3 2024 earnings estimates for Sow Good in a report issued on Wednesday, September 11th. Roth Capital analyst G. Kelly now forecasts that the company will earn ($0.17) per share for the quarter, down from their previous estimate of ($0.10). The consensus estimate for Sow Good’s current full-year earnings is $0.52 per share. Roth Capital also issued estimates for Sow Good’s Q2 2025 earnings at $0.37 EPS and Q4 2025 earnings at $0.41 EPS.

Separately, Craig Hallum upped their target price on shares of Sow Good from $20.00 to $25.00 and gave the stock a “buy” rating in a research note on Monday, June 3rd.

Sow Good Stock Performance

SOWG stock opened at $10.76 on Friday. The stock’s 50 day moving average price is $16.30. The company has a debt-to-equity ratio of 0.06, a current ratio of 5.13 and a quick ratio of 3.30. Sow Good has a fifty-two week low of $5.50 and a fifty-two week high of $24.83. The stock has a market capitalization of $109.13 million, a price-to-earnings ratio of -30.74 and a beta of 1.93.

Sow Good (NASDAQ:SOWG) last released its earnings results on Wednesday, August 14th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.01 by $0.28. Sow Good had a net margin of 13.24% and a return on equity of 37.94%. The firm had revenue of $15.65 million for the quarter, compared to analyst estimates of $14.40 million. During the same period in the prior year, the firm earned ($0.68) earnings per share.

Hedge Funds Weigh In On Sow Good

Several hedge funds have recently added to or reduced their stakes in SOWG. Abound Wealth Management purchased a new position in Sow Good in the second quarter valued at approximately $33,000. Perritt Capital Management Inc purchased a new position in Sow Good in the second quarter valued at approximately $60,000. Swedbank AB purchased a new position in Sow Good in the second quarter valued at approximately $1,378,000. Accredited Investors Inc. purchased a new position in Sow Good in the second quarter valued at approximately $1,789,000. Finally, Marshall Wace LLP purchased a new position in Sow Good in the second quarter valued at approximately $1,826,000. 10.74% of the stock is currently owned by hedge funds and other 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.