The Chicago-based Groupon Inc (NASDAQ:GRPN), the biggest daily coupon website, moved up to the record high in over a month after Morgan Stanley (NYSE:MS) analysts boosted the stock rating to overweight from equalweight, mentioning prospects of the international sales.
Shares of Groupon, which generates revenue by selling discounts from businesses like restaurants and nail salons, climbed 11% to settle at $11.15 in New York and the company marked the major gain since May 14. Groupon’s stock plunged 44% since its IPO in November.
Groupon is attempting to restore investor confidence after dropping around $5.8 billion in market value since the Initial Public Offering. The company reported that first quarter revenue climbed 89% to $559.3 million.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Amazon.com, Inc. (NASDAQ:AMZN) fell +1.97% to settle at $222.66, Vipshop Holdings Ltd – ADR (NYSE:VIPS) moved up +1.87% to end at $6.00 while Wal-Mart Stores, Inc. (NYSE:WMT) surged +0.55% to finish on Monday at $68.12.
Groupon Inc (NASDAQ:GRPN) last session volume of 13.65 million shares was surprisingly higher than its average volume of 7.63 million shares. The stock after opening at $10.42 hit high price of $11.39 and then closed at $11.15 by scoring +10.83%.
GRPN generated revenue of 1.87 billion in the following twelve months and earned -$188.89 million. The Company showed a negative -10.00% in the net profit margin and as well as in its operating margin which remained -4.09%. Company’s quarterly sales growth was +89.25%.
The GRPN past twelve months price to sales ratio was 3.84 and price to cash ratio remained 6.20. As far as the returns are concern, the GRPN return on equity was recorded as -52.68% and dropped -45.75% return on investment while its return on asset stayed at -15.54%.
The stock showed weekly upbeat performance of +7.83% which was maintained for the month at -10.15%. Likewise the negative performance for the quarter was recorded as -37.43% and for the half year was -51.69% while the YTD performance remained at -45.95%.
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